Dispelling the myths about auctions
At Scoffield Stone we know that buying and selling a property is a big decision. We are therefore pleased to offer a complete range of property services so whatever your situation, our friendly team can offer you their honest advice and expertise to guide you through the process.
There are many advantages of selling your property by auction, it's flexible, quick and secure. You can choose the type of auction that best suits your circumstances, set your own timescale and with the purchaser either exchanging contracts or paying a reservation fee to secure the property, you know they are committed to their purchase.
What’s more you can even sell your property for FREE, yes that’s right, we really mean you can sell for NO FEES! We offer 0% commission*, there are no upfront costs to list your property and we can even provide the legal pack on a no sale no fee basis.
The benefits of selling by auction include:
NO SELLING FEES
FIXED COMPLETION DATE
SECURITY OF SALE
MINIMUM RESERVE PRICE
ALL PROPERTY TYPES
NO SALE NO FEE LEGAL PACKS
We work in partnership with SDL Auctions, one of the largest auction businesses in the UK so you know your property is in safe hands. We can sell your property via their online auction or in one of their busy auction rooms, choosing either a conditional or unconditional sale, whichever suits you best.
Unconditional Auctions Also known as the traditional auction method, where the purchaser will exchange contracts on the fall of the gavel and pay a non-refundable 10% deposit. Completion is usually set within 28 days giving you and your purchaser certainly of sale.
Conditional Auctions are considered to be a more flexible auction method. The purchaser pays a reservation fee to secure the property and is granted 56 days to exchange contracts and complete. This more flexible way of selling can give the purchaser longer to obtain funding, therefore potentially attracting more bidders which can result in a higher price being achieved.
Our Online Auctions give you a total flexibility over the sale of your property. You can choose a conditional or unconditional sale, giving you the same benefits of selling in a room auction but allowing you to set a timescale to suit your circumstances. This operates in pretty much the same way as the likes of e-Bay, with interested parties placing their bids from wherever is convenient for them, and bidding against each other to achieve the best price possible at the end of the sale.
In Room Auctions
With over 40 auctions held across the UK each year, there is always an auction not too far away. They are held in prestigious venues and can attract up to 1,300 people. The auctioneers have a wealth of experience and work hard to achieve the best price possible for each property offered.
Please give us a call on 01332 511000 to discuss the benefits and find out more about selling by auction.