Why Auction?
Benefits of selling property at auction
Certainty of sale
At the fall of the gavel a legally binding contract is formed between you and the successful bidder. This means they can’t change their mind without financial and legal penalties. The buyer has to put down 10% deposit on auction day and pay the remaining 90% within 20 days.
Speed
A lot of people who decide to sell at auction do so because of how much faster the process is. Once your property has sold at auction, contracts are exchanged immediately, with completion taking place over the following four weeks. This makes auction a great option if you need to sell fast.
Transparency
As much as it is a benefit for potential buyers, having a transparent bidding process is advantageous for the seller too, as the best possible price is achieved in open competition. The seller is also able to see the interest in their property, who is bidding, and how much.
Access to a wide range of buyers
One of the top benefits of auctioning a property for sellers is immediate access to a wide range of buyers thanks to Allsop’s wide database of buyers constantly on the lookout for opportunities. If there’s strong interest in your property, then a ‘bidding war’ may see you get a much higher price than expected.
Multiple disposals
If you have more than one property that you’re looking to sell, you can list multiple properties in an auction and see them sold on the same day or they can be spread over several auctions to achieve the seller’s objectives.
Marketing
Whether it’s listing properties on major property search portals, using targeted and direct marketing or running advertising campaigns, Allsop will promote your property ahead of auction across multiple channels.
We have an extensive database of buyers both nationally and internationally which extend to over 100,000 subscribers.
Certainty of sale
At the fall of the gavel a legally binding contract is formed between you and the successful bidder. This means they can’t change their mind without financial and legal penalties. The buyer has to put down 10% deposit on auction day and pay the remaining 90% within 20 days.
Speed
A lot of people who decide to sell at auction do so because of how much faster the process is. Once your property has sold at auction, contracts are exchanged immediately, with completion taking place over the following four weeks. This makes auction a great option if you need to sell fast.
Transparency
As much as it is a benefit for potential buyers, having a transparent bidding process is advantageous for the seller too, as the best possible price is achieved in open competition. The seller is also able to see the interest in their property, who is bidding, and how much.
Access to a wide range of buyers
One of the top benefits of auctioning a property for sellers is immediate access to a wide range of buyers thanks to Allsop’s wide database of buyers constantly on the lookout for opportunities. If there’s strong interest in your property, then a ‘bidding war’ may see you get a much higher price than expected.
Multiple disposals
If you have more than one property that you’re looking to sell, you can list multiple properties in an auction and see them sold on the same day or they can be spread over several auctions to achieve the seller’s objectives.
Marketing
Whether it’s listing properties on major property search portals, using targeted and direct marketing or running advertising campaigns, Allsop will promote your property ahead of auction across multiple channels.
We have an extensive database of buyers both nationally and internationally which extend to over 100,000 subscribers.