BUYER’S PREMIUM AUCTION

SALE BY OPEN MARKET

Put your house on the market without paying any selling fees. Whether or not your house sells – you pay no sellers fees. You can even enter it in the following month’s auction for no fee.

When you sell your property, you are liable to pay your estate agent the fees you have contracted for.

Immediate exchange of contacts

No guarantee that the sale will get this far

Cash purchase / funding in place - minimum 5% deposit paid at Auction

Purchaser still has to raise sufficient funds / deposit.

Not subject to contract.

Sale is often subject to survey, mortgage approval, purchasers own sale etc.

Best price achieved through competitive bidding.

Single bidder will dedicate the sale price.

Market exposure - many auctions attract 100's of potential buyers and you have access to our database of interested buyers.

No guarantee that the property has been exposed to the whole market.

Fixed completion date.

No definite completion date even once a sale is agreed.

Quick sale - without compromising sale price.

Open ended marketing period that may not lead to a sale.

No uncertainty about completion.

30% of private treaty sales fail to complete

Auctioneers spend heavily on traditional & on-line marketing.

Many estate agents limit their marketing to a very local area.

Auctioneers data bases often contain 1,000s of potential buyers.

Estate agents usually have limited mailing lists.