Buying and selling property has never been easier with our modern method of auction. Online auction sees individual properties offered with eBay style bidding on a web based platform.
The Process for Selling via Modern Auction
The process is very simple and very similar to a residential sale. Information is gathered, photos are taken, and the property is listed online. We will then also list the property as live auction, which allows viewers to bid and register their interest.
Coppenwall will facilitate all property viewings.
Offers are negotiated by our auction partner specialists I AM SOLD.
Benefits of Selling Via Auction
SALES COMPLETE FASTER
Auction offers quicker completion vs. Standard sales where it can take over 100 days to complete. Auction provides fixed exchange and completion dates of between 28 and 56 days. This means you can plan your move more easily.
QUICK AND EASY BIDDING
We know life is busy. That’s why we’ve pioneered online auctions, so you can bid from the comfort of your home, 24 hours a day, 365 days a year. We also offer live in-room auction events across the UK.
BUY WITH A MORTGAGE
Our option of Modern Method of Auction provides an extended timescale of 56 days for completion (vs. Traditional Auction where the timescale is 28 days) giving you time to arrange a mortgage.
The buyer and vendor enter into a binding Reservation Agreement, committing them to completing the purchase. Because bidding activity is visible to all interested parties, it offers complete transparency vs. buying through a standard sale.
Example of a Live Property Auction
Buying an Auction Property
Download the Modern Auction PDF Guide Here.
Example of a SOLD Auction Property
Here’s an example of a property sold via modern auction. Initially the property was put on the normal residential market but struggled to sell, we then converted the standard property sale to a modern auction and achieved an excellent sold price!
Selling at Auction Doesn’t Mean Selling for Less
It is common for properties to be listed as a residential sale and then be converted to a modern auction listing. If your property has been listed for a while and not getting the desired response from the property market, it is definitely worth considering a modern auction.
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.
If you would like to have a chat and discuss our auction service, book in for a valuation and our sales manager will give you a call to discuss further.