The Valuation:
The valuation part of the process commences once the executor of the will has made the decision to use our services. After providing details of the property, we will do a desktop valuation and get in contact with the executer of the estate to run through the 'mechanics' such as agreeing a reserve price, auction timelines, and legal requirements.
If you are happy to proceed we send out your contract.
The Listing Stage:
Once the signed agreement has been received, we will book an instruction appointment, to gather photographs, property descriptions, floorplans etc. for the listing and marketing of your property.
The property will then be promoted across our marketing platforms, to generate as much interest as possible. During this phase an optional for-sale board is usually erected.
Legal Packs
The seller must provide a legal pack for potential buyers. You have two options to create this:
1, Provide Your Own Legal Pack: You use your own solicitor to prepare your legal pack.
Or
2, We can generate this for you: If you choose this option we will arrange for our solicitors to prepare the legal pack with no upfront cost to you.
If the property doesn’t sell, there’s no charge.
Once sold, £1495 will be deducted from completion funds to cover the legal pack.
Viewings and Enquiries:
We will liaise with the executor, to arrange access at a suitable time for viewing which are accompanied by when . Or if preferred, block viewings can be arranged to allow ease of access. Viewings are usually accompanied.
Every interested party that views the property, will have a follow up call to obtain feedback and to go through how they can place bids and ensure that they understand the buying process.
Auction Exchanges:
Once an acceptable bid wins your auction, we will organise the exchange of contracts and take any payment due.
Sales Progression:
Our auction team will liaise between the executor and the buyer with regards to all sales progression and updates.
The Completing Date:
The auction team will liaise with the executor and the buyer to discuss the completion date so that it is arranged in time for the exchange of contracts. The majority of our properties complete 28 days after the exchange date. If the property does not sell in the first round of the action the property can be re-listed.
N.B. Auction Length & Withdrawal
Auction lengths are tailored to each property, typically running on a 28-day cycle.
Vendors commit to a minimum of three calendar months (usually three cycles). After this period, the contract continues on a rolling basis unless a 28-day notice is served. The final auction cycle will align with the end of this notice period.