Through our trusted auction partner, Durden & Hunt Estate Agents offer vendors an alternative route to market that delivers greater speed, security and certainty when selling their property.
Our most popular auction method, provides speed, security and transparency,whilst the fixed 56-day timescales open interest up to mortgage and cash buyers.
The quickest and most secure method of sale. However, as the timescales are just 28 days, interest is limited to cash buyers.
Selling on the open market is the most popular sales method, providing flexible timescales to allow for chains and maximise the selling price.
The Modern Method of Auction combines the transparency of an online auction with the flexibility of a traditional property sale, providing buyers with additional time to arrange finance while giving sellers increased confidence in the transaction. This innovative selling method is ideal for those looking to achieve a secure sale within a defined timeframe, helping to reduce the risk of fall-throughs and unnecessary delays compared with the traditional private treaty process.
Whether you're selling a residential property, investment opportunity or development project, our experienced team will guide you through every stage, ensuring a straightforward, efficient and stress-free selling experience.
on average to complete
fall through rate
no estate agent fees
buyer reservation fee
Traditional auctions provide complete transparency throughout the bidding process, with contracts exchanged immediately when the auction ends and completion typically taking place within 28 days. This method is particularly suited to properties that attract strong investor interest, require refurbishment, or where a quick and certain sale is a priority.
Whether you're selling a residential property, investment opportunity or development project, our experienced team will guide you through every stage of the auction process, helping you achieve the best possible outcome with confidence, efficiency and minimal risk of the sale falling through.
on average to complete
fall through rate
no estate agent fees
buyer reservation fee
Drive up your final price with competitive bidding. Transparent bidding promotes competition, helping you get the best possible price.
Secure your minimum sales price with a reserve. Your sale is secured with a pre-agreed Reserve Price, meaning you’ll not sell for less than that.
Securing the sale with a Reservation Fee With each auction method, a non-refundable Reservation Fee is payable, this is typically 4.5%, with a minimum of £9,600 inc. VAT. In most cases the buyer pays this at the point the sale is agreed, as this commits them to the purchase and secures the property exclusively to them.
Pricing Strategy
To encourage as much interest as possible, your experienced Auction Specialist will discuss a pricing strategy for your property with you. This will include a Reserve Price, the minimum price you’re willing to accept for your property’s sale and a Starting Price. These are designed to help drive interest and keep you in control.
Getting Prepared
Your estate agent will prepare your property details, including photographs and the EPC, while essential checks and the auction legal pack are arranged. You'll need to complete ID verification, provide property information, and instruct a solicitor before the auction where possible. For leasehold properties, a Management Pack may also be required from the freeholder or managing agent. Completing these steps early helps ensure a smooth and efficient auction process.
Pre-Auction Marketing
We begin to advertise your property whilst the Auction Pack is being prepared, generating as much exposure, interest and as many viewings as possible. The more activity and interest in your property, the more likely there is to be competitive bidding which can drive up your property’s final selling price!
Ready To Go
Once the Auction Pack is complete, your Auction Specialist will discuss the best timeframe with you and set out your property’s auction start and end date, and then, bidding can begin.
Bidding
Interested parties who have registered can bid on your property. Typically, the auction will end when the auction timer runs out. The sale will only be agreed if a bid is received on or above your Reserve Price after the auction has ended. If a bidder places a bid within the last two minutes, the timer will reset to two minutes to ensure everyone has a chance to place their bid, and to encourage the best possible selling price for your property.
Your Property Has Sold
Depending on the method of auction you’ve chosen, the buyer will have either 28 or 56 days* from receipt of a draft contract to complete the purchase. In both cases, the buyer will have paid a Reservation Fee to reserve the property, so they’re fully committed to the purchase.
Next Steps
Our expert Completions Team will help to take the sale through to the final stage of the process, keeping you updated every step of the way until your completion is finalised.
One of our dedicated team will be in touch
