We operate traditional ‘Unconditional’ property auctions. This means that on the fall of the hammer the winning bidder pays a 10% deposit (subject to a minimum of £4,200) and exchanges contracts immediately. The buyer is then legally bound to purchase and the seller is legally bound to sell. Completion must then happens within 28 days of the auction.
We operate a strict no sale – no fee policy and there are no upfront or auction entry costs, no tie-in periods and no withdrawal fees.
This eliminates all risk for the seller and further security is provided by a ‘reserve’ price, which ensures a property cannot be sold below a certain amount at auction.