If you're considering selling in an auction, spend 10 minutes talking to us first. We can probably save you £000's and sell just as quickly.
As a former auctioneer I have seen hundreds of people who can't reduce their price enough in order to achieve a sale by auction. In general you will be looking at getting a maximum 80% of the value of your property (before the auctioneer and legal fees).
It's also a bit of a myth that auctions are quick ways to sell, as most auction houses have sales every 2 months. Plus you have the uncertainty over what price you may get, and the risk of not achieving a sale at all.
At Swift we aim for 90% - 100% of value and a sale within 28 days.
See how we compare:
| Property Auction | SwiftResidential | |||
| Quick Sales? |  |
Well actually no, auction houses generally only have 7 auctions a year. |  |
Yes we're selling property in 28 days. |
| Entry Fees? | |
Yes | |
None |
| Sale Price | |
Reserves are usually set 20% below market value, you may get lucky on the day or you may not | |
Top Prices Paid. We want to sell fast but aim for 90%-100% of value. |
| Local knowledge? | |
Not really, most auction houses are national, and their surveyors won't know the area | |
We have agents throughout the UK whose business is to understand your local property market |
| Personal service? | |
Not really, surveyors are juggling mass listings for each auction | |
Yes |
| Appeals to all buyers? | |
Many buyers are nervous of buying at auction, as there's no time for a survey prior to bidding | |
Yes, all our buyers are pre qualified by us and in a position to proceed |
| Coverage | |
Limited online and print advertising | |
Maximum exposure with property listed on 150 property portals |
| Availability | |
Office Hours | |
Available 24/7 |
| All property types? | |
No, mainly investment and non standard property | |
Yes. We sell homes, investments, empty or lived in, even commercial and tenanted property |
| Legal fees | |
You pay all fees up front, prior to auction | |
Generally legal fees will be taken out of the sale proceeds |
| Risk | |
No time for a survey prior to the auction means that buyers at increased risk hence the lower values | |
Buyers are able to follow all the usual due diligence required, all covered by solicitors and legal process |
Cash Buying Companies? - compare Cash Buyers to Swift
Traditional Estate Agents? - compare Estate Agents to Swift.
Self Listing Websites? - compare Listing Sites to Swift
