MORE AUCTION ROOMS - MORE AUCTIONS

It’s official! More & more properties are now being sold locally by regional auctioneers rather than via larger centralised auction sales. Thirlwells are proud to have teamed up with Auction House, who lead the way nationally with their regional auction rooms, holding more sales than any other auctioneer. Auction House specialises in promoting properties to local buyers and holding Open House viewing events hosted by experienced members of the auction team.

There are many significant benefits for choosing Sale by Auction and it is only by understanding these, that agents and sellers can together decide if Auction is right for a specific property.

Speed: There is no faster way of selling. The process can take as little as five weeks from instructing us, through to an exchange of contract. You will likely bank the proceeds of your sale within eight to ten weeks from going to the market.

Greater chance of Success: Auction gives you a greater likelihood of selling your property than by private treaty. Typically Auction House sells a high percentage of the lots offered. If you need a certain sale you really should consider the auction route.

Legal & Binding: When the hammer comes down you have exchanged contracts, your buyer is legally committed and can't change his mind. You will be so much better off than via sale through the normal Private Treaty system where approximately one third of all sales collapse after they have been agreed.

Competitive Bidding: Our aim is to generate interest from two or more prospective buyers and to encourage them to bid against each other. The process of competitive bidding will help your property to achieve 'best price' on the day. Sometimes buyers are so anxious to acquire a property that they put in a very strong pre-Auction offer - if in our view that figure is unlikely to be reached or surpassed in the Auction Room, we will recommend its acceptance under Auction rules, and with a condition that contracts are exchanged in advance of Auction day.

Best Price: Often properties achieve a sale price at Auction in excess of the Guide Price. Regularly the result is ahead of that which might have been acceptable with a Private Treaty sale, but you can always be sure that it has achieved its Best Price on the day. This is especially important on Probate properties where Executors are required to achieve 'Best Price'. When Auction is the chosen sale route then this is guaranteed and also open to public scrutiny.

Time Scale: If you are in a hurry or have a deadline to meet, then Auction could well be right for you. From the outset you will know the date of the Auction and legal completion will usually be set for 28 days thereafter. This time-scale is fixed and legally binding to the two parties. Financial pressures and the need to relocate or dispose of a property in a specific time frame can be easily accommodated and are almost always met with a sale by Auction.

Take a look at the auction guide: Buyers & Sellers Guide.pdf