Property Auctions

In addition to selling property by private treaty or tender we offer property for sale at public auction.

Auctioning a property has a number of benefits for both buyer and seller. The main advantage is that much of the trauma and delay, associated with buying and selling property is eliminated, as the dates of both the auction and completion are fixed.

Secondly, the transparency of Auction means that the buyer can clearly see what is happening and can decide whether or not to bid, with all potential buyers having the same opportunity to acquire the property. The contract becomes binding on the fall of the auctioneer’s gavel, with completion taking place normally within 28 days.

From the sellers point of view, if there is likely to be strong competition between would be buyers, this method of sale is an excellent way of achieving a premium price, often at a higher price than by conventional private treaty.

Although the auctioneer acts on behalf of the seller, to whom he owes duty of care, best advice and confidentially, he is also bound to provide accurate information to the bidders, keeping them informed of any changes right up to the moment of the auction.

Auction provides a defined time scale for exchange of contracts and completion and ensures everyone involved knows exactly where they stand.

Our Auctioneer, Mark Weldon MNAEA is a graduate of the National Association of Estate Agents courses on Property Auctions. His knowledge and experience ensures if you instruct Weldon and King Estate Agents to sell by auction, all the current laws related to this specialised form of selling are adhered to.

Importantly, our auctions are conducted in accordance with the Royal Institute of Chartered Surveyors General Conditions of Sale.

If you are now wondering if auction would suit your property then please call Mark Weldon to arrange an appraisal or emailĀ