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Auction Sellers Guide

Sellers Guide To Living Property’s Online Timed Property Auctions

Sell Your Property with Living Property’s Online Timed Auctions

At Living Property, we deliver highly effective online timed auctions—a modern approach similar to the popular "eBay-style" auctions. This innovative format is ideal for auctioning a diverse range of properties, including residential, commercial, land, and investments.

We offer two auction methods to suit different needs:

  • Unconditional Auction: The traditional method, as seen on TV shows like BBC’s Homes Under the Hammer.
  • Conditional Auction: Also known as the Modern Method of Auction, providing more flexibility for buyers and sellers alike.

Why Choose Living Property’s Online Auctions?

1. Flexible and Cost-Effective Auctions

  • Immediate Sales Cycles: Start your property sale as soon as your legal pack is ready. There’s no need to wait for a scheduled auction date.
  • Unlimited Auction Cycles: If your property doesn’t sell the first time, you can rerun the auction as many times as necessary until it sells.

2. Lower Operating Costs, Greater Savings

  • No need for expensive venues, additional staff, or printed auction catalogs.
  • Savings passed on to sellers through:
    • No auction entry fees
    • No Memorandum of Sale signing fees
    • Flexible fee structures (vendor-pays or buyer-pays options).

3. Comprehensive Auction Marketing
Your property receives extensive exposure through:

  • Major Property Portals: Rightmove, Zoopla, PrimeLocation, and Homes24.
  • Trade Buyer Platforms: The Essential Information Group (EIG) auction investor portal, ensuring access to national and international buyers.

4. Full Flexibility with Online Auctions

  • Set timescales to suit your circumstances.
  • Bidding from anywhere, making it easy for buyers to participate and drive up competitive offers.

Free No-Obligation Auction Appraisal

Discover the benefits of selling by auction with a free property appraisal. Call us at 01502 558538 to arrange a consultation or email us at [email protected].

FAQs: Selling by Auction

1. What types of properties are suitable for auction?
All property types perform well at auction, including:

  • Residential and commercial properties.
  • Vacant or tenanted properties.
  • Land and development sites.

2. How long does an online auction last?
Properties are listed as ‘coming soon’ before bidding opens. Once the legal pack is complete, we recommend a bidding window of five days for optimal results.

3. Can I set a minimum price for my property?
Yes! A Reserve Price—the minimum amount your property can sell for—is confidentially agreed upon with your auctioneer.

4. What is a guide price?
The Guide Price reflects your likely Reserve Price, typically within 10% above or below the Reserve. For bracket pricing, the Reserve cannot exceed the upper range of the bracket.

5. Can I accept an offer before the auction ends?
Yes, offers can be considered at any time. We’ll advise if it’s best to wait until the auction concludes, but the final decision is yours. Accepted buyers will still need to adhere to standard auction terms.

6. Do I need a cash buyer?
Not necessarily. Many buyers secure mortgages, especially in Conditional Auctions, which allow additional time for financing. This flexibility can attract more buyers and potentially achieve a higher sale price.

7. How do I get further advice?
Our auction experts are here to guide you every step of the way. Call us at 01502 558538 or email [email protected] for personalized support.

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