The property is brought to the auction market on a sole agency basis. Sellers who have an existing sale agreement with an agent need to terminate their agreement with the agent prior to commencement of the marketing for auction.
A solicitor will be instructed to prepare the necessary paperwork to bring the property to auction. This is done at the point of entering into an agreement and upon receipt of a marketing fee.
Sellers can either conduct their own viewings or for vacant properties we will be more than happy to conduct viewings on behalf of a seller.
The property will be included on the interactive website "mustbesold.com" as well as being marketed through Rightmove.co.uk, Findaproperty.com, associated web portals and local press. A board will be erected and regular updates will be provided.
A reserve price can be set prior to conclusion of the auction and can be based upon the interest received in the property during the marketing peiod.
On completion of a succesful auction, the buyer has 48 hours to provide their deposit and be in a position to exchange contracts.