…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:

• Our website: www.goldingsauctions.co.uk
• Property portals: www.eigroup.co.uk, www.rightmove.co.uk
• Targeted email marketing to 10,000+ registered buyers
• Contemporary, striking catalogue design
• Multiple open viewings
• PR from editorials within local publications
• Prestigious auction house venue close to A12/A14

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!!! 

2018 Auction Schedule

Wednesday 28 February

Wednesday 09 May

Wednesday 18 July

Wednesday 26 September

Wednesday 05 December 

Click to download