Changing the perception of auction
Auction offers a clear path, where interested buyers compete for your property, helping you secure the best price within a set timeframe. No back-and-forth negotiations, no last-minute surprises. It’s a straightforward, transparent process with a firm completion date, giving you both speed and certainty.
Speak to our teamModern Method of Auction
The Modern Method of Auction (MMoA) offers a transparent, efficient process, combining traditional auction speed with Private Treaty flexibility, ensuring exchange and completion within 56 days.
This method offers quick but more flexible timescales of 56 days from receipt of draft contract to completion.
The more flexible timescales allow interest from first-time and mortgage buyers as well as investors.
You have security as the buyer commits to purchase by paying a non-refundable Reservation Fee and signing a Reservation Agreement.
Understanding the auction process
Auctioning your property is a great option for a fast and secure sale. The process may seem complex, but with our expert guidance and the simple steps below, your auction journey will be smooth, efficient, and stress-free.
Our experts answer your questions
If you have any more questions or need further details, feel free to explore our guides or reach out to our team.
It’s essential to do your research on the property and comparable sales in the area. Consider your budget and any additional fees, such as the Reservation Fee. We also provide insights and guidance to help you determine a competitive bid.
If you win, you’ll need to pay a Reservation Fee within a specified time frame, typically 2 hours after the auction closes. You’ll also have a set period (28 or 56 days) to complete the purchase, so ensure your financing is ready and your solicitor is instructed.
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