We are the official partner and Agent for Iamsold, the largest residential auctioneer in the UK and pioneer of the Modern Method of Auction (MMoA).
We work with a network of 2,500 Partner Agents as an expansion of their business, enabling them to provide auction services to their clients and grow their business.
We offer a comprehensive range of end to end auction services, meaning Estate Agents can tailor the offering to their client's circumstances and preferences. From bespoke online auctions to live auction events, we work with our partners to find the best route for each client.
iamsold is the pioneer of the Modern Method of Auction and the market leader in online auctions, with over 60% market share. We offer the most complete and comprehensive range of property auction services in the UK, offering a range of auction types and formats to suit a client’s specific needs and circumstances.
Modern Method of Auction (Conditional)
Our most popular auction method, combining the best of both Private Treaty and Traditional Auction. Offering the speed, transparency, and security of a Traditional Auction but with an extended completion timeline of within 56 days. This extended timescale makes auction more accessible to a wider range of buyers including mortgage and first-time buyers, helping to generate a greater level of interest for a property.
Traditional Auction (Unconditional)
In Traditional Auction transactions, exchange of contracts takes place as soon as the auction ends. The buyer is required to pay a 10% deposit at the point of exchange and must complete within 28 days. This is the most secure and the fastest method of sale; however, it can limit interest to cash and investment buyers only.
A member of Our Valuation Team will contact you shortly with a choice of Dates. This is a no obligation, free and fair House / Property Valuation
The Valuer will Visit and Survey your Home and provide you with a Honest Value within an Hour
Value is an Opinion and Not the Sales Price, this is down to yourselves, we can only advise.
Are you thinking about Moving? Need some Advice on Improving your Home? We can give you a brief Home Survey and Advice on how to Improve your Property to maximise your equity.
Have you Sold your House and you're looking at number of purchase options, you may ask our opinion or you would like a Survey on a new purchase
Are you looking to invest, investment property is increasingly propular and there are many different options, we can provide our professional opinion on Real Estate Investments.
A member of Our Assessment Team will contact you shortly with a choice of Dates.
The Energy Assessor will Visit and Survey your Home and provide you with a EPC within the Next Working Day
Payment is required on the Day of the Assessment
Selling your property has never been easier with our Modern and Traditional Methods of Auction and there are some great benefits:
Complete Faster
On average, Private Treaty can take over 100 days to complete whereas auction provides fixed exchange and completion dates of between 28 and 56 days. This means you can plan your move more easily.
Security
With auction, buyers pay a non-refundable Reservation Fee or deposit to secure the property so all parties can move forward with confidence. A Reservation Agreement is also signed by the buyer, committing them to complete the purchase reducing the risk of a fall-through.
No Sale, No Fee
There is nothing to pay to enter your property into one of our auctions. There is an auction pack fee of £445.00 including VAT, however this is only payable by you if your property sells.
Optimised Exposure
An attractive starting bid increases interest and encourages competitive bidding between prospective buyers, which can help to drive up the final selling price of your property.
Reserve Price
We discuss and agree on an undisclosed Reserve Price with you in advance of the auction. This is the minimum amount you will accept for your property, providing you with additional security and peace of mind that comes from knowing you are fully in control of the selling price.
Did You Know?
Our average completion time is 54 days. With auction the fall-through rate is less than 5%, unlike Private Treaty which has an average fall-through rate of 30%!
Our specialists auction conveyancing company, Medway Law, provide Estate Agents and vendors with the guidance, expertise and knowledge they’ll need to ensure a smooth legal process from every auction sale. Benefits include;
No sale, no fee - providing you meet your sale obligations
Medway Law have a direct relationship with our in-house Sales Progression Team, who are in contact with them daily to ensure all parties are communicating effectively and that matters are progressed promptly.
As Medway Law prepare your Auction Pack for the property, they have existing knowledge of the property’s background. This will assist in providing a smoother conveyancing process.
To find out more visit www.medway-law.co.uk.
A Private Treaty sale is the most common method of residential property sales in the UK. However, it can often be an inefficient solution for vendors looking to complete their property sale quickly and securely.
A significant number of Estate Agents are now selling properties using the Modern Method of Auction (MMoA), which combines elements of Private Treaty and Traditional Auction.
MMoA provides an alternative to vendors and gives them the opportunity to sell their property in a transparent, secure and speedy manner. The fixed 56-day timescale and unique offering of MMoA opens the service to mortgage buyers, creating a larger and more competitive marketplace, which drives increased exposure and activity.
The increase in MMoA for buying and selling is changing the face of the industry. It allows Estate Agents to expand their service offering and boost their cash flow through fixed completion times and faster.
Auction and Private Treaty
The Modern method of Auction ensures speed with 56-day completion timescales, compared to 100+ days for a Private Treaty sale, with committed buyers and fewer fall-throughs.
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Abacus Valuations Ltd is a registered company at Orchard House, East Lound, Haxey, Doncaster. South Yorkshire DN9 2LR. Registered company Number is 13387578.
