Auction your property for speed and certainty. Auctioning a property through Rural View is a simple process. Our auction department operates an online system, where buyers have the opportunity to physically view the property and carry out any due diligence, before bidding on an appointed day.
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Vendor Costs
Our Vendor Clients pay directly for brochure production, arranging for a solicitor to produce the Legal Pack and for any further conveyancing.
Buyer Costs
The successful Buyer, meanwhile, is asked to cover auction fees and costs through a Reservation Fee on the fall of the hammer.
The Process
A reserve figure is set, the property is comprehensively marketed for a period of time (normally 4 weeks) and then buyers who have registered an interest compete on the given day via our online platform.
On the fall of the virtual hammer the successful buyer pays the non-refundable Reservation Fee, meaning that they are financially committed to the purchase at the agreed price. The buyer must then complete the purchase within 28 days, or 56 days where finance is required.
Transparency
The process from start to finish is transparent and all bids are shown online to encourage competition. A ‘going once, going twice’ feature means that any bid in the final minute extends the auction timer by 3 minutes, thus achieving the best possible price by allowing counter bids.
If you would like to discuss selling a property at auction in greater detail please let us know.
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