Processes for Property for Sale vs. Property for Auction
Have you ever wondered what the process looks like for selling a property via auction? How does it compere to a standard sale of a property?
As this is our most asked question when speaking with buyers and sellers, we figured out that many other people will also be interested to know the difference. Please see the outline of the property for sale process vs property for auction (that we most commonly find our clients to go through*).
Property for Sale
A standard property sale would involve:
1. Searching for an estate agent
2. Signing up to their onerous terms and conditions
3. Waiting for them to twiddle their thumbs
4. Do a viewing or 2
5. When no offers come in, they advise you to lower your price
6. You get disheartened about selling your home
7. Reluctantly agree to price reduction
8. Receive offer way below asking price
9. Have second thoughts about selling your property and start thinking the whole world is against you and go down a rabbit hole
10. Agree to the reduced offer
11. Have the offer knocked down lower when survey report comes in from solicitors
12. Buyer backs out 3 weeks before completion
13. You get disheartened and depressed and feel like you’re in a never-ending despair cycle
Property for Auction with Smart Auction UK
1. Speak with a member of the Smart Auction UK team about the process
2. Sign up to a short 3-month contract
3. Conduct your legal pack with solicitors prior to sale (1st stage legal formalities)
4. See your house listing online and watch the bids in real time
5. Get excited about the interest in your house and growing offers
6. Sell property for pre-agreed reserved price (or higher as 21% of our properties sell for over asking price!)
7. Solicitors conduct the 2nd stage of the legal formalities to take 28 days
8. Get ready to move out within 28 days
9. Receive your money
10. Move out and happily skip away into the sunset
*Disclaimer – please note that the property for sale process is often much much worse and the above auction selling process most commonly works out smoother than a baby’s bottom.
With us, it’s totally free to sell – no hidden costs,
no commissions, no “optional extras”. We offer a complete service, including a free estate agent, to make your sale as smooth as possible. Our local experts will always be on hand to guide you and answer any questions.
All information is kept completely confidential and will only be used by our team to assess if we are a good fit.
Takes 30 seconds
Register your interest in our auction services
FAST SELLERS
Our properties often sell within 28 days.
DEDICATED SUPPORT
We guide you through every step of the process.
FREE ESTATE AGENT
In our free services, we include a free local estate agent.
EXPERT KNOWLEDGE
Decades of experience to get you the best price.
Top-Notch Service from Smart Auction UK! I had a fantastic experience working with Smart Auction to sell my home. Their team provided excellent support throughout the process. I couldn't be happier with the results. Highly recommended!
Exceptional Service from Smart Auction UK! I was amazed by how smoothly and efficiently they handled the sale of my home. I highly recommend them to anyone looking to sell their home hassle-free.
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