Estate Agents   |   June 21, 2018   |   twentytwo

Selling Your House at Auction: What To Expect

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If you’re looking for a quick and easy sale, selling your house at auction could be the way forward you. Here at Wright Marshall, we are proud to run the Cheshire branch of the nationally acclaimed Auction House franchise, utilising the most expert property auction knowledge in the country. For many, selling a property at auction can seem like a daunting ordeal – so we’ve broken the process down in 5 easy steps…

 

Why Sell at Auction?

There are many reasons why one might choose to sell their property at auction – it’s the ideal option for those who live overseas, vendors looking for a quicker sale, or those looking to sell investment opportunities in need of refurbishment.

 

The First Step

The first step when you’re looking is, of course, getting in touch with our team of experts at Auction House Cheshire at our Northwich offices, and we will then send a member of our team out to take a look at your property and provide a recommended guide price.

 

Show Your Property Off

After that, the process is very similar to selling your home traditionally – we’ll prepare all the relevant paperwork and particulars in order to show off your property at its best. One of the benefits of auction sales is that you do not need to have multiple viewings – so we will organise an Open House viewing. This is the ideal opportunity for potential buyers to explore your property and really get a feel for it, and whether they will then be looking to bid! And there’s no need to worry about attending – a member of our team will lead the viewing and gather feedback for you.

 

Agreeing Your Reserve

As the day approaches, your property will be included in our catalogue to be sent out to interested parties. Approximately two days before the big day, we will work together with you to suggest a reserve price – this is the lowest price that you would be comfortable selling your property for, and we will ensure the property does not sell below this figure.

 

The Auction Day Arrives!

On the day of the auction, our expert auctioneers will use all of their skills to gauge the bidders in the room and get the highest price possible for your property. When the hammer falls, your property is officially sold and contracts are exchanged! Following the official auction room sale, the legal processes are again similar – your own solicitors will handle the remainder of the sale and completion will take place 28 days after exchange. All you need to do now is make sure your property is vacant and arrange the handover of the keys!

 

So, selling your house at auction really couldn’t be easier! For a quick and hassle-free sale, why not get in touch with our Auction House Cheshire team to see if your property could be sold under the hammer?

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