Andrew Grant Online Auctions
Fri, Jan 31, 2020
Selling land or property couldn’t be easier
Whether you are selling your home or an investment property we believe the process should be speedy, simple and straight forward.
With AGile, our secure online auction platform, a sale is effective immediately at the end of the auction. The winning bidder will be legally obliged to complete the sale of the property, similarly as if you were bidding in a live auction room, but it’s all online.
5 Steps to AGile Selling
1. Agree a reserve price
A reserve is the minimum amount for which would be willing to sell your property. It is important that you have a realistic figure in mind as you need to be competitive on price for auction, but we will of course help you with this. Once agreed you will be asked to sign our contract and provide proof of identification to meet with Money Laundering requirements.
2. Set the length of the auction
You can choose the length of the auction. Generally, the longer the auction period, the higher the exposure and the greater the chance of achieving the best possible price for the property.
We understand that time is of the essence, so you may prefer a shorter auction period, which means a quicker exchange date.
3. Produce a legal document pack
We will organise for an auction pack to be uploaded prior to the start of the auction. Alternatively, you may wish to instruct your own solicitors to arrange a legal pack.
4. Sit back and watch the bids come in! This is the fun part!
Bids are placed in minimum increments according the value of the property. In addition, whenever a bid is placed in the final 3 minutes, the auction timer will reset to 3 minutes. This is to allow other parties a fair chance to place another bid.
Exchange occurs at the end of the auction. This means that if the reserve is met or exceeded and the auction timer reaches zero, the successful bidder is legally obliged to pay the purchase price and you will be legally obliged to sell the property. To ensure that the successful bidder proceeds, the buyer is automatically charged a non-refundable Reservation Fee.
If there is a successful bid, the seller will be legally obliged to sell the property for the full amount of the purchase price.
See the lots currently available