Auctions - Nock Deighton

Buying at Auction

No longer just for the experienced investor looking for their next renovation project. It is now
often the preferred route for those looking for their ideal property due to the benefits that the
process offer, namely the speed and security.

Traditional Auction

In Traditional Auction transactions, exchange of contracts takes place as soon as the auction ends. The buyer is required to pay 10% deposit at the point of exchange and must complete within 20 days. This is the most secure and fastest method fo sale however, it can limit interest to cash and investment buyers only.

It usually more suited to vacant properties, or those not suitable for mortgage lending
It provides complete security as exchange takes place at the end of the auction
Fixed timescales of 28 days to complete

View Traditional Auction Properties

Modern Method Auction

Modern Method offers the speed,transparency,and security of a Traditional Auction but with an extended completion timeline of within 56 days.This extended timescale makes auction more accessible to a wider range of buyers including mortgage and first-time buyers,helping to generate a greater level of interest for a property.

This method offers quick but more flexible timescales of 56 days to complete
More flexible timescales allow interest from first-time and mortgage buyers as well as investors
ecurity for both buyers and sellers through a non-refundable Reservation Fee and Reservation Agreement

View Modern Method Auction Properties

How auctions work

Your property is valued by our experienced agents

Auctions are not just for run down properties or those desperate to sell, all types of properties can be suitable including vacant residential or commercial properties, tenanted or investment properties and land/development opportunities.

We help you to put together Legal documentation

Together, we agree a Guide Price and set a Reserve

Once you've set your reserve price, you will have total control over the sale and your property will never sell for less than your minimum price.

We help you to put together Legal documentation

Then once all is ready, and by pricing your property correctly, we aim to generate the maximum interest in your property. This will create a competitive bidding environment, to achieve the best price possible at the end of the auction.

We create you an extensive marketing package

We will market your property in all the usual ways i,e. you will get a 'for sale' board, listing on Rightmove, our own website, and we'll promote your property to our list of active buyers.

Security of Sale

Depending on the type of auction, your purchaser will either pay a non-refundable reservation fee to secure the sale or a 10% deposit and immediately exchange contracts - either way you know your buyer is commited.

Sale & Fixed Completion Date agreed

You can choose the auction method which best suits your circumstances and timescale. An online auction can start on any day and run for as long as you require, with the added benefit of fixed exchange and completion dates from the outset.

Unconditional auction

15 working days

to exchange and complete

Conditional auction

40 working days

to exchange and complete

"After going down every avenue available to us to sell our house, and finally going to auction with your company, we were extremely pleased with how quickly things progressed from the outset, and all the help and advice you gave us throughout. A very professional and friendly company, who were sympathetic to our circumstances."

Hear from our clients

"Thank you for the efficient way you conducted the online sale of my late brother's house. Not having any experience of an online sale before, I was grateful for the prompt helpfulness and guidance you gave with any of my queries."

Mrs M

"We were very please with the service provided and with the speed and efficiency of the auction house process compared to both the traditional sale process and the in room auction process."

Mrs W

Andrew

Associate Director & Head of Auctions

"I'm Andrew , Associate Director & Head of Auctions at Nock Deighton. We offer property auctions across our entire network of Nock Deighton branches. Contact your local office to find out more."

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Speed. Security. Solution.