Many properties would typically be sold at auction and, with the benefit of a fast and reliable outcome, this route is increasingly being adopted by Vendors looking for speed and certainty.
Auctioning a property through Rural View is a simple and transparent process. Our auction department operates an online system and together we will take you through the process from valuation to the fall of the gavel. There is no gathering in a hotel room on a certain day, but buyers have the opportunity to view, carry out due diligence and then bid online over a period of time.
This online service is offered to you the Vendor with 0% commission to pay; your only direct costs are for a contribution towards marketing, arranging for a solicitor to produce the legal pack and conveyancing. The buyer, meanwhile, is asked to cover auction costs through the reservation fee.
You set your reserve price and the property is never sold for less than you allow.
The buyer must complete the purchase within 28 or 56 days (where finance is required), or a lengthier completion if agreed.
On the fall of the hammer the buyer pays a non-refundable deposit and/or a non-refundable reservation fee (covering auction fees and costs) meaning that they are financially committed to a purchase at the agreed price.
The process from start to finish is transparent and all bids on your property are shown online to encourage other bidding, thus achieving you the best possible price.
If you would like to discuss selling a property at auction in more detail please let us know.
If you are a buyer thinking about buying a property at auction please click HERE to view currently available property from Rural View and across the country.