Selling a property by auction
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Led by our Auctions Manager Simon Clayton, Leaders’ auctions offer one of the fastest, most transparent and effective ways to sell property and land. It’s so much easier than you may think, offering a high degree of certainty that contracts will be exchanged on the stated day. The entire sales process, from instruction to exchange of contracts, is achieved in as little as four to six weeks.
The benefits of selling property at auction:
- Certainty: Contracts are exchanged on the day of the auction
- Speed: Instruction to exchange can take as little as four to six weeks
- Transparency: All interested buyers bid publicly for the property or land
- Extensive Marketing: Your property is promoted to the UK and beyond through a comprehensive marketing campaign
A guide to selling property at auction
During the inspection we will inform you of the value of your property or land and advise you on the best way to sell your property.
When the property is advertised for sale by auction we will agree a confidential reserve price, which is the minimum amount that the property can be sold for.
A comprehensive and extensive marketing campaign is utilised to encourage as much interest as possible prior to auction day.
Your solicitor will need to prepare the legal pack, which we need to provide to prospective buyers to view before they bid.
Set viewing times are publicised for prospective buyers to inspect the property and are carried out by our local property experts.
Our auctions take place at the Green Park Conference Centre in Reading, where all interested parties come to bid against each other, in a public environment.
Contracts are exchanged with the highest bidder once the reserve price has been met. The buyer will then sign the sale memorandum and pay a 10% non-refundable deposit.
Completion normally takes place just 20 working days (4 weeks) after the auction as per the special conditions of sale, when the balance of the purchase price is paid.
You can trust Leaders Auctions
Helping customers sell property and land at auction since 2002.
Online Auctions – a fast, secure and transparent method for selling property
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Leaders’ Online Auctions is a new, innovate and pioneering platform for selling property. it provides all the benefits of traditional auctions, whilst also providing sellers with:
- Convenience: sell on a date and time that best suits you
- Seller security: 10% deposit is secured at the fall of the electronic gavel
- Longer bidding periods: auction your property over days, not minutes
- Increased marketing period: build more interest in your property for longer, before it goes to auction.
Find out more about selling at Leaders online auctions by calling our Auctions team on 033 3230 4566, or arrange a free valuation today!
Why not attend our next property auction?
Directions
Our auction room is located at the Conference Centre, 100 Longwater Avenue, Green Park – just off junction 11 of the M4 at Reading.
Situated within attractive landscaped grounds, there is free car parking on site and facilities including a restaurant serving drinks, snacks and hot meals.
100 Longwater Avenue
Green Park
Reading
RG2 6GP
Meet your auction experts
Simon Clayton
Manager and Auctioneer
Simon has worked in the property industry for over 30 years and is a qualified member of the National Association of Valuers and Auctioneers.
Gareth Bell
Auctioneer
Gareth has worked in the property industry for over 25 years. For 17 years he has worked as an auctioneer overseeing residential and commercial disposals.
Daniel Gale
Surveyor
Daniel has worked in the property industry since 2006. He has considerable experience in both residential and commercial property.
Paul Higgins-Drysdale
Auctions Valuer
Paul has worked in the property industry for over 16 years. He has experience in residential estate agency, auction valuing and property investment.
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