Allsop person_addSIGN UP lock LOGIN AUCTIONS HOME Menu Selling at an Allsop Auction Allsop has been the leader in the UK's property auction market for many years and, as a result, we have the people, depth of experience and reputation necessary to hold well attended auction sales. We shall ensure a successful and profitable outcome for our clients’ property disposals. Can I speak to someone in the team? What information do you require to sell my property at auction? Is my property suitable for sale by auction? Who sells property at an Allsop auction? What are the benefits of selling by auction? What is the selling process? Why should I sell my property at an Allsop Auction? Watch our video guide to selling Can I speak to someone in the auction team? If you would like to discuss the selling process with a member of the team, or if you wish to discuss a property you might wish to sell at one of our auctions, we would be happy to hear from you. For full contact details visit our contact us page or: For residential properties please call: 020 7494 3686 For commercial properties please call: 020 7543 6780 What information do you require to sell my property at auction? To give you the best possible advice, all we will need to see initially would be: Full address of the property including post code Photographs (external and internal if possible) Tenure Tenancy details (if applicable) Floor plans, room sizes and/or areas (if available) Title plan To contact one of our partners, in confidence, for a property appraisal please click on one of the links below: Contact the Commercial Team Contact the Residential Team Is my property suitable for sale by auction? Most properties are suitable for sale by auction. However, auction may not always be the best route to market. We will advise you if we feel that there may be an alternative method of sale which might better suit you or the property. Who sells property at an Allsop auction? We have a wide range of vendors of both residential and commercial property ranging from owner occupiers and private investors to pension funds, property companies, receivers, trustees, banks, government bodies and local authorities. Selling Probate Property We have a long and established track record of selling probate property for trustees throughout the UK. Probate properties are particularly well-suited for sale by auction as most people want to sell the property as quickly and efficiently as possible. Click here for more information What are the benefits of selling at auction? Certainty of sale – Selling a property at auction offers an exceptional degree of certainty. A binding legal contract is formed on the fall of the hammer. The buyer is committed and no further negotiation is allowed. 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. Transparency – A property auction sale is totally transparent and provides the seller with the assurance that the best possible price has been achieved in open competition. Multiple disposals – A large number of properties can be included in an auction and sold on the same day What is the selling process? 1. 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. 2. 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. 3. Fees and Terms After our initial appraisal we will agree with you our terms and conditions of appointment, including entry fees and commission. 4. 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. 5. 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. 6. Marketing Every property in our auction catalogue benefits from wide exposure through intensive marketing campaigns. Online catalogue - We send regular email alerts to over 70,000 potential bidders who are registered on our website to receive details of our online catalogues. Website - Our website offers many features to buyers. These include search facilities, personalised Watchlists, remote bidding options and live streaming of the auction. Portals - We list suitable properties on the major property search portals Advertising - We run extensive online advertising campaigns for each auction and selected individual lots. We also run printed adverts in key publications. We will erect "For Sale" Boards where appropriate. Targeted Marketing - Alongside this broad marketing, we target individuals who have previously expressed an interest in similar properties, as well as adjacent occupiers, local agents, local developers, builders and property companies. 7. Reporting During the marketing period, all interest and enquiries are logged. We maintain close contact with all serious buyers and record the number of enquiries made. This allows us to advise you of the strength of interest in your property, as well as reporting any price indications or offers made prior to sale. 8. Online Documents Our online legal system deals with requests for documents. We will keep you advised of the number of legal packs downloaded by prospective bidders during the course of the marketing. 9. Reserve Price Two or three days before the auction, we shall advise and agree a reserve price with you in the light of the feedback received during the marketing campaign. If necessary, the guide price or guide range may also need to be adjusted at this point. 10. Auction day Binding Contracts - On the fall of the auctioneer’s hammer there is a binding contract and the purchaser is legally obliged to complete the purchase. A 10% deposit is paid to Allsop LLP (minimum £2,000). A buyer’s fee is also payable. 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. 11. Completion Once the property has sold, our standard conditions require for completion to take place 20 working days after the auction. This may be varied by your solicitor in the Special Conditions of Sale. Why should I sell my property at an Allsop auction? Allsop is the UK’s leading auctioneer of commercial and residential property Impartial advice – When advising on sales we always consider whether a property is suitable for sale by auction or private treaty. Allsop offers both methods. Our property auction and private treaty departments effectively work as one team, ensuring that our advice is impartial and carefully considered. Wide exposure – With our extensive marketing knowledge and contacts we guarantee wide exposure to the market through intensive marketing campaigns. Experience & service – Allsop has been synonymous with property auctions for over 100 years. Our auctioneers are amongst the most experienced and respected in the industry. We offer a streamlined service aimed at securing the best possible price for your property with the minimal amount of stress. We achieve results – We consistently sell over 80% of all properties entered into our auction. 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