Straight answers.
Can't see your question? Ask Mike directly. The call is free.
Yes, it’s free, and there’s no obligation afterwards. Mike is paid referral fees by the auction houses he recommends when a property sells, so you never get a bill from him. If auction isn’t right for you, he’ll tell you.
Typically 2 to 4 weeks to auction day. At a traditional auction the sale is binding when the hammer falls. At a conditional auction it becomes binding on exchange, shortly afterwards. Completion follows within weeks.
We will carry out a free market appraisal for you, in partnership with the chosen auction partner, to make a recommendation. We are frequently selling at close to market value.
It is always the client’s decision what the reserve should be set at. We discuss the process at the outset. The price may be less than a slower sale via an estate agent might achieve, but in our experience not by a huge percentage. It does depend on the individual property.
No, it is definitely not too late unless you have exchanged contracts. Most of my clients have had cash offers previously, which have ended up being considerably less than what the best auction company would deliver price-wise.
It can happen, usually when the guide or reserve is set too high. Mike will talk through the options with you and the auction house, such as re-listing in a later sale or agreeing a sale with an interested bidder afterwards.
Yes. Mike is based in Farnham, Surrey, and works with auction houses across England and Wales, matching you with the right one for your property and area.
The legal pack holds the documents buyers need before they bid: title, searches, any lease, and the contract. Mike recommends specialist auction solicitors to prepare it and act for you throughout. Our calculator assumes about £1,000; Mike will give you a proper figure on the call.
At a traditional auction, contracts exchange when the hammer falls and completion usually follows within about 28 days. At a conditional auction (sometimes called the modern method), the winning bidder has a set period to exchange, then a further period to complete. Mike will tell you which suits your property.