Sell your property with Fletcher & Company Auctions

Property auctions are becoming a very popular choice for a wide range of vendors however if you’re unsure if your property is suitable for sale by auction, our property experts will advise you if we feel that an alternative method of sale would better suit you or the property. Whilst most properties are suitable for sale via auction, it may not always be the best route to market.

If you would like to discuss the selling process with a member of the team, or discuss a property you might wish to sell at one of our auctions, we would be happy to hear from you.

Certainty – Selling a property at auction offers an exceptional degree of certainty. On the fall of the hammer a legally binding contract is formed and the buyer is committed with no further negotiation allowed. Therefore, both the buyer and seller can conclude the transaction with full peace of mind.

Best price – If prepared properly a property auction should generate a number of bidders for each property. The atmosphere created can be extremely exciting and the process of competitive bidding will help to achieve best price on the day.

Speed – The entire process, from instruction to exchange of contracts, can usually be concluded within as little as four to eight weeks. However, auction can also offer a degree of flexibility should you require specific timings which can be detailed in the Special Conditions.

Transparency – As a property auction is totally transparent, it provides the seller with the assurance that the best possible price has been achieved in open competition environment.

Multiple disposals – A large number of properties can be included in an auction and sold on the same day so should you wish to offer a portfolio of homes, our team will be able to best prepare deal with your investment.

Appraisal – Our initial consultation offers a no obligation appraisal. We will advise you whether a sale by auction is the best way to achieve the highest price. If so, an estimated sale price and recommended reserve price will be provided.

Guide Prices – We will agree a guide price with you which will reflect your minimum acceptable sale price. We will endeavour never to mislead our buyers by quoting a guide price that is lower than the agreed reserve price.

Fees and Terms – After our initial appraisal we will agree with you our terms and conditions of appointment, including entry fees and commission.

Proof of Identity – Under Anti Money Laundering Regulations, we shall require proof of your identity and your address before we can market your property. If you are representing the seller, these checks will also have to be made on the seller.

Inspection – Once we have been formally instructed, the property will be inspected by one of our surveyors, measurements will be taken where appropriate, and the property will be photographed.

Draft sales particulars will then be sent to you and your solicitors for approval. Your solicitor will be asked to prepare a legal pack, which will be made available on our website during the marketing period.

Marketing – Every property in our auction benefits from wide exposure through intensive marketing campaigns.

• Website - Our Fletcher & Company website offers many features including search facilities, remote bidding options and live streaming of the auction.

• Property Portals - We list all of our properties on the major property search portals including Rightmove.co.uk. Our team will also report on the activity generated through these sites.

• Boards - We will erect "For Sale" Boards where appropriate.

• Social Media – As social media platforms continue to draw a significant audience; we will expose your property through both our Instagram and facebook accounts and monitor the activity.

• Targeted Marketing – Alongside our extensive mailing list, we will also target individuals who have previously expressed an interest in similar properties, as well as adjacent occupiers, local agents, local developers, builders and property companies.

Reporting – During the marketing period, all enquiries are logged on our systems which allows us review and advise you of the strength of interest in your property, as well as reporting any price indications or offers made prior to sale. Alongside this we will continue to maintain close contact with all serious buyers to ensure they’re fully ready to bid at the auction.

Online Legal Documents – The legal pack for each home will be listed on our Fletcher & Company website ready for inspection. We will keep you advised of the number of legal packs downloaded by prospective bidders during the course of the marketing.

Reserve Price – Prior to the auction, a member of our team shall advise and agree a reserve price with you in the light of the activity and feedback received during the marketing campaign. This is a great point which allows flexibility to adjust the guide price or guide range to ensure the home is sold and at the best price.

Auction day

• Binding Contracts - On the fall of the auctioneer’s hammer there is a legally binding contract, and the purchaser is obliged to complete the purchase. A 10% deposit is paid to Fletcher & Company (minimum £5,000) together with a buyer’s fee.

• Buyer checks - Under the Anti-Money Laundering Regulations, we carry out full checks on all buyers and bidders before the auction.

• If your property does not sell on the day - In the less likely event of any lot remaining unsold, we normally expect our instructions to continue for a period of 45 days after the sale. We will contact all previously interested parties and invite best bids. In our experience sales are more likely to be agreed immediately following the sale, when post-auction interest is at its strongest.

Legal Completion – Once the property has sold, our standard conditions require for the buyer to complete 20 working days after the auction. This may be varied by your solicitor in the Special Conditions of Sale should your require alternative timeframes.