iamsold is the pioneer of the modern method of auction and no other auction provider in the UK and Ireland offers estate agents such a complete and comprehensive range of property auction services.
Over 2,000 estate agent branches currently combine their local knowledge and property expertise with our award-winning auction service, allowing them to offer their sellers and buyers with both traditional and modern methods of auction.
A familiar auction method that usually takes place at a live auction event. It offers the buyer and seller speed and complete security as the buyer makes payment of a 10% deposit and exchange of contracts takes place straight away. Completion takes place 28 days later.
These more restrictive timeframes can limit interest to cash buyers and investors so its usually best suited to those that need a quick sale, are not in a chain, or have a property that wouldn’t be considered as suitable for mortgage lending.
The modern method of auction combines elements of private treaty and traditional auction, making it a more accessible auction method. These auctions usually take place online, creating a larger marketplace which helps gather more interest and activity.
This method offers the security of traditional auction as the buyer pays a non-refundable reservation fee and signs a reservation form, committing them to the purchase. Like traditional auction this method has fixed timescales, however these are 56 days to complete making this auction method accessible to mortgage and residential buyers as well as investors and cash buyers.
This method is often best suited to sellers that are looking for the speed and security of an auction with a larger buyer market.
*Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the starting bid, both the starting bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is powered by IAM Sold.
If you are considering selling your home or property in the North East then let our local expertise work in your favour. We will work with you to agree a marketing plan to suit the needs of your property, designed to achieve the best possible price for your home. When selling your house we will consider every aspect of the transaction, working within the timescales available and in relation to the market conditions in the area. One of the main benefits of selling your property through our agency is that the details of your home will be published online reaching not only local buyers, but also regional and national home movers. We are fully committed to providing the highest quality selling service in the property market. We provide this at competitive commission rates, delivered on a no sale, no fee basis. Please do not hesitate to contact us via phone, fax or email so we can contact you without delay to assist selling your property.