Selling in Norfolk

Interested in Selling? Interested to know how much your House, Land or Property might make at Auction?

Auction can often be the most effective method for selling property or land.

With a success rate of 97% for all properties offered in 2015 SOLD via auction (view 2015 results).

Norfolk is a significant region for Goldings and we cover all 2,074 square miles of the county.  We are proud to operate in the four major built-up areas of the university and cathedral city of Norwich, coastal town of Great Yarmouth and market towns of Kings Lynn and Thetford, plus all surrounding areas including the Norfolk Broads.  Local knowledge is a focus for our team.

Our speedy ‘Desktop Valuation’ service gives you a provisional snapshot of your property in terms of market value and Guide Price without the need for a physical on-site inspection.

Using Land Registry, comparable evidence and extensive local expertise, we will provide you with some figures within hours as a starting point to aid your decision-making and confirm if auction is the right choice for you.

For your FREE no obligation appraisal, complete the online form below.

Map of auction areas

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Why Goldings?

  • Family run independent Auction House
  • 97% average sale success (view results)
  • Work jointly with your existing agent
  • Full exposure to Auction Websites
  • 8000+ registered cash buyers
  • Competitive fees

Why Auctions?

  • Exchange on the auction day
  • Complete within 20 working days
  • No waiting for mortgages or surveys
  • Establish true market value
  • No abortive sales
  • Competitive bidding environment
…auction can be the most effective route to selling property.

A definitive and totally transparent process plus our comprehensive marketing strategy can achieve the best possible price/results on the day.

When the hammer falls the house or land is SOLD unconditionally…
no waiting for mortgage applications, surveys, solicitors enquiries or re-negotiations.

ADVANTAGES of selling by auction:
  • No doubts on sale price and timescale.
  • An immediate and binding contract is created on the fall of the gavel.
  • No negotiation – neither the seller nor buyer can withdraw.
  • The sale process from instruction to exchange takes only a few weeks.

Example selling situations:
  • Freeing up of assets/property disposal
  • Asset liquidation
  • House and property repossessions
  • Probate settlement/estate liquidation
  • Requirement for a defined timescale
Example property types can be:
  • Residential and commercial property, which may require refurbishment.
  • Tenanted houses and properties.
  • Land: building plots (with or without planning permission), amenity land, garden land, woodland and agricultural land.
  • Properties under dispute, forced sales or probate sales.
  • Unusual properties, difficult to value.
  • Non-standard construction or with structural defaults.

We always recommend that you seek independent, professional advice.
However, we offer a step-by step process and our guide covers important areas you may wish to consider.

What’s my property worth?

House, Land and Property valuations are FREE…
All our advice is impartial and without obligation.

Talk to us:

Telephone 01473 210200 to discuss your auction needs.

Dates

Choose the “Auctions” then “Future Auctions” tab on our website for the full property auction schedule.

Valuation methods

We use a number of tools to give an accurate house, land and property valuation:

  • Our team is well-established
  • Extensive local knowledge base
  • Land registry information
  • Comparable listings from credible property portals
  • Past ‘sold’ and actual ‘for sale’ house prices
  • Historical information taken directly from our auction house database

Reporting

We will provide an estimated figure that your house or property may achieve at auction together with proposed reserve and recommended published guide prices. We will also discuss our terms, conditions, fee structure and paperwork requirements.

Sales particulars

We send draft sales particulars to you for your approval, which include a full property description, photographs and where appropriate floorplans.
These will be your sales particulars that appear on the Internet and in our catalogue.

Legal documents

The Legal Pack will be available to download FREE from our website and at our auction house venue. We will instruct your solicitor to prepare a Legal Pack containing:

Special Conditions of Sale
  • Title documents
  • Leases
  • Searches
  • Planning documents
  • Land Registry entries
  • Energy performance certificate
Identification

Goldings Auctions operates a best practice operation and we strictly comply with the Money Laundering Regulations 2007.

To sell a house or property at auction, please supply two forms of identification:

  • Photo ID
  • Passport
  • Driving licence
  • Proof of residency
  • Bank statement
  • Utility or Council Tax bill

Communication

Our aim is to keep you updated during every step of the sale process from marketing to completion.

Commission
Our selling commission is charged on a No Sale-No Fee basis and is generally 3% including VAT of the sale price, however, each case is considered on an individual basis.

Entry/Cataloguing fee
This is a non-refundable fee of £500 including VAT payable at the point of confirming instructions to sell. In a probate environment, this fee can be deferred until after the sale.

Solicitor fees
Similar to selling property by any other method. We work with a number of specialised solicitor professionals. If you need our help, we can arrange for a competitive quote upon request.

Guide prices and reserves
Guide prices are provided as an indication of a vendor's minimum expectation and the level at which the reserve is set. Properties may not always sell within this guide and this figure may change at any time prior to the auction. The sale price will be dependent upon bidding in the auction room and on the Vendors' instructions. Each property will be sold subject to a reserve price, which will be set within, or below, the guide price range or no more than 10% above a single figure guide. This is a confidential figure set between the Vendor and the Auctioneer and is a figure below which the Auctioneer cannot sell the property. It is important that the reserve price is set at a competitive level which reflects the guide price. A provisional reserve will be confirmed in writing from the onset of marketing. Sold results average some 15% to 20% above reserve.

Our Marketing, Auction features
We operate a successful business model with a proven marketing strategy and the latest technology, techniques of which include:

When the Hammer Falls
Legally binding contract on the fall of the Auctioneer’s gavel. The buyer cannot:

  • Renegotiate.
  • Change any terms defined in the sale.

Buyer informational
The successful bidder must provide:

  • Name, address and telephone number of the buyer.
  • Solicitor details.
  • A cheque for 10% of the purchase price.
  • 2 forms of buyer identification, which is always checked at this point.

Clearance of all deposit cheques is administered post auction.

Exchange of Contracts
Contracts for the property sale are created in the auction house venue, known as the Memorandum of Sale.

  • 2 x Memorandum of Sale are signed by the buyer.
  • We sign the 2 x Memorandum of Sale on behalf of the seller.
  • The buyer retains 1 copy of the Memorandum of Sale.
  • We forward the other copy to the seller’s solicitor.

Completion of Sale
It’s sold!!! 
Normally finalised 20 working days after exchange of contracts. The deposit funds are paid to your solicitor minus our fees.

Unsold Property
In the unlikely event that your property does not meet its reserve, somebody may still wish to purchase it. 

You will need to:

  • Consider any further offers
  • Decide if a figure is acceptable to you
  • Advise us accordingly and we will then action the sale

Upon your instruction, we will continue to market your house or property. The property sale might even happen several days or weeks after the auction. We recommend that the auction contract is utilised with any post auction sales as this ensures the same commitment from the buyer, i.e. immediate payment of deposit and signing of contracts.

2017 Auction Schedule

Wednesday 19th July
Wednesday 4th October
Wednesday 6th December