The ease of buying and selling everything online due to new technology has become much more accessible than it ever was previously, with clothing, cars, and now even properties can easily be put up for sale and bought using online platforms such as Smart Auction UK’s Property Auction Platform, where you can sell your property in as little as 28 days with zero cost to the seller. 

The property market itself can be quite outdated, with most processes for selling having remained the same fo the last 20 years or so. We know that this is time for a change and that we have revolutionised the property market to reap every benefit of the newest technology to ensure that we provide the best, easiest and most streamlined property sales process that we can and that the property itself can be sold for free of charge to sellers, along with making sales more simpler easier and secure. 

So what are the major differences between traditional property sales and auctions, versus the modern auction method of Smart Auction UK. We are here to provide you with some examples of how we have changed the property sales industry for the better.

Global accessibility:

Due to the property auction being online, the auction can be easily accessed from anywhere in the world. We have a number of investors abroad who regularly buy properties from us. All our investors need to do with us before they bid is prequalify with us to ensure they can indeed bid and that they have the funds available to them. As long as they have the capabilities to purchase the property, they are welcome to bid with us. 

Access 24/7:

Bidders can bid from anywhere in the world, night or day. Our auction cycles last for 28 days and run continuously which means that buyers can bid to win the property at any time within this 28day period. Whether at midnight, 1am or any other time, there is 24/7 access to place bids live on the property that they are interested in. 

Very high chance of selling the property:

As long as the property is priced appropriately, it has a very high chance of selling within the first 2 auction cycles. This is because there is a very large number of buyers all looking to buy continuously and also providing the price is right there will be a number of bids rolling in continuously which adds an element of competition into the property bidding for individual investors or landlords who have fallen in love with a property that they want in their portfolio, or even a cash buyer that is looking for their next home. This emotional attachment can drive prices higher and can also cause more impulsive bidding due to the pressure of quick bidding and time scales. 

Quick sale:

Even though we say 28 days to sell, someone could come a long on day 4 and make you a buy it now offer that you are happy with, in which case the property will be sold when you accept, time scales can be quick, but if you are concerned about them being too quick, fear not, as you as the seller are in complete control of the timescales.

No Sellers Fees:

Of course this is our most marvelled FAQ. Its is 100% true, there are no sellers fees if you chose to sell your property through Smart Auction UK as the property buyers simply pay us a finders fee. That's all that we are interested in. We wont ask you to pay towards any of our fees or costs, we simply ask that you do not decided to change your mind, sell the property yourself or remove it from the market for a 3 month period so that we are given enough chance to try to sell it. We also ask that you are realistic with pricing of both the guide price and starting price. In order for your property to sell and fast, the pricing needs to be realistic. Our auction managers will be able to advise you on the best guide price and reserve price for your property. If we cant agree on a price together we will not take on your property as there is no benefit of us taking on a property that we don't think that we can sell within those 3 months. Unlike estate agents, there is no point in us stringing you along with unrealistic valuations and then asking you to drop your price at a later date. If we don't sell within the 3 months you are free to walk away no questions asked. 

No Gazundering:

A term created by the estate agency industry. This is when an offer is made on your property, and then is considerably dropped at the last moment before completion due to some “issue or problem” that has arisen on either your side or the buyers side. This is especially prominent with Cash Buying Companies as this is essentially a part of their process by playing on your desperation and hoping you are desperate enough to take a lower offer. The initial offer they make to you was never their real offer in the first place. 

No negotiation, either before or after the fall of the gavel:

The only negotiation that is done is the bids, when one person is outbid it is up to them to either increase their bid or lose the property they wanted. They do not have any negotiating power, the power is all with the auction and the seller. The winning bid is also contractually obliged to purchase the property, and for that price, so they cannot come back at a later date and try to negotiate the price as they will have signed and agreement to buy the property at the price attained at the fall of the gavel.

Buying through auction is actually the preferred method for most investors:

There are no worries that there will be issues when the property checks or conveyancing comes back as this is all done upfront. There are also no worries that the chain might fall through as auction purchases are usually chainless. Everything they need to know about the property is in the legal pack and is available upfront so there doesn't have to be any worries, it makes it more secure, easy and realistically seasoned investors will be able to look at a legal pack, and decide yes or no there and then. 

For all of the reasons above, that is why Smart Auction UK is the easiest, fastest, most transparent and straight-forward property auction platform, and almost 50 years down the line we are consistently renovating and improving ourselves so we can keep up with modern technology.

Find out how you can sell for free today or look at buying your next property through us. 

You can see some of our auction successes here, and below is another one we sold just last week.

Want to be the next auction success story, and interested in selling your property in 28 days, completely for free? Contact us today to get the process started.

If you want to learn about the modern online auction, see if auction is right for you here.

Call us or send us an enquiry.