Our Auction Route is becoming increasingly popular. By choosing this route you don't pay estate agency fees, auction services are FREE with Coppenwall. Your property will sell quickly and achieve maximum value. We've come up with three simple steps to help you understand our online property auction process. Read our customer reviews.
We provide you with a free valuation, discuss and agree a Reserve Price and a Starting Bid, before preparing your property details, photographs, and if necessary, an EPC Report.
Once your property is listed, you will need to provide a Legal Pack.
Once your property is listed online, generating viewings, and we have your legal pack, we will then put your property into an Online Auction.
This means you can start taking bids immediately and can watch the progress of your sale.
All buyers accept terms prior to bidding, and a non-refundable Reservation Fee is payable as soon as you have a winning bid.
Completion can take up to 56 days after the Reservation Fee is paid & you keep the full amount of the sale.
Coppenwall estate agents, offer a fully managed property auction service.
Auctions have changed drastically in recent years, so more properties are selling via this route.
What’s your home really worth? Get a free, accurate market valuation from Coppenwall, trusted estate agents covering Rossendale, Burnley and beyond.
Value my PropertyThis is a payment made by a buyer to provide exclusive rights to buy a property, under specified conditions and at an agreed price.
This is the price, agreed with your Coppenwall agent, to be the lowest acceptable figure for a property to be sold at auction.
This is the price your Coppenwall Agent will recommend you market the property at — this figure will be below the Reserve Price to make sure you generate maximum interest, viewings and bids.
If you decide to sell your property via our auction route, you will need a Legal Pack a solicitor will carry out this task.
With our auction route, it has to be done up front.
These packs include important information, necessary for a potential purchaser when deciding whether to bid:
Coppenwall can provide you with a legal pack for a cost of between £495 (inc VAT). Should you wish to provide your own Legal Pack we will need a copy before we are able to successfully sell your property.
An online auction enables your prospective purchasers to bid in real time, 24 hours per day, 7 days a week.
If your prospective purchaser manages to make a bid that matches or beats the Reserve Price, and is higher than all other bids, then they’ll win the auction.
An energy performance certificate is required by law to market a property, these are valid for ten years.
Coppenwall can provide an EPC report on request.
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