Seller FAQs

Property Auctions

Frequently asked questions

Almost always. From family homes to investments, land, probate and tenanted properties. Auction provides speed, security and strong pricing.
Yes. Timelines are written into the terms before bidding begins, and buyers commit legally.
Auction competition drives strong results. With 60 or 90-day completions, mortgage buyers participate too, increasing your final price.
You’re protected. No sale goes ahead unless your reserve is reached.
No. Auction fall-throughs are extremely rare because buyers pay a deposit and commit legally.

Three key reasons: Maximum price, speed and security.

Price – You are in full control at all times. From the reserve price to the guide price, we are here only to advise. Setting an attractive guide price instills the engagement of potential buyers. The competitive atmosphere and the variety of bidders from different sources will push up the price organically. If a property is suitable for auction- expect the sale price to reflect that.

Speed – Property Auctions are best known for selling with speed. When the auction concludes, contracts are exchanged and completion in the agreed 30, 60. or 90 day timeframe, unless special conditions apply. By following our advice and pricing the property at a keen and attractive level you can be sure of a quick sale and sometimes even a pre-auction sale.

Security – Imagine a sale with no possible fall throughs. Once the auction concludes, the buyer and seller are legally bound to the sale and contracts are exchanged. Neither party can pull out. Not only this, this method of sale eliminates any long negotiation processes and seller chains. 

Selling a probate property at auction can often expedite the sale process, potentially attract competitive bidding, and achieve market value or higher. Auctions provide a transparent sale process and a set timeline for completion.

Everyone and anyone can, especially with our innovative ‘Connect Realtime®’ platform. Our traditional, live and interactive auctions can be accessed using any device, from anywhere in the world.

All of the following websites are uploaded to and updated on a daily basis:

www.connectukgroup.co.uk
www.eigpropertyauctions.co.uk
www.rightmove.co.uk
www.zoopla.co.uk
www.nethouseprices.com
www.onedome.com
www.facebook.com
www.youtube.com
www.linkedin.com
www.instagram.com
www.x.com 

Where possible, we will also create a virtual tour of your property to be uploaded to our website and socials.

We conduct open days and viewings ourselves generally, however, we are able to make arrangements with local agents for access if necessary as we know every property and vendor is different and should be treated as such.

The Seller may cancel this agreement within 14 days without giving any reason by advising the Auctioneer of its intention to cancel the agreement in writing by post or email.

Yes, selling a probate property usually requires court approval. The executor or administrator of the estate must seek permission from the probate court to sell the property, ensuring that the sale is in the best interest of the estate and beneficiaries.

Auctions provide speed and certainty. If you require funds fast to pay any inheritance tax within the 6 month timeframe, selling at auction can get you money in the bank in as little as 30 days! If you sell through an estate agent, the process is longer and there is more risk of fall throughs, which means you may have to pay the inheritance tax out of your own pocket!

Beneficiaries can raise objections during the probate process. However, the final decision rests with the probate court, which will consider whether the sale is in the best interest of the estate and beneficiaries.

In some cases, the auctioneer may entertain pre-auction offers, as long as the agreed reserve price is met and the client is in agreement.

If the property doesn’t sell, the auctioneer may negotiate with interested parties post-auction or the property may be re-auctioned at a later date. Other options include listing the property on the open market.

Preparing the property may include cleaning, minor repairs, and staging to make it more appealing to buyers. Ensure all legal paperwork is in order and that the property is marketed effectively.

A reserve price is the minimum price that the seller is willing to accept for the property. It is set in consultation with the auctioneer, based on market conditions, property value, and estate requirements.

Start with a free auction valuation or call our valuations team on 0800 448 0100 (Freephone)

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