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Selling your house fast

Through the modern method of auction, Reeds Rains can sell your house quickly at its maximum value and for 0% agency fees.

Selling your property by auction might sound old-fashioned and specialised but through its eBay style approach, our modern method allows potential buyers to bid on your property at the click of a button, giving you a good chance at getting the best price for your home.

Sold in just 2 days, for £33,000 over the Reserve Price after 47 bids.

Kingsmere, Chester-le-Street, County Durham

  • 18 Viewings
  • 47 Bids
  • Sold for £133,000
  • 2 Days to Sell

Find out more

Sell by the modern method of auction

Why sell your house online using the modern method of auction?

0% Commission

Maximum Exposure

The pricing strategy that we employ creates increased levels of interest and viewings that heighten the chances of selling your property fast.

Security

No Selling Fees

It is 0% commission so you don’t have to pay an estate agency fee. There is a small fee for an EPC (if required) and for an auction pack.

Speed

Fast sale

Fixed time scales for exchange and completion provide clarity for both parties and guarantees a speedy sale. The added security of a paid Reservation Fee is also a big benefit to most sellers looking to move forward with certainty.

Maximise Interest

Maximum Value

Due to the increased marketing and unique pricing strategy that we operate, we guaranteed to get you the fairest price in the current market. A property will always sell for what its’ worth, plus you have a reserve price so you know it won’t sell for anything less than the figure you’re happy with.

A step by step guide to how it works

Step 1

Let’s start at home

We’ll discuss and agree an undisclosed Reserve Price (the price your property will not sell for any less than) and a Starting Bid (the price that the property is marketed to generate interest).

Step 2

Preparation

We prepare all property details, take photographs and arrange the EPC, if required.

Step 3

The Auction Pack

The team will begin preparing the Auction Pack including all legal documentation (standard disbursement is £125 - £160).

Step 4

Pre-Auction Marketing

We begin to advertise your property whilst the Auction Pack is being prepared, to generate as much exposure, interest and viewings as possible.

Step 5

Ready, set, go!

After 14-21 days, an end date and time is set on your bespoke auction and your property goes ‘live’, meaning bids can be made via the online or room auction.

Step 6

Bidding

All prospective bidders must download the Auction Pack and accept the terms before bidding. Bids can be viewed and made in real time, 24/7.

Step 7

Once the auction ends...

Your property will sell to the highest bidder (on or above reserve) who must pay their reservation fee to meet the terms of the sale and secure the property.

Step 4

Completion

This will take on average 28-56 days. You keep the full price achieved on your property with no estate agency fees to pay!

Selling your house online

To get started with selling your property online, book a valuation and we will then advise you on the best option to take to sell your home.

Whether that is selling online by the modern method of auction at 0% agency fees or the more traditional process at variable fees, Reeds Rains will be with you every step of the way to get you the best possible price for your property.

Check our frequently asked questions to find out more about the process of selling online through auction. 

Talk to us about the best option for you

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Frequently Asked Questions about selling property by auction

Is my property going to sell?

There are two components needed to maximise the chances of selling through auction; a motivated and realistic seller, and secondly, great marketing exposure. Our marketing strategy will guarantee you the fairest price in the current market for your property. If you decide to explore the auction route further, a member of our Auction Department will discuss the most effective pricing strategy to maximise interest on your property.

Do I have to accept the highest bid?

No, all properties are sold with an undisclosed minimum reserve price (agreed with the seller). The only price the public sees is the starting and actual bids; the reserve price remains confidential. Once the reserve price has been met and the auction is closed the sale will proceed. A Reservation Fee/Deposit is then taken. If you choose to pay no sales fees, the Reservation Fee will not form part payment of the purchase price but will be paid in addition to cover the costs of the process.

Can I accept bids outside the auction process?

Yes. You can accept a bid to sell the property before the auction has finished. By law we are duty bound to put any offer forward to you. It will then be up to you to decide if you want to consider the offer and take the property out of the auction early.

How quickly will I have to move out?

Depending on which auction option you select this can be decided by you but will generally be between 28 – 56 days.

If the prospective buyer does not agree to pay the fee, will I lose my offer?

The law requires that any offer made to purchase your property must be passed on by the agent unless you have said that offers of a particular type are not to be advised to you. If the prospective buyer does not agree to pay the fee, the agent should advise you accordingly and seek your instructions.

If the buyer then refuses to pay, will I have to meet the agent’s fee?

This will depend on the specifics of your individual contract(s) with the agent. The agent should explain this clearly to you before you sign anything. The buyer has entered into an agreement to pay the fee so it is for the agent to pursue the buyer, but the agent must make clear to you what will happen in such circumstances