Mistoria Public Sale

FAQs for Sellers Considering Mistoria Public Sale

1. What is Mistoria Public Sale, and how does it work?

Mistoria Public Sale is a structured, transparent property selling process that combines effective marketing with competitive live bidding. Properties are marketed for 4–8 weeks before a live event determines the final buyer.

2. What are the key benefits of selling through Mistoria Public Sale?

Sellers benefit from no agency fees, a faster sales process, reduced risk of fall-throughs, and wider buyer exposure. The process ensures fair market value with real-time bidding.

3. How long does the Mistoria Public Sale process take?

The entire process typically takes 6–10 weeks, from initial marketing to sale completion. Cash buyers complete in 28 days, while mortgage buyers have up to 56 days.

4. Do I have to pay any fees to sell my property?

No, Mistoria Public Sale is free for sellers. Buyers pay a reservation fee, ensuring your property sale remains cost-free.

5. What is the difference between a Guide Price and a Reserve Price?

The Guide Price is a starting figure advertised to attract buyers, typically set 10% below the Reserve Price. The Reserve Price is the minimum amount you’re willing to accept for the property.

6. What happens if my property doesn’t reach the Reserve Price?

If bidding doesn’t meet the Reserve Price, the property won’t be sold. However, we’ll work with you to review the marketing strategy or explore alternative options.

7. How is my property marketed?

Mistoria creates a tailored marketing campaign, including updated photos, videos, and virtual tours, to ensure your property reaches the widest audience possible.

8. What do I need to do to prepare my property for sale?

You’ll need to provide access for photographs and viewings, set Guide and Reserve Prices, and arrange a legal pack with your solicitor to ensure a smooth sale.

9. What is a legal pack, and why is it required?

A legal pack contains essential documents like title deeds, searches, and contracts, providing buyers with all necessary information upfront. This helps speed up the sale process and ensures transparency.

10. Can I sell a tenanted property through Mistoria Public Sale?

Yes, tenanted properties are welcome. The process is ideal for landlords seeking to sell investment properties, as it attracts buyers interested in generating rental income.