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Sell your house at auction using the Modern Method of Auction and pay 0% agency fees


Your Move can offer a revolutionary online property auction system which can allow customers to sell their properties quickly, for the maximum market price and without having to pay any agency fees. You can set a minimum reserve price when selling your house by auction, enabling you to be in complete control of the process and log onto the site to see how many watchers and bids your property is receiving.

Recently sold 17%
above
the asking price

49 Coventry Road, Tonbridge, TN10 4QB

Viewings: 34Time to sell: 15 days
Bids: 18Sold: £222,000

Find out more

Sell by the modern method of auction

The key reasons to sell at auction


0% Commission

0% Commission

Vendors pay no estate agency fees and keep the full selling price.

Security

Security

Buyer paid Reservation Fee secures the sale and allows all parties to move forward with confidence.

Speed

Speed

Fixed but realistic time-frames allow for greater interest from a wider variety of buyers. Exchange and completion within a swift 56 days.

Maximise Interest

Maximise Interest

Greater exposure and increased interest results in competitive bidding between prospective buyers which drives up the selling price.


A step by step guide to how it works


Step 1

Let’s start at home

We’ll discuss and agree an undisclosed Reserve Price (the price your property will not sell for any less than) and a Starting Bid (the price that the property is marketed to generate interest).

Step 2

Preparation

Your estate agent will prepare all property details, take photographs and arrange the EPC if required.

Step 3

The Auction Pack

The team will begin preparing the Auction Pack including all legal documentation. The cost for the pack is only payable by you IF your property sells.

Step 4

Pre-Auction Marketing

We begin to advertise your property whilst the Auction Pack is being prepared, to generate as much exposure, interest and viewings as possible.

Step 5

Ready, set, go!

After 14-21 days, an end date and time is set on your bespoke auction and your property goes ‘live’, meaning bids can be made via the online or room auction.

Step 6

Bidding

All prospective bidders must download the Auction Pack and accept the terms before bidding. Bids can be viewed and made in real time, 24/7.

Step 3

Once the auction ends...

When using the modern method of auction the successful buyer is required to pay a Buyers Reservation Fee and sign a Reservation Agreement. The property is then reserved to the buyer. The buyer and seller are then required to unconditionally exchange contracts and complete the transaction within 56 days.

If using the traditional method of auction, contracts are exchanged immediately with completion taking place within the next 28 days. Complete security is provided but this method is more suited to the property professional as it is legally binding.

Step 4

0% agency fees

Our expert Sales Progression team will help to take the sale through to completion, keeping you updated every step of the way.


Sell by the modern method of auction


To start the selling process, book a valuation and we will be able to advise you on the best option to sell your property. Whether that is selling by the modern method of auction at 0% agency fees or the standard process at variable fees, on the valuation you can receive information for both.

Take a look at our frequently asked questions to find out more about the process of selling at auction. 

Talk to us about the best option for you

Book a FREE property valuation to find out more. Start by entering your postcode now...

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Frequently Asked Questions about selling property by auction


Is my property going to sell?

There are two components needed to maximise the chances of selling through auction; a motivated and realistic seller, and secondly, great marketing exposure. Our marketing strategy will guarantee you the fairest price in the current market for your property. If you decide to explore the auction route further, a member of our Auction Department will discuss the most effective pricing strategy to maximise interest on your property.

Do I have to accept the highest bid?

No, all properties are sold with an undisclosed minimum reserve price (agreed with the seller). The only price the public sees is the starting and actual bids; the reserve price remains confidential. Once the reserve price has been met and the auction is closed the sale will proceed. A Reservation Fee/Deposit is then taken. If you choose to pay no sales fees, the Reservation Fee will not form part payment of the purchase price but will be paid in addition to cover the costs of the process.

Can I accept bids outside the auction process?

Yes. You can accept a bid to sell the property before the auction has finished. By law we are duty bound to put any offer forward to you. It will then be up to you to decide if you want to consider the offer and take the property out of the auction early.

How quickly will I have to move out?

Depending on which auction option you select this can be decided by you but will generally be between 28 – 56 days.

If the prospective buyer does not agree to pay the fee, will I lose my offer?

The law requires that any offer made to purchase your property must be passed on by the agent unless you have said that offers of a particular type are not to be advised to you. If the prospective buyer does not agree to pay the fee, the agent should advise you accordingly and seek your instructions.

If the buyer then refuses to pay, will I have to meet the agent’s fee?

This will depend on the specifics of your individual contract(s) with the agent. The agent should explain this clearly to you before you sign anything. The buyer has entered into an agreement to pay the fee so it is for the agent to pursue the buyer, but the agent must make clear to you what will happen in such circumstances