Covid-19 Update


In line with the latest government guidance our branches will be open again from Monday 22nd June. We have been working hard over the past few months to develop processes which allow us to continue to help people move whilst maintaining safe Covid-Secure working practices. The way we conduct appointments has changed to ensure the safety of our staff and customers alike. Please visit our Branch Contact page and get in touch if you have a query or to find out more. We look forward to seeing you again soon.

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Auction

Our flexible auction routes

We offer multiple selling options to suit your needs.

Modern Method of Auction (MMoA)

Click here to view all of our current online property auctions

This combines elements of Private Treaty and auction. It provides the speed, transparency and security of a Traditional auction but exchange and completion take place within 56 days of the auction ending. This extended timescale allows more interest as it enables mortgage and first-time buyers to participate. You may have also heard this method referred to as “Conditional” method of auction.

MMoA at a glance

  • This method offers quick, but more flexible timescales of 56 days to complete.
  • The more flexible timescales allow interest from first-time and mortgage buyers as well as investors.
  • You have security as the buyer commits to purchase through paying a non-refundable Reservation Fee and signing a Reservation Agreement.

Please download our Sellers Guideto find out more...

Traditional Method of Auction

Exchange of contracts takes place as soon as the auction ends. The buyer is required to pay a 10% deposit at the point of exchange and must complete within 28 days. This is the most secure and fastest method of sale; however, it can limit interest to cash and investment buyers. You may have also heard this method referred to as “Unconditional” method of auction. 

Traditional Auction at a glance

  • Usually more suited to vacant properties, or those not suitable for mortgage lending.
  • This method gives complete security as exchange takes place at the end of the auction.
  • Fixed timescales of 28 days to complete.

Please visit www.allwalesauction.com for more information

Benefits of Auction

Selling your property has never been easier with our Modern and Traditional methods of auction.

Complete faster

On average, Private Treaty can take over 100 days to complete whereas auction provides fixed exchange and completion dates of between 28 and 56 days. This means you can plan your move more easily.

Optimised exposure

An attractive starting bid increases interest and encourages competitive bidding between prospective buyers, which can help to drive up the final selling price of your property. Intrigued yet? Click here for an instant online valuation for your property.

No sale, no fee

Nothing to pay if your property doesn’t sell. You only pay an Auction Pack fee of between £395 and £445 inc. VAT depending on your circumstances, but only when your property sells.

Additional security

With auction, buyers pay a non-refundable Reservation Fee or deposit to secure the property so all parties can move forward with confidence. 

A Reservation Agreement is also signed by the buyer, committing them to complete the purchase.  This means the risk of fall-through with auction is less than 5%, unlike Private Treaty which has an average fall-through rate of 30%.

Use our FREE Online Valuation tool to get an idea of the value of your property today or contact one of our local branches to find out more!

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