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Buying a Property at Auction

20 Sep 2018
Buying a Property at Auction

Northfields have recently joined a UK Auction Network, called I Am sold, and now our vendors have the opportunity of selling their property via the Modern Auction Process.

THE BENEFITS TO SELLING AT AUCTION ARE:

 

AUCTION PROPERTIES AT NORTHFIELDS ESTATES0% COMMISSION

Vendors pay no estate agency fees and keep the full selling price

AUCTION PROPERTIES AT NORTHFIELDSSECURITY

Buyer paid RESERVATION FEE secures the sale and allows all parties to move forward with complete confidence.

AUCTION PROPERTIES AT NORTHFIELDSSPEED

Fixed but realistic time-frames allow for greater interest from a wider variety of buyers.  Exchange and completion will happen within a swift 56 days.

AUCTION PROPERTIES AT NORTHFIELDSMAXIMUM INTEREST

 

 

Greater exposure and increased interest results in competitive bidding between prospective buyers which drives up the selling price.

 

We have 3 OPTIONS AVAILABLE to choose from:

 

OPTION 1

£395 inclusive VAT on completion, when you choose to use our conveyancing panel for the legal paperwork and conveyancing of your property.  The fee only becomes payable upon the action being successfully concluded.  If the property does not sell, the fee will not become payable at all.  The conveyancing cost is separate and will vary depending upon the property purchase price.

OPTION 2

£445 inclusive VAT for the legal paperwork, when you choose to source your own conveyancing provider (again, the cost of this is for you to negotiate with your conveyancer).  The fee only becomes payable upon the auction being successfully concluded.  If the property does not sell, the fee will not become payable at all.

OPTION 3

Alternatively, you can use your own solicitor for the full works, legal docs and conveyancing and there’s no charge from us for that.

You can download our AUCTION BROCHURE HERE

BUYERS:

This is how the Auction Process works, it’s simple!

 

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