Are you looking to sell your property quickly and easily? There are many benefits to selling your property at auction including a faster exchange, reduced risk of the sale falling through, higher prices and much more. Killens have now launched a simple and exciting online property auction system through Bamboo auctions that can achieve great results.
So how does it work...
Well, the system allows registered bidders to place bids on a property during a period of marketing, normally 30 days, without the pressure of the auction room. Potential buyers can see the bids being placed and get an email when outbid encouraging them to bid again. At the end of the auction, buyers are automatically charged a deposit or reservation fee and are obliged to complete the purchase 28 days later. The system is really straight-forward!
And the cost….for offering your property we will charge as little as £350 including VAT.
If you are thinking about selling your property at auction, contact us to arrange a free market appraisal. Our expert valuers will provide you with professional valuation and marketing advice.
In marketing your property, we will undertake intense marketing with access to a large national database of investors from across the UK and abroad who will be emailed property details as well as advertising in the local press and promotion on all the main property portals including Rightmove., Zoopla, On The Market and Primelocation.
"Easy to use. Refreshes page quickly. Auto emails when outbid. Can't ask for more really!"
"Bidding is very easy and it is very clear if you are the one in front or not. You get a message straight away if someone has out bid you. I felt confident that the system was working properly and that I had not been out bid and did not know it. If you are selling then you should know that from half an hour before the end of the auction till the property was sold NINE different people were bidding. This is a very high number, many more than in a normal auction room"
So why sell by online auction….
As little as 8 weeks from instruction to completion
Auction can provide the fastest route to achieving a sale. A legally binding contract between the buyer and the seller is formed upon the fall of the gavel. The majority of sales complete within the following 28 days. If you want a quick sale, then you should consider selling at auction.
Achieving higher prices
Competitive bidding during the short selling window can lead to properties selling for much more than expected because purchasers have less time to negotiate. In past auctions lots have sold for in excess of £100,000 over their guide price. And, as vendors set the minimum value we are allowed to sell at, there is no risk. With bidders seeing the bidding, they are encouraged to bid again!
Auction properties benefit from broader, more intense marketing which is essential for maximising exposure and interest throughout the short selling period.
Reduced risk of sale falling through
Buyers are legally bound to pay a 10% deposit immediately upon the closure of the auction or enter into a reservation agreement. The fast pace of the transaction and the requirement of a deposit reduces the opportunities for gazumping and vendors withdrawing so fewer sales fall through in comparison to estate agency methods.
You can plan ahead
Property auctions allow you to identify a date by which a property might be sold thus enabling you to successfully plan ahead. If you have found your next property but need to sell before you can complete, you need to act quickly and selling at auction is probably the quickest way to achieve this. By delaying you run the risk of waiting too long for a buyer to come along and during this time you could well lose out on your new purchase.
Call us now for a free appraisal of your property!!