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How To Sell A Property By Online Auction

At auctionmove.co.uk we believe that online property auctions can simplify the process of selling a house or other real estate asset whether you're a domestic seller looking to make a move or an investor looking for a return on their investment.

The Seller Administration fee is £149 plus VAT.  There are no hidden costs or commissions over and above this fee.

GETTING STARTED

The first step is to contact auctionmove.co.uk and register your interest as a potential property or real estate seller.  Whether you are acting for yourself or for someone else; if you are an estate agent, a solicitor or other third party, you can register your interest at auctionmove.co.uk.

Once registered an auctionmove.co.uk representative will be in touch to verify any details and talk you through the process of getting the lot onto the website.

At this point, your house will be up for auction and potential buyers will be informed and targeted.

THE AUCTION

 The auction will be open and live online for four weeks and a sales board will be provided for your property and potential bidders may come to view the property at an agreed time.

Throughout the auction process, you and bidders will be notified of any bids currently taking place.

Once the final bid has been taken, you will receive an email regarding the bidder and the final price reached.

 AFTER THE AUCTION

 Providing that the reserve price has been met or exceeded, auctionmove.co.uk will sign the sale memorandum on your behalf and retrieve the buyer’s solicitor’s details and signature. 

The deposit monies will be collected from the buyer and placed into the secure auctionmove.co.uk HSBC client holding account ready to be passed onto your chosen solicitor; along with the signed and completed memorandum of sale.

Contracts will then be completed within 28 days or less.

WHAT IF THERE IS NO SALE?

 Should the reserve price not be met, you will have the opportunity to leave the property on the site for a further period of time (at no exrta cost), to be previously discussed and agreed with an auctionmove.co.uk representative in order to create more interest. You also have the option of negotiating with unsuccessful bidders via an auctionmove.co.uk representaive.