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How to sell your home at Auction

Last Updated 27/06/2022

What is an auction?

A timed online auction is the process of buying a property by through bids.

Each property will be listed with a Guide Price but the property will need to hit the reserve price in order to sell. The reserve price is kept confidential.

The Pros of Buying or Selling at Auction

Auction sales complete a lot quicker compared to regular transactions

Properties that require renovation or have any potential to add value always sell well at auction

Once the auction ends then contracts are exchanged and the purchaser is legally committed to the purchase

There is no chance of gazumping

How to Bid

We market at auction in partnership with our auctioneers who will hold the legal pack for all auction properties. After arranging a viewing of the property through ourselves, you can place a bid online before the auction end date.

When the Auction ends

Once the auction has ended and if you are the successful purchaser, the auction fees will be paid and the contracts exchanged immediately. The sale will complete in approximately 28 days.

Case Studies

Properties sold with Scrivins & Co via Auction:

Bumble Bee Lane, Sharnford

Guide Price £310,000

Sold: £401,000

This Two Bedroom Detached Bungalow on the outskirts of Sharnford was very popular due to its great plot. With a Guide Price of £310,000 many people came to view.

There were multiple bidders and it sold for £401,000. What a fantastic project to take on!

New Street Earl Shilton

Guide Price: £93,000

Sold: £99,000

A Two Bedroom Mid Terrace close to the centre of Earl Shilton was a great find for any potential buyer. It went to auction with a Guide Price of £93,000 and sold for £99,000.

Chapel Street Barwell

Guide Price: £110,000

Sold: £116,000

Two Bedroom end terrace in Barwell hit the market with a Guide Price of £110,000. The successful buyer won the auction at £116,000.

Moore Road Barwell

This property in Barwell was very well presented inside, is of non standard steel construction, and was well suited to auction.

It was snapped up at the Buy It Now price of £125,000.

Feel free to contact us should you have a property to sell, or to discuss our upcoming auctions!

01455 890480