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Why Auction?
Usually, property sellers tend to market their property via conventional methods; however, selling property via private treaty frequently involves:
- A lengthy process.
- No firm commitment from a buyer.
- A high risk of the sale falling through.
- Re-negotiation of price after the sale is agreed.
We created our Auction Solution to eliminate these traditional pitfalls, which quickly exchanges your property for the maximum price in today’s market and 0% Sales Fee.
Our Auction Department has almost 30 years of experience selling property across the UK, accumulating over 6.5 million page views per year via our Online Bidding Platform. Along with instant property feeds to all leading property portals, we guarantee your property receives maximum exposure to attract as many potential buyers as possible.
Our experienced team will oversee the transaction right through to completion. At the same time, you remain in control of any significant decisions, ensuring you feel supported at every step of your property journey.
Auction properties come in all shapes, styles, and values. It’s a common misconception that only run-down and distressed properties sell at auction; however, this is not the case. We’ve successfully sold properties all over the UK, ranging from detached family homes to stylish loft-style apartments via our tried and trusted Auction Solution.
How Does a Property Auction Work?
We will enter your property into a unique auction cycle with a fixed end date. Together, we agree on an attractive Starting Bid to market your property and an undisclosed Reserve Price. Once agreed, marketing of your property begins immediately via our Online Bidding Platform and all leading property portals.
Starting Bid
This price is set lower than your reserve price to generate as much interest as possible.
Reserve Price
A minimum price you are seeking to achieve. Your property is not sold for anything less than this amount – unless under your express permission. Only you and the Auction Department are aware of what the Reserve Price is.
Auction Date
Your property will sell for the highest bid at auction end, but only if the offer meets or exceeds your preagreed Reserve Price.
Viewings
We encourage interested parties to view the Video Tour of your property in the first instance, where possible, to maximise the number of potential viewers to your property. We’ll only arrange a physical viewing for proceedable buyers, to eliminate time-wasting.
Legal Pack
Our legal team partners will produce a legal pack at no upfront cost allowing buyers to carry out their due care and diligence before placing an offer. The legal pack allows all parties to facilitate an exchange of contracts as soon as there is an acceptable offer.
Commercial Property
There are more variables to consider when selling a commercial property, whether a business is currently operating from the premises, or not. Our expert team are there to guide you through the process, from preparation to completion. As members of RICS (Royal Institute for Chartered Surveyors), we have a qualified team dedicated to overseeing the sale of your commercial property is as hassle-free as possible.
What Are the Benefits?
We will sell your property with 0% Sales Fee, meaning you keep all of your sales proceeds. There are no upfront costs to list your property, and we have partnered with solicitors who can provide you with a legal pack on a No Sale, No Fee basis. Therefore, you will only have solicitor costs to cover when your property sells.
0% Sales Fee
You can sell your property with absolutely no estate agency fees to pay!
Control Over the Price
Your property does not sell for less than you allow.
Complete Transparency of Sale
All bids on your property are visible via our Online Bidding Platform enabling interested parties to place offers anywhere, anytime. Enabling us to drive up the sale price as buyers bid against one another.
A Committed Buyer
Your buyer is obligated to pay non-refundable fees once you accept their offer. They are then financially committed to purchasing your property at the agreed price, ensuring you a secure sale. The fees we collect from the buyer allow us to give you the full auction advertising and marketing without any cost to you.
A Timeline Which Suits You
Your property sells quickly. The buyer must complete within timescales of 28 or 56 days, or a lengthier completion if more agreeable.
How we can help you?
Contact MCR Open House today — our team will guide you with the best solutions.
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0161 576 8177
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Open House Estate Agents reduce the cost of selling or letting your home without reducing the quality of your local agent.
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