Open House Auctions

Selling property through our auction couldn’t be easier

Selling property through one of our auctions couldn’t be easier with no estate agency fees to pay and the deposit paid by the buyer, securing the sale.

The majority of our properties are offered for sale via the Modern Method of Auctions. This is not to be confused with the Traditional Method, where a legal exchange of contracts is required immediately after the auctions end. Our auctions are a more client-friendly process, still based around a fixed timescale but allowing longer periods for exchange and completion to further accommodate the residential buyer and seller.

Modern Method

  • Reservation fee paid within 2 hrs of an auctions completion (this is a reservation fee and does not form part-payment of the final selling price).
  • 28 days for exchange of contracts.
  • 28 days for completion of contracts.
  • A more client friendly process allowing time for buying with finance and organising a removal van.

Traditional Method

  • 10% paid immediately after auctions.
  • Immediate exchange of contracts.
  • 14-28 days of completion of contracts.
  • A process more appropriate for commercial investments or repossession stock.

Modern Method Vs Traditional Method

We offer both ‘Traditional Auctions’ and ‘The Modern Method of Auctions’.

ModernTraditional
Can anyone buy through auction?YesNo
Can a property be bought with a mortgage?YesIncreased Risk
How long can it take to complete?56 days28 Days
What market is this kind of auction aimed at?EveryoneInvestment
How much will the property sell for?Market ValueUnder Value
Will this method limit buyers?NoYes
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