Why Sell Your Property Through the Modern Method of Auction?
Selling your home can feel like a balancing act between achieving the best price and securing a reliable buyer. The Modern Method of Auction (MMoA) offers a powerful solution, combining the transparency and speed of a traditional auction with the accessibility and flexibility of private treaty sales. It’s a method designed to open your property to more buyers, reduce fall‑throughs, and help you move forward with confidence.
At Peter Alan, we’re proud to offer the Modern Method of Auction as a smart, secure way to sell your property and here’s why it could be the perfect fit for you.
What Is the Modern Method of Auction?
The Modern Method of Auction blends the best aspects of traditional auctions and private treaty. The key difference from a traditional auction is the timescale: instead of exchanging contracts immediately, buyers have 56 days to exchange and complete after the auction ends.
This extended timeframe allows a much wider pool of buyers to get involved including mortgage buyers and first‑time buyers, not just cash investors.
MMoA at a Glance
- 56 days to exchange and complete
- Attracts first‑time buyers, mortgage buyers, and investors
- Quick but flexible timescales
- Greater certainty through a Reservation Fee and Reservation Agreement
- Lower fall‑through rate compared to private treaty
The Key Benefits of Selling Through the Modern Method of Auction
1. Faster Completion Than Private Treaty
With private treaty sales often facing delays and unpredictability, MMoA provides a structured timeline.
Buyers commit to completing within 56 days, helping you move to the next chapter sooner.
2. Optimised Market Exposure
MMoA uses an attractive starting bid to generate interest, encouraging multiple buyers to compete.
This competitive environment can help drive up the final sale price, ensuring you achieve true market value or more.
3. 0% Commission for the Seller*
As a vendor, you’ll pay no estate agency fees. This makes MMoA a cost‑effective option without compromising on results.
4. Additional Security and Reduced Fall‑Through Risk
One of the biggest frustrations in private treaty sales is deals falling through something that happens in around 30% of cases.
With MMoA, the risk drops dramatically to less than 3%.
This is because:
- Buyers pay a non‑refundable Reservation Fee
- They sign a Reservation Agreement, committing them to the purchase
This added security gives peace of mind to both buyers and sellers and ensures the sale progresses smoothly.
Why Sellers Choose MMoA with Peter Alan
The Modern Method of Auction gives sellers the perfect blend of security, speed, and flexibility. Whether you’re looking for a quick sale, a strong market price, or a more reliable buyer, MMoA provides a modern, effective route to selling without the stress and uncertainty of traditional methods.
For more information on MMoA click here.
*Where the buyer pays the reservation fee they may consider this within the purchase price.
