Online Auctions at Haslams

If your property is chain free, selling through Haslams via online timed auctions could help you achieve the best price, a faster sale and with more certainty.

What are the benefits of Online Auctions?

Speed

Sell faster. With no lengthy conveyancing process once your buyer has been found, you can benefit from a fast, more certain sale.

Certainty

With an instant exchange of contracts, you can have confidence and certainty that your sale will proceed and avoid buyers withdrawing or renegotiating.

Best Price

With open, transparent bidding that can only go upwards to a broader group of buyers, you can achieve the best possible price.

Exposure

Bidders can bid from anywhere in the world. We have over 70,000 buyers on our database to provide the best exposure for your properties.

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Selling homes across the Thames Valley

For over 185 years, Haslams has been successfully handling property transactions across the Thames Valley. We focus on delivering practical solutions for our customers, including the use of Online Auctions. If you’re considering buying or selling via online auctions, get in touch with us today to explore the most suitable approach for your property.

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Selling property via online auctions

Auctions frequently offer an opportunity to secure a sale within a tight timeframe. If you are selling, rest assured that your property will only sell once your pre-arranged reserve price has been met or exceeded, which can often be more than expected. With an instant exchange of contracts, both sellers and buyers can have confidence that the sale will proceed and avoid withdrawing or renegotiating.

 

Find out more about the benefits of online auctions

Traditional Sales Process

  1. 1When the auction finishes

    At the end of the auction, when the timer reaches zero and your reserve price has been met or exceeded, you and your buyer have exchanged. The buyer will be charged a fee that will have been specified in advance.

  2. 2Sales Memorandum

    The agent will sign the sales memorandum on your behalf as evidence an exchange has taken place, and forms part of the contract of sale. The buyer now has a specified timescale (usually 20 working days) to complete the sale.

  3. 3Prepare for completion

    You should contact your solicitor and make sure that they have everything ready to send to the buyer’s solicitors in time for completion. The buyer will contact their solicitor and make sure they have everything in place for this same deadline.

  4. 4Completion

    Congratulations! You have just completed on a property sale using the traditional online auction sales process.

The Conditional Sales Process

  1. 1When the auction finishes

    At the end of the auction, when the timer reaches zero and your reserve price has been met or exceeded, you and your buyer have exchanged. The buyer will be charged a buyer fee and you will both enter into a reservation agreement.

  2. 2Reservation agreement

    The agent will sign a reservation agreement on your behalf as evidence that a reservation has taken place. The buyer now has a specified time period (usually 20 working days) to finalise and be ready to exchange contracts.

  3. 3Preparing for the exchange of contracts

    You should contact your solicitor to ensure everything is ready to send to the buyer’s solicitors and arrange for the exchange of contracts by the deadline. The buyer should contact their solicitor and have everything in place for the same deadline. The buyer will forfeit the buyer fee if they fail to meet the deadline.

  4. 4Completion

    Once contracts have exchanged the property will shortly complete and has sold through the conditional online auction process. Congratulations!

ONLINE AUCTIONS Property For Sale