Looking for a quick and simple way to sell your home? The modern method of auction could be the perfect solution.

There are many reasons why you might need to sell your home more quickly, perhaps you need a speedy sale to secure an onward purchase or for some immediate financial security. Whatever your situation, if time is of the essence, then selling your property through a modern auction could offer the perfect solution. HOP has partnered with a leading auction house to deliver an efficient and stress-free service.

Why sell at auction?

It’s a common misconception that only run-down and distressed properties sell at auction. Auction properties come in all shapes, styles and values – anyone can take advantage of this convenient and cost effective way to sell.

Speed
Typically, it takes just 6 to 10 weeks to complete the sale. So, if you are looking to sell a property quickly, this is a great way of making it happen. Any buyer can purchase an auction property. There is no limit to the type of buyer your property is accessible to, from first time buyers with a mortgage to cash buyers.

Cost
With 0% fees to pay, selling at auction offers a cost effective way to sell your property, compared to more traditional methods, which may cost anywhere between 1% to 3% of the final sales price.

Security
While sellers pay no fees at all, the buyer pays upfront costs that ensure they are committed to the sale, thereby reducing the chance of it falling through before completion.

A stress-free sale

Selling your property via an auction, gives you the opportunity to avoid some of the common pitfalls and stressors that can be associated with selling homes. Selling through conventional methods, such as private treaty,  can frequently involve:

  • A lengthy process
  • No firm commitment from a buyer
  • A higher risk of sale falling through
  • No firm date for completion
  • Re-negotiation of price after sale is agreed

Our Auction Solution eliminates these traditional pitfalls, quickly exchanging your property at a maximum price in today’s market. All at a 0% sales fee!

To discuss selling your property at auction, speak to our friendly sales team on 0113 322 9533

The benefits of a property auction

Sell Your Home for Free: You keep all of your proceeds, there are no upfront costs and absolutely no estate agent fees to pay.

Control Over Price: Your property does not sell for less than you allow.

Complete Transparency: All bids on your property are visible on an Online Bidding Platform, enabling interested parties to place offers anywhere, anytime. This allows the price to be driven up as buyers bid against one another.

Committed Buyer: Your buyer is obligated to pay a non-refundable fee once you accept their offer. They are then financially committed to purchasing your house at the agreed price. As a result, only 1% of auction sales fall through, compared with 30% of private treaty sales in the UK.

A Timeline to Suit You: Your property sells quickly and your buyer must complete within timescales of 28days or 56days (or lengthier if agreed).

How it works

Many people think auctions still take place in a dark room with a man and a hammer. However, times have changed and the new method of auction is a much more modern and transparent route to selling your home.

Just like traditional methods, we will first come out to your property to carry out a valuation and also collate all marketing material, including professionally edited photography and floorplan.

Once we have agreed on an attractive Starting Bid and an undisclosed Reserve Price, your property will be advertised online on all leading property portals, including Rightmove.

Not only is this service FREE to you, the seller, but it’s also quick and easy too!

The auction process

Starting Bid: This price is set lower than your reserve, to generate as much interest as possible.

Reserve Price: This is the minimum price you hope to achieve. Your property is not sold for any less than this. Only you and the auction department are aware of what this figure is.

Auction Date: Your property will sell for the highest bid at auction end (but only if it exceeds your reserve price). Often the highest bid will be even higher. Remember – the buyer is obligated to pay a non-refundable fee to secure your property. You have no fees to pay.

Viewings: Viewings will be carried out on agreed dates and only proceedable buyers will be given the opportunity to view, to avoid time-wasting.

Legal Pack: Our legal team partner will produce a legal pack at no upfront cost, allowing buyers to carry out their due diligence before placing an offer. This allows all parties to facilitate an exchange of contract as soon as there is an acceptable offer.

We recently sold this 3 bedroom detached property in Horsforth at auction, which went for 8% over our original listing price.  Not only was the sale completed quickly, but the sellers received a better price that they had hoped for with a traditional listing.

Want to find out more about our auction services?
Drop us a message and we’ll put you in touch with our auction partner.

Customer reviews

  • 4.5/5
Independent Service Rating based on 568 verified reviews.

Polite and friendly

Anonymous

“Jon Vickers is Great”

Jon Vickers has been a pleasure to deal with throughout the purchase of our first home. He’s always been quick…

Ben Fletcher

“Excellent”

Very reliable professional service, Jon is a lovely young man, always willing to help.

Karen Oliver

“Their person-ability is what sets them apart from other estate agents :)”

They are a fabulous agents to use. Personal service, friendly and approachable, laid back but efficient approach. Super pleased with…

Gemma Brier

“Great Customer Service”

The people in the office were very informative and even checked up on a specific question before the actual viewing…

Anonymous

Very good service and very flexible for viewings. Thanks

Anonymous

“Excellent service would recommend”

I found very good . Would definitely recommend . Will use again .

Hilary Davenport

“Good”

The representative is prudent and accountable, he confirms me the viewing slot by email and calls me for the feedback…

Kain Lau

“Helpful and efficient service.”

Great, friendly service. Good communication and helped find other properties to look at that fitted my criteria.

Anonymous

“Recommended✅”

We had a good experience with Hop. The agent (Joe) was very helpful and nice, he did his job well…

Anjali Saini

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