Guide to selling at auction
Selling a property at auction is a great way to get a quick and efficient sale at a competitive price. With The Auction Department, it is as simple as the six easy steps highlighted below:
Valuation
The first step in selling a property at auction is to have it appraised by an Auction Department professional. They will provide you with a detailed report on the property’s value and any potential issues that may affect its sale.
Contact us now at sales@auctiondepartment.com for a free no obligation valuation or complete our Valuation Form Here
Cataloguing
Once your property has been valued and you have agreed to sell it, the lot will be entered into the next auction. This includes taking professional photographs, creating a detailed description, and setting a reserve price.
Advertising
The Auction Department will advertise your property to potential buyers. This includes listing it on their websites and advertising in print as part of the auction catalogue, promoting it through property portals such as Rightmove and Zoopla and through our email marketing, where we have a database of over 90,000 interested parties.
Viewings
Potential buyers will have the opportunity to view the property before the auction. The teams will arrange and manage all the viewings and provide feedback to the seller concerning the level of interest.
The Auction
On the day of the Livestream auction, the property will be sold to the highest bidder (subject to meeting the reserve price). Our auctioneer Tim will conduct the auction and take bids from potential buyers. The bidding will start at a reserve price you set and continue until the highest bid is reached.
Completion
If your property sells at auction, the buyer must pay a deposit on the auction day. The remaining balance will be due within 28 days. Once the balance has been paid, the property will be transferred to the new owner.
