A Practical Guide to the Process, Preparation and Important Decisions
Considering auction, but unsure how it differs from a conventional sale?
This complimentary guide gives homeowners and landlords a clear, seller-led introduction to the auction process, while explaining the decisions and preparation that help buyers bid with confidence.
It covers unconditional and conditional auctions, guide and reserve prices, preparation timescales, the legal pack, pre-auction offers, completion and the costs a seller should consider.
Download the Free Guide
What’s Inside the Guide?
Auction can offer speed and a clear point of commitment, but it is not simply a faster version of a conventional sale. The method, legal preparation, pricing strategy and likely buyer pool all matter.
Inside the guide, you’ll find:
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What auction means in practice and when a sale becomes legally binding
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The difference between unconditional and conditional auction
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Why some properties may be particularly suitable for auction
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How guide price, reserve price and market value differ
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How far ahead a seller should begin preparing
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What the legal pack normally contains
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How viewings, marketing and buyer enquiries are handled
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What may happen if an offer is made before the auction
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What happens when the hammer falls or an online bid is accepted
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The costs, timescales and practical risks a seller should consider
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What prospective buyers need to do before bidding
