Selling at Auctions
Selling at Auction can be a great alternative to your standard private treaty method of selling. Here are some of the benefits of selling your property via Lets Bid Auctions:
1. Speed of Sale: The Modern Method of Auction takes just 56-days from receipt of draft contracts. Alternatively, you can opt for a Traditional Auction where your sale will be completed in just 28 days.
2. Security: After the sale price is agreed, the buyer is responsible for paying a Reservation Fee. This provides you as the seller with reassurance that the buyer is fully committed to the purchase and prevents any further negotiations taking place once the sale has been confirmed.
3. Competitive Bidding: The transparency in Lets Bid Auctions allows potential buyers to view the bids made by others, providing an environment where interested parties engage in more competitive bidding, ultimately increasing your final selling price.
4. No Fees To Sell: Selling via auction means that the selling fees are typically paid by the buyer. This makes it a lower-cost alternative to your standard way of selling, where you would typically have a fee to pay your estate agent at the point of exchange and completion.
5. Professional Guidance: You will be provided with an Auction Account Manager who has 26 years of legal experience. This can be a valuable asset for both vendors and buyers participating in an auction. Their legal expertise can help ensure that the auction process is conducted smoothly, transparently, and in compliance with all relevant laws and regulations.
