Selling a property at auction is efficient, transparent, and certain.
Estate agents have a range of options available to them for selling a property. Choosing the right one can have a huge impact on the price achieved, the satisfaction of buyers and sellers with the process, and the reputation of the agent.
A tailored approach to picking the best method in each individual case can pay big dividends, both financially and reputationally. This is especially the case where a property is going to attract lots of interest.
In 2022, 28,514 properties in the UK were sold via auction which was just 2.5 per cent of all property sales. This is possibly down to a lack of education within the estate agency industry because a potential 97.5 per cent of property sellers could benefit from what an auction sale brings.
There’s a number of reasons why offering property auctions as an option for selling is beneficial to you and your sellers.
- Unlike traditional sales, selling at auction offers a high degree of certaintyas contracts are exchanged on the auction day.
- It’s efficient. Instruction to exchange of contracts is achieved in as little as 4-6 weeks with the security of a 10% deposit, compared to traditional sales of 8-12 weeks with no guarantee of exchange.
- All buyers bid publicly at auction in real time providing the highest level of transparency and market competition.
With over 20 years of property auctions experience and our monthly online property auctions, be sure to visit the First for Auctions stand at the EA Masters to discuss how we can work together.
Our Delegate Reward exclusively for EA Masters attendees
Selling by auction is quick and reliable, offering a secure revenue stream for agents while providing sellers with a fast sale. For your first sale, you will receive 100% of the fee generated, normally 3% of the sale price inc VAT or a minimum of £6,000 inc VAT.