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.