Our flexible auction services
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.
The traditional method 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
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.
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“The house we purchased in Bearsted, was marketed through Simon Miller. Lucy was the agent and we could not have wished for better! From arranging the initial viewing, thru to completion, Lucy could not have done any more for us .”
David H, Purchaser
“After finding our perfect house, the brief for Lucy was that we needed to sell fast to ensure our offer was formally accepted. Our house was sold in 6 days to the first couple through the door. Amazing!”
Emma T, Vendor
“Being first time buyers, Sam has been very informative throughout, professional and very friendly. Sam went above and beyond customer service expectations. Such a credit to the company.”
Tony G, Purchaser
“Sam was fantastic throughout with a friendly yet professional service. He was helpful on the follow up of the purchase in terms of dealing with solicitors etc and lead to a smooth purchase process.”