We are delighted to announce that Mistoria Bolton are now partner agents with Pattinsons Auction House.
We can now offer a Modern Method Auction facility to all our clients, which comes with a number of advantages over the traditional sales route:
- Your sale can be handled with no agency fee to pay (a fee will be applicable for your auction pack).
- Control over your sale price – you can set your reserve.
- A fast timeline to suit your requirements – 28 and 56 day auctions are available, but longer completions can be negotiated if both parties are agreeable.
- Committed buyers who pay a non-refundable deposit and exchange contracts immediately.
- Complete transparency.
The lengthy sales process, lack of buyer commitment, high risk of an aborted sale and no firm sale date associated with the selling of property via private treaty are therefore avoided.
How the Auction Process Works
Pattinsons has been selling properties at auction for 25 years. Those selling their properties via this route can expect global exposure backed up by the team’s expert knowledge.
To begin the process, you’ll agree the minimum price you want to sell your house for. You can rest assured that your property will not be sold for any less than this reserved price, which is only known to you and the Auction Team. Then, a starting bid is set. It’ll be lower than your reserve, but don’t worry – this will help generate more interest, more viewings and hopefully a better price for you.
Before the auction closes, buyers are invited to come and view your property. You can sit back while the team organises viewings for you. Throughout the auction process, you will be kept up to date about any offers and viewings that come through. During this time, the legal team creates a pack for buyers which contains all the information they need to carry out due care and diligence. This pack also allows for a speedy exchange of contracts when you have accepted the buyer offer.
The online auction site offered by Mistoria and Pattinsons provides a transparent platform for interested buyers to place offers, no matter the time of day or their location. Every buyer pays a non-refundable deposit, ensuring that they are financially tied to the purchase of the property at the agreed price, within a pre-established timeframe. All the buyer’s details are passed over to your solicitors, whilst the Pattinsons team oversees the whole process, all the way to completion.
So, if you’d like to sell at the price you want, with no estate agency fees, to a buyer who has a financial commitment, leaving you to move house when you want, sell your property via auction!
For further information, or for an auction appraisal, please contact the office on 01204 800 766.
Visit our auction microsite by clicking here.