For some sellers, their initial reaction to auction is - “that’s only for desperate people” or “I’m not giving my house away” or “that’s only for run down properties.” The truth is that auction offers a secure method of selling a property, providing a platform for exposure whilst you retain control of the process.
All properties are sold subject to a reserve price. Your property won’t sell for less than your agreed amount meaning you are in control of the price you accept.
Our auction department has over 25 years of auction experience and an expansive partner agent network, we can ensure maximum exposure on a national scale for your property.
Selling your property at auction offers a host of benefits that are not available to you when selling using traditional methods.
A reserve price is agreed on your property, this is the lowest figure you would accept and we cannot sell the property for anything less than that amount.
A starting bid is used to advertise your property. It is set lower than your reserve price to generate interest and viewings. More viewings mean more offers, meaning a better price for you.
Buyers can view the property before the auction date and we encourage them to do so, as on the fall of the hammer they are committed to purchasing your property.
You will be kept updated with feedback from viewings and offers prior to the auction. If you are selling unconditionally our auction legal team will produce a legal pack with all the information a buyer will need to exchange contracts on the fall of the hammer.
The property may be offered at a live auction event or in our fantastic online auction. It will sell for the highest bid on or above the reserve.
The buyer pays a non-refundable deposit and/or reservation fee meaning that they financially committed to purchasing you property within the auction timescales.
We pass their details and the paperwork to your solicitors to complete the transaction.
To request a PDF of our excellent Auction Guide, or if you would like to discuss this option further, please either telephone or send us an email.
"Dear Simon, on behalf of Mrs Taylor and her family a big thank you for all your hard work. Your diligence, patience and constant shepherding of the multiple parties involved has seen the matter through to its positive conclusion. Well done, we were very happy with your services and the amount of time and effort this sale required surely went above what could have been reasonably expected. We would be happy to recommend Coakley & Theaker Estate Agents to anyone thinking of buying or selling a property."
Bury St Edmunds, Suffolk Tel: 01284 769691 or 01449 737706
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