Can i auction my house

The sale can continue through negotiation with a buyer either on the day or in the following days with many sales completed within hours. Heightened marketing: The success of your auction can be largely dependent on how strong your marketing campaign is.

Your real estate agent should talk to you in detail about the marketing plan before it goes live. Valuation: Getting a full valuation by a registered property valuer can be helpful to both you in knowing what the reserve price should be and to the auctioneer for guidance on auction day.

Open homes: open home days are held to help market your home. If you prefer private viewings over open homes, discuss and agree your preference with your real estate agent prior to signing off your marketing plan. Managing buyer interest: Prospective buyers usually register their interest with your real estate agent and receive a property auction pack which covers property marketing information along with the sale and purchase agreement and terms and conditions.

The sale and purchase contract: There are special sale and purchase agreements for selling by auction. Communication: Prior to auction day, your real estate agent should be in regular contact, keeping you up to date with buyer interest, any issues and the state of the property market.

Due diligence: Intending bidders do their due diligence before auction day including building inspections and finance approval. A real estate agent should help guide them to do this and on time. The reserve: The reserve price is usually set just before auction day.

It is kept confidential between yourself, your agent and your auctioneer. Other services. Register today for property alerts Sign up to My Move to shortlist your favourite properties and setup property alerts. Register in 2 minutes. Sell Our services. Guides to selling. Safe Selling Guides. Value my property Request for one of our local property experts to visit your property for a free valuation with no-obligation.

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They tend to attract more buyers and generate more bids. Many auction pros recommend this route to spark a bidding war and perhaps get a higher price. However, you also risk not generating enough interest and having to sell your home for much less than you want.

Minimum bid auctions require anyone bidding on the property to submit a predetermined minimum bid. So you know that your home will sell for at least the minimum bid. However, this does limit the pool of buyers and may not get you the highest price. If you get no bids, you'll incur a no-sale fee. Reserve auctions allow you to decide if you want to accept the winning bid or not. You set a minimum price that you are willing to accept and don't have to sell if the highest bid does not meet or exceed that amount.

However, because the reserve is not known to the bidders, many don't bother with these auctions. They do not want to jump through a bunch of hoops and bid only to find that the seller wants more than the property's market value. And if you don't sell, there's the no-sale charge. Next, you'll need to hire your auctioneer or auction site. How to choose an auctioneer for your home First, you want an auctioneer or site that specializes in your sort of auction.

You'll want to ask all potential candidates the same questions: How long have you been in the business? What is your specialty? How will you market my property? How do you qualify bidders? What is the process for accepting bids? What is the pre-sale marketing period? How long will it take to close the deal after the sale? Related: When to Drop Your Home's Price Know who pays what in a home auction Understand what you'll be paying before committing to a sale.

Compare mortgage offers now Print page. Recommended Reading. Can't Move? Best Home Renovations in Add to Homescreen? Install this web app on your phone :tap and then Add to homescreen. It can be much cheaper to sell by auction than with an estate agency.

The only other cost you are required to pay is your legal fees to your solicitor directly; something you would be required to do with any type of property sale. At the point of instruction you will agree a guide price, at which we will market your property, and a reserve price, which is the minimum price for which we will sell your property. This is your security as a seller and it means that you will not achieve less than you need to for your sale. The auction process is a secure one, with contracts exchanged or a reservation agreement made, upon the acceptance of an offer.

To request a free no obligation property appraisal click here. Read more. To book a viewing simply complete the form below. The property is available to view on the following dates:. When you have read the below sections, the Submit button will appear at the bottom of the form for you to complete your entry.

SDL Property Auctions only collects basic personal data about you which does not include any special types of information or location-based information.

For more information on which businesses form part of SDL Group, please visit our website: sdlgroup. We may share your personal data within the Group in order to be able to provide you with information about related services we offer that may be of interest to you. We process your data in this way on the basis of our legitimate interests in providing the best possible customer service and support and promoting our range of services.

Having actively expressed your interest in our services, we would like to make you aware of directly related services that we offer that you may also be interested in. You have the right to object to processing of your personal data at any time. To do this, please contact dataprotection sdlauctions. We will store your data for six years, after which it will be securely destroyed. If you would no longer like us to process your data at any time, you have the right to object to processing of your data.

Please contact dataprotection sdlauctions. You have the right to object to the processing of your data. You also have the right to request access to your data at any time. If you wish to raise a complaint on how we have handled your personal data, you can contact us to have the matter investigated at dataprotection sdlauctions. My Favourites. Call enquiries sdlauctions. Register to bid in our upcoming National Property Auction here. Do Spend time considering which auctioneer to use There are lots of auctioneers around, some of which are dedicated auction houses and some of which are auction departments within an estate agent.

Get a free auction appraisal You may not have yet considered an auction sale. Let the auctioneer do the work for you Once you have instructed us to sell your property, you can then relax and let us take the strain. Enjoy the security Not only can you feel secure in the knowledge that once the gavel falls on the successful bid, the buyer is committed and cannot pull out of the sale, you can also relax knowing that only a few weeks later you will receive the money in your bank.

Worry about viewings We will carry out the group viewings for you with one of our accompanied viewers. Worry about fall throughs The auction process is a secure one, with contracts exchanged or a reservation agreement made, upon the acceptance of an offer. Auction Advice. A step by step guide to carrying out a telephone bid Read more. A step by step guide to carrying out an internet bid Read more.

A step by step guide to carrying out a proxy bid Read more. A guide to… viewings Read more.