Sellers FAQs

Properties Under The Hammer specializes in selling a diverse range of property types and values, including residential properties, commercial properties, mixed-use properties, and land. If you’re interested in selling a property, please don’t hesitate to contact one of our staff members.

Unlike other auctioneers, Properties Under The Hammer does not charge an entry fee. We only charge a fee upon the successful sale of a property. This approach significantly lowers the barrier to entry and makes the decision to sell with us much easier.

With our efficient processes, we can help you sell your property in as little as 4 weeks from the auction day. Proper and sufficient marketing of the property is crucial. Generally, properties are marketed for 4 to 6 weeks leading up to the auction day, allowing us to attract a larger pool of interested parties.

A seller’s fee refers to the commission paid to the auctioneer upon the successful exchange of contracts. The specific rate of the fee varies depending on the property. For more detailed information, please reach out to one of our staff members.

There are no specific criteria dictating the suitability of properties for auctions. The decision to sell through auctions or real estate agents should be based on the urgency with which you want to sell a property. Auctions generally facilitate property sales at a significantly faster pace compared to real estate agents.

Absolutely. You can establish a Reserve Price, which represents the minimum amount at which you are willing to sell your property. If the maximum bid does not meet or exceed the reserve price, the sale cannot proceed. This ensures that you will not sell your property for significantly less than your desired price.

As part of our valuation process, a staff member will visit the property to conduct an inspection and assess its condition. We will also ask you additional questions to gain a better understanding of the property. Based on our evaluation, we will provide an estimated selling price and recommend an appropriate guide price.

We employ a variety of effective marketing strategies to promote properties, including but not limited to popular online property platforms such as Rightmove and Zoopla, our own website, our private investor database, office advertisements, and sign boards.

There are several compelling reasons to sell your property through Properties Under The Hammer rather than a real estate agent or other auctioneers. Firstly, our process is designed for speed, with transfers and contract exchanges typically completed within 28 days of the auction. This is significantly faster compared to the potentially months-long process with a real estate agency.

Secondly, selling through our auction provides certainty. As soon as the auction ends, the highest bidder is contractually obligated to purchase the property, provided the reserve amount is met. This eliminates time-consuming negotiations and uncertainties.

Lastly, we have a low barrier to entry. We don’t require any upfront fees to start marketing your property, offering you peace of mind knowing that you won’t incur unnecessary costs if we don’t facilitate a sale.

Yes, you will need a solicitor to prepare the legal packs for the property and handle the conveyancing process once the sale is confirmed. It is advisable to choose a solicitor with auction experience, as specialized expertise is often required.

It is generally not recommended to list your property with a real estate agent before exploring the auction option. Freshly listed properties tend to generate more interest from the public compared to those that have been on the market for an extended period. If you have the intention to sell through an auction, it’s advisable to pursue that avenue directly.

Properties in auctions often sell for higher than their guide price, although there are no guarantees. The final selling price is influenced by factors such as the level of interest, the initial guide price, and the marketing efforts employed by our team and auctioneer.

Once the gavel falls, the sale becomes legally binding. Buyers cannot change their mind without incurring significant financial penalties.

No, it is not possible to renegotiate the price after the auction concludes. The sale contract is fixed, confirmed, and exchanged at the end of the auction.

No, that is not necessarily the case. Properties marketed and priced appropriately have the potential to achieve higher selling prices compared to traditional real estate sales. We recommend contacting a member of our staff to discuss your specific property and circumstances in more detail.