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At Whites Estate Agents in Salisbury, we have partnered with forward-thinking and innovative online auctioneers Whoobid as means of providing our vendors with a transparent way of selling their properties. We have found auctions to be a great way of securing a quick house sale or for those struggling to sell for a specific reason, or indeed that have a property that is perhaps in need of modernisation.
We offer two types of online auctions:
These work as you would imagine, with an exchange happening on the fall of the hammer and completion following within 28 days. The only difference is the process is now online, allowing people to bid from the comfort of their own homes, thus taking the anxiety and pressure away that often comes with auction room sales and opening the market up to a wider range of buyers.
At the end of the auction, the winning bidder is bound by our terms and the Buyer's Premium will be paid.
Modern Style Auctions
The process works similarly to the traditional auction, but the concept is a little different. At the end of the auction, the winning bidder (over the reserve price) enters into an exclusivity agreement wherein they have 28 days to exchange contracts; otherwise, they lose their deposit. This approach allows buyers more time to arrange things like finance that are often trickier for some buyers within a traditional auction format.
For more information on Whites auction services or to speak to Whites about selling your property, please call us on 01722 336 422 or book a FREE valuation online.