Key differences of selling at auction

Why auction is different, what are the advantages and pitfalls?

Auctions are used to buy and sell many commodities not just property or antiques. It is a simple and quick way to buy and sell, where prices are determined on the day of sale and according to demand. Minimum prices are set, so there is no chance of selling below your specified minimum price, but there is no maximum. It’s all down to demand on the day.

If you are thinking of selling at auction, the key reason is likely be, not because you are desperate to sell at any price, but you are motivated and fully decided to sell and want to achieve your goal within a predetermined time period whilst still maximising price.

The average time from instruction to exchange of contracts is around 4 weeks, less than a half of the time for the UK average period through traditional Estate Agencies.

This means you will be more than likely “chain free” and have no need to link the sale with a simultaneous purchase. Remember when you are selling at auction, if there is a successful bidder, contracts are exchanged there and then. You will know the completion date to which both you as seller and the buyer have committed to. So if you are living in the property, you will need to commit to vacating by the due date. However the buyer too is committed, they pay their deposit there and then and there is no backing out.

arrange your auction appraisal

Contact us to arrange your auction appraisal. This is the first part of the route to a successful auction sale with Barnard Marcus

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buying with barnard marcus

People buy at auctions for many reasons, they want to move quickly or they could be looking for a plot of land to build on, a refurbishment opportunity, an investment property. You decide the price you want to pay and leave absolute certainty.

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selling with barnard marcus

your journey to selling at auction starts with a free market appraisal. Selling at auction is fast and efficient and need not necessarily mean compromising on price. In fact you may get more than you thought.

free market appraisal

Thank you for being part of a new chapter of my life, its very positive to have such lovely people who help you on the way. The level of professionalism and helpfulness, has exceeded my expectations!

Chelene, Purchaser

Buying at auction was a lot less daunting than I thought. You have made the whole process so easy to understand. Thank You!!

Graham, First time auction buyer

Thank you Barnard Marcus for your help with my auction buy! I got the house just under my maximum bid. I was let down on my last house and it was a relief to know the auction buy was more secure.

Sanjay, Buyer

The auction sales process was quick and efficient and Thomas Mason did a fantastic job organising the sale for us. The lot was popular and he gave us exactly the right information at the right times and we relied on his experience to sell for the highest amount in the auction room on the day. Would highly recommend their services to anyone thinking about selling.

Mike and Ruth, Property Developers

Thank you so much for everything. The property sold at exactly the figure I thought it would. I was pleasantly surprised by the whole process and would definitely consider selling at auction again.

Chris, first time auction seller

Thanks for all your help in selling my dad's flat. I have found my first auction experience very positive. The whole process went so smoothly, I’m completely blown away!

Lynette, first time auction seller

I want to share our appreciation of Chris Glenn and team. The sale has been the smoothest part of the process. This demonstrates their professionalism and how we rely on them in our service delivery

Andy (Asset Manager)

Key differences of selling at auction

arrange your auction appraisal

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