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