Sell Property at Auction

publication date: Oct 4, 2011
 | 
author/source: Kate Faulkner, Property Expert and Author of Which? Property Books
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Sell Property at Auction


Property in Auction


On most days we are answering your property questions for free via our Property Forum.

This is just one of the many property questions we have answered recently:-


Q -
I can't sell and am thinking of auctioning my house, it's a three bed and I don't know if it would cost a lot more than selling through an agent.


A
- If you can't sell on the 'open market' then auctioning is a good think to explore. Typically it will cost a similar amount to selling via an estate agent.

Fees are likely to include a cost for adding you to their auction catalogue, which may be a few hundred pounds or more, depending on the size of the ad and value of your home.

Should the sale go through on auction day, then you are likely to incur commission fees similar to local estate agents, so around 1.5-3%. Read the full answer here and find out what you need to do if you want to sell via an auction.

Also take a look at our article - Selling at Auction Top Tips

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  • An A4 ‘how to’ guide (approx 80 pages), containing Dos and Don’ts, Factsheets, Checklists, Handy Tips and Forms
  • Access to Kate and her team, by phone and email, for any queries you might have during your project.

See the full list of Kate Faulkner's unique Property Services here!







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