Selling at auction: The next steps
What our clients say
Frequently asked questions
Most property auctions lead to full completion within 28 days of the date of the auction. Most properties are entered into auctions 4 – 6 weeks before the auction day. This means your property can be entered into auction and fully sold within 8 – 9 weeks in total. This is different to estate agents where on average, sales can take 6 months or more.
Yes, of course. As a standard part of our service, your property will be marketed extensively.
Your property will be listed on:
- Auction House
- Rightmove
- Zoopla
Also as standard, we’ll do the following:
- Internal and external photographs
- Floor plans
- Virtual tours
Not at all! If your property is suitable for auction, you should expect to sell it at the same or higher price than you would achieve through an estate agent.
Properties can sell at auction for higher prices for a few reasons:
– Competitive bidding can drive the sale price up fast
– Auction House’s extensive marketing of the property can build up a large base of interested buyers
Yes, this is called the reserve price. Your property will be offered subject to this reserve price, and it is kept confidential between the seller and auction team.
Your property will never sell for less than this reserve price.
Yes, you can sell your tenanted property at auction.
If you are a landlord with a portfolio or a single investment property, selling with tenants in situ allows you to avoid the hassle of evictions and keep generating rental income until the day of completion.
Whether you’re looking to offload one or multiple properties, we recommend talking to our local auction team. They’re experienced in selling both tenanted and vacant properties, so can advise what you could achieve in either case.
Yes, you will need to appoint a solicitor as soon as you enter your property into an auction.
It is advisable to choose a solicitor who has experience with property auctions as specialist expertise is required.
About Auction House
We sell residential and commercial property and land, primarily through the traditional method of auction.
Our traditional auctions are popular as they offer certainty of sale for the buyer and seller, whereby contracts exchange unconditionally on the fall of the gavel.
Despite being a nationwide brand, we pride ourselves on maintaining a regional presence. With local, knowledgeable teams across the country, Auction House provides a truly personalised service.
Above all else, the most valuable service we offer to all our clients is free advice. Our team members are experts in property auctions and passionate about sharing their expertise.
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Contact Auction House
Cringleford Business Centre, Intwood Road, Cringleford, Norwich, Norfolk, NR4 6AU
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Price Information
*Guides are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. These include and are not limited to administration charges and buyer’s premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
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