Our experience and expertise enables us to provide a professional and unrivalled auction service with the highest success rate in the region.
Our property Auctions offer one of the most simple and effective ways to buy and sell all types of property and land. Sellers at Auction will benefit not only from the best price under competitive bidding at the Auction, but also the speed and security that an Auction sale provides.
"We are just over the moon, the auction was amazing as you all are at Maggs & Allen! We are absolutely thrilled with the result and found the auction very exciting. We are delighted to have chosen Maggs & Allen to auction our property and found the service to be 10/10."Mrs M Taverner
Yes, we will provide a recommended reserve price following our initial valuation but this figure is agreed with you prior to marketing commencing. We will monitor interest levels during the marketing period and the reserve can be adjusted closer to the date of the auction if required.
You should instruct your solicitor to prepare the legal pack at the same point that you instruct us to auction the property. Ideally, we would like to receive the legal pack no later than 2 weeks before the auction date to allow buyers sufficient time to review the legal documentation.
This will depend on the individual property but properties in need of refurbishment often present better if they have been cleared of the contents. We will be able to advise on this at our initial valuation and we work closely with a trusted house clearance company that we can recommend.
Yes, once a buyer has viewed the property and we have received the legal pack they do have the option of making an offer prior to the auction. If the offer is at an acceptable level to you it can be accepted on the basis that the buyer exchanges contracts and pays the 10% deposit prior to the auction. All marketing and viewings would continue until an exchange takes place, putting you in the driving seat.
Buyers will be able to bid online, via telephone or via proxy. All bidders are required to register for the auction, provide their identity documents and provide a preliminary deposit before they are authorised to bid at the auction.
You might be surprised by how little it costs to sell at auction. There is an entry fee of £350 plus VAT which is payable up-front and then a commission (a percentage of the sale price) which is generally comparable to that which a traditional estate agent would charge. The commission is only payable upon contracts being successfully exchanged.
As we hold the highest success rate in the region it is not often that a property fails to meet its reserve price. However, it does happen on occasion and we are usually able to secure an acceptable offer and exchange contracts in the days following the auction. If required, we can enter the property into the next available auction at no extra cost.
The Ministry of Housing Communities & Local Government have confirmed the housing market remains open.
All of our departments will be open for business as usual but please be assured that stringent measures are being followed to ensure of the safety of all our clients and staff.
We will continue to offer both physical and virtual valuations and viewings for residential, auction, commercial and lettings as will at our full range of RICS surveys.
If we can be of any assistance please get in touch:
Henleaze: 0117 949 9000
Clifton: 0117 973 4940
