Your Guide to Selling Through Auction

Selling your property through auction can offer a secure and efficient way to handle property transactions, making it an increasingly popular method of sale. Whether you're dealing with a vacant property which is draining resources, or managing an inheritance, or navigating the end of a relationship, auctioning can provide a quick and reliable solution. At Pattinson Estate Agency, we often recommend this method of sale, and tailor our approach specifically for each unique circumstance, as opposed to the property type or value.

Unlike traditional sales, where there is over a 33% chance of buyers pulling out and sending sellers back to square one, auction sales are far more secure. With property auction, the buyer is committed, often having their mortgage or cash ready to go, so there is only a very small chance that the sale will fall through. Once the auction ends, the winning bidder becomes the buyer, and typically pays a deposit. Contracts are then exchanged immediately, ensuring both sellers and buyers are not left in limbo.

Completion can happen in as little as four weeks, though this timeline can be adjusted to suit each individual and their circumstances. Additionally, with the transparent bidding process, competition can drive up the price, benefiting you as the seller.

If you're ready to explore secure selling through auction, feel free to contact our auction team today to discuss your options. Property auctions are now faster, safer, and can be tailored to your needs. This is not 'Homes under the Hammer'!