In unpredictable times, selling a property at auction brings certainty.
In this changing market, more and more people are selling property at auction, attracted by the advantages of chain-free sales guaranteed to complete within a month.
Selling a property auction can be considerably quicker than selling through traditional methods. An auction sale takes place over a defined period set by the vendor, with exchange of the contracts taking place at the fall of the hammer and completion approximately four weeks after that.
When you sell property at auction with Marchand Petit, we will work with you to set a realistic guide price aimed at generating as much pre-auction interest as possible. Properties are normally offered for sale subject to a vendor’s reserve.
The property for auction will receive intensive marketing six weeks prior to the sale across local newspapers, on our website and social media, and on property portals including Rightmove and OnTheMarket. We are able to hold property auctions in Devon in person and also virtually.
Selling a property at auction is no longer just for probate, repossession or homes in need of extensive renovations; with the right people holding the gavel, they offer an excellent opportunity to achieve a successful sale price on your home, often selling in excess of guide price.
Marchand Petit has decades of professional experience in the South West, helping clients reach a successful outcome at auction. Our lead auctioneer Stuart Cartwright MRICS has over 25 years’ experience in running professional property and land auctions, and he is assisted by a highly experienced team of specialist land agents and regional experts. From unique waterfront properties to farms and smallholdings, development sites and parcels of land and woodland, we have the specialist experience to help you sell at auction in the south west.
Buying a house at auction can be a quicker process with less costs involved. It can also put more unique properties at your fingertips, whether that may be a property that has been overlooked, one which needs more extensive renovation or one which can be bought at a lower price due to situations like probate.
Once you have decided you wish to buy a property at auction, you will need to familiarise yourself with all legal and professional matters which may affect the property. We can guide you through this process, along with arranging pre-auction viewings of the property. Legal packs will be available on request from the office dealing with the auction, but these may be subject to change.
Prior to the auction, you will be required to produce two forms of identification – one photographic (e.g. driving licence) and one proof of address (e.g. recent utility bill). On the day of the auction, should yours be the successful bid, you will be required to pay 10% of the sale price as deposit, and to sign and exchange contracts prior to leaving the auction. You can view the common auction conditions here.
