Danehurst Estate Agents
When a different sales route makes sense
Explore whether an auction could suit your property and your plans.
Consider the sales route as well as the asking price
Some properties and circumstances benefit from exploring an auction alongside a conventional marketed sale. The condition of the building, the likely audience, the information available and your priorities all help determine whether it is worth considering. We begin with those factors, rather than assuming that one method suits every instruction.
Danehurst Estate Agents can discuss the property and explain the next steps for considering the relevant auction arrangements. You should have the opportunity to understand the process and its terms before committing to a particular route.
For sellers: prepare before choosing
Talk to us about the property’s location, condition, occupancy and any issues already known to you. If it forms part of an estate or includes land, explain that at the outset so that the advice can take account of the wider circumstances.
A proposed guide price, the reserve arrangements, marketing, fees and the required legal documents all need to be understood. Ask which auction method is being proposed and how its bidding, commitment and completion arrangements work. Your solicitor should advise on the legal terms and the preparation of the relevant information.
For buyers: investigate before bidding
Read the property particulars and legal pack, view where access is available and raise the questions that matter to you. Establish what fees are payable in addition to the purchase price, when funds are required and what obligations arise if your bid is successful.
Take advice about the legal and financial arrangements before bidding. A property’s guide price is only one part of the decision; the condition, documents and applicable sale terms need to be considered together.
Make an informed comparison
We can help you compare the estate agency aspects of an auction proposal with an open-market sale. The right choice depends on the particular instruction and the terms offered, rather than a general promise about speed or outcome.