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SECURITY ALERT TO PUBLIC

WE HAVE BEEN HACKED

UNFORTUNATELY, OVER THE WEEKEND OF THE 24TH & 25TH OCTOBER OUR PORTAL FEEDS WERE HACKED. IF YOU RECEIVE ANY EMAILS REGARDING ANY PROPERTIES FOUND ON ZOOPLA OR ON THE MARKET, PLEASE DO NOT SEND THEM ANY MONEY OR DEPOSIT, AS THIS IS A SCAM. YOU CAN CALL US DIRECT ON 01704 531541. WE WILL NEVER ASK YOU FOR ANY MONEY. APOLOGIES PENNY JOSEPH

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FAQ'S SELLING & BUYING PROPERTY AT AUCTION

Buying Property through Auction

  • We facilitate the vendor, buyer and organise the property particulars for the auction.
  • We ensure that the buyer has all the information they need.
  • We undertake viewings of the auction property.
  • We liaise between vendor and buyer.
  • We facilitate in the sales exchange and completion.
  • We can offer advice on property investment, rental yields, property management and refurbishment.

There are 2, types of auction – conditional and unconditional.

UNCONDITIONAL PROPERTY AUCTION

In an unconditional auction, contracts are exchanged to the winning bidder immediately. Through unconditional auction, properties are actively promoted, prior to the public auction date, viewings are undertaken, and legal packs are made available. Bids can be made prior to the public auction and the vendor can accept the buyer’s offer. In such a case when the vendor agrees a price with the buyer, a 5% deposit of the sale price is paid immediately, along with the (Buyers Premium), which is usually £5000 + VAT. The property is then taken off auction. The buyer has then 28-days to pay the remaining money and the sale is complete. 

Conditional auction is within the auction room under a bidding process. The winning bidder will pay a reservation fee, and during a 28-day exclusivity period, the buyer will organise the payment/funding and set a completion date, which would usually fall within 8-weeks of placing the winning bid.

When buying a property at auction, the winning bidder pay’s a Buyer’s Premium. This is a fee to the auction house. The fee can vary depending on the price of the property. Properties will state what the buyer’s premium is.

We operate an unconditional auction

No, you can use your own preferred solicitor. But, we do have our own in-house conveyancing team, if you would like to use them instead.

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Buying Property through Auction

  • We facilitate the vendor, buyer and organise the property particulars for the auction.
  • We ensure that the buyer has all the information they need.
  • We undertake viewings of the auction property.
  • We liaise between vendor and buyer.
  • We facilitate in the sales exchange and completion.
  • We can offer advice on property investment, rental yields, property management and refurbishment.

There are 2, types of auction – conditional and unconditional.

UNCONDITIONAL PROPERTY AUCTION

In an unconditional auction, contracts are exchanged to the winning bidder immediately. Through unconditional auction, properties are actively promoted, prior to the public auction date, viewings are undertaken, and legal packs are made available. Bids can be made prior to the public auction and the vendor can accept the buyer’s offer. In such a case when the vendor agrees a price with the buyer, a 5% deposit of the sale price is paid immediately, along with the (Buyers Premium), which is usually £5000 + VAT. The property is then taken off auction. The buyer has then 28-days to pay the remaining money and the sale is complete. 

Conditional auction is within the auction room under a bidding process. The winning bidder will pay a reservation fee, and during a 28-day exclusivity period, the buyer will organise the payment/funding and set a completion date, which would usually fall within 8-weeks of placing the winning bid.

When buying a property at auction, the winning bidder pay’s a Buyer’s Premium. This is a fee to the auction house. The fee can vary depending on the price of the property. Properties will state what the buyer’s premium is.

We operate an unconditional auction

No, you can use your own preferred solicitor. But, we do have our own in-house conveyancing team, if you would like to use them instead.

Load More

Best Property Auction House

I didn't believe I could sell my portfolio and pay no fees to the agency, - but that's exactly what happened. I got the price I expected on my houses, and more on others that I expected to get less for. The best part was that I didn't have to wait for the public auction, because they could sell it off before the date and the money was in my bank within weeks. Brilliant! E J Tinsley Landlord Lancashire

The most cost-effective letting agent I've come across

Penny Joseph has saved me thousands in agency fees, and looked after my properties professionally and to a high standard. The longest rental void I had with them was just 6-days. Thank you. S Ralli Landlord Liverpool

I sold my flat for more than I expected at auction

Excellent service and completely surprised at no agency fees. M. Watson, Homeowner

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WE DO NOT CHARGE ANY TENANT FEES OR ADMINISTRATION CHARGE ON TENANCY APPLICATIONS

ALONG WITH OUR FREE TENANT APPLICATION WE OFFER FREE TENANT REFERENCE AND CREDIT CHECKS ON ALL PROSPECTIVE TENANTS

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WHY PAY EXPENSIVE DEPOSITS WHEN YOU CAN PAY LESS AND STILL BE SECURED BY A TENANT DEPOSIT? OUR NIL DEPOSIT SCHEME MAKES THIS POSSIBLE FOR OUR TENANTS WITHOUT WORRY TO LANDLORDS

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Whether you are a tenant looking for a home to rent, or a landlord looking for property management solutions, call us today on 01704 531541 to hear how we can help you

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