Why do people choose to sell at auction?

• You want to sell your property quick and for FREE
• You want a better process than estate agents are currently offering
• You are looking at selling your portfolio
• You want to move abroad or relocate
• You need to sell your property to settle outstanding debts
• You have inherited a property after death of a loved one
• You are going through a divorce or separation and want to sell your property
• And hundreds of other unique reasons and personal circumstances as to why people choose to sell their property by way of modern online auction with us!

We have over 30 years of experience selling property across the UK, accumulating over 6.5 million page views per year via our live bidding platform.

There are a number of questions that people have when entering the auction process with us, and so we put together the most common ones and answered them so people can be fully informed about selling their properties with us:

• Is auction not just for old and dilapidated properties?
• Will I have to sell for a lower price than if I sold my property privately?
• Will it be more expensive and stressful for me to sell my property at auction?
• Will anyone even find my property on auction?
• Will I have to attend the auction personally on a set date and time?

Is auction not just for old and dilapidated properties?

We understand that your first initial thought may run to “Homes Under The Hammer” and the awful state that some of those properties have been allowed to deteriorate. Properties that people would be scared to enter, in the fear that a bathtub may fall on their head from the water damage caused on the floor above.

This is simply not the case with our properties. We have sold residential and commercial properties that range from: 8 bedroom houses and new builds modern flats, family homes, rentals, holiday homes to older properties that have been inherited throughout generations, and the whole spectrum in-between.

In actual fact, 90% of the properties we currently have on our books are occupied by the owner or rented out to tenants and are in great, clean, and liveable conditions. 

Click this link to have a look at our current live auction properties.

Will I have to sell for a lower price than if I sold my property privately?

We have experienced valuers that will be able to assess your property and its value and be honest about what money you could expect to sell the property for at our auction.

We mutually decide on a secret reserve price that you would be happy with selling your property for. This price will be reasonable and one that you will be happy to walk away from the property for. This price is only known to us and you and will not be shared with any potential buyers or any of our estate agents who source buyers.

We also flip a standard house sale upside down when it comes to pricing. We start the property on a lower starting bid, and the bids bring it higher. On a standard property sale, you would usually set a price and expect the potential buyer to negotiate down. We have found our approach to be so much more successful, and there won't be any conversations about bringing the price down.

We want to reassure you that you are the one in the driving seat. We will not pressure you into accepting any offers or bids that you are not happy with. At the end of the day, you make the ultimate decision of how much you sell your property for. We are pleased to say that over 80% of our properties are sold over reserve price.

Will it be more expensive and stressful for me to sell my property at auction?

Many people associate auctions with high and hidden fees. They also associate it with huge stress and fast action with not much time to think rationally about their decisions.

Whilst some auctions may charge you to sell your property with them, here at Smart Auction UK, it is absolutely free to sell your property with us. We charge fees to the buyers for buying, so you can rest assured that you will walk away with 100% of your sale price. The only fees you will need to cover will be your solicitor fees.

We also make the process as stress-free for you as possible. We are with you along the whole process, from the very start at the enquiry stage all the way to the end with your solicitor. We are always on hand to speak and chase any loose ends that you may need help with. We do the stressing for you, so you can relax and go on with your day.

Will anyone even find my property on auction?

You may think that not many people buy at auctions, but this could not be further from the truth in the current times. Buyers, investors and landlords are choosing auction as their top choice when buying properties, due to how fast and easy the process is.

In terms of marketing and getting your property out there, whilst we do advertise it widely online with our partner estate agents, however also, as part of our service, you can take advantage of our vast network of national and international investors, who are eagerly waiting for new properties to come onto the market. We contact them in the first instance when we put your property live on auction.

Will I have to attend the auction, in a set location, date, and time?

This is not needed with us at all. Traditional auctions will see you attend a specific location, date, and time; however, we find that there is a very limited pool of buyers there. 

With us, the whole process takes place online, and you will be able to track the live auction on your phone 24/7 wherever you are. If we don't achieve the reserve price or higher in the first auction cycle, we give the opportunity for more cycles, which give you the best opportunity of securing the money you want.

With this wide global reach, you have the biggest opportunity for national and international investors to bid over your property, and you walking away happy.