Our experienced team of Valuers & Auctioneers can offer vendors a complete auction service. We can provide no obligation FREE Auction Valuation & Fee Quote for vendors who may consider auctioning property. This is known as an 'Auction Appraisal' which will detail the current market demand and likely auction selling price for which a property may achieve at one of our live auction events. Vendors can then decide whether or not they wish to enter their property into a forthcoming auction. The appraisal will also include a quotation for marketing fees & auctioneers commission.
If you are happy with your auction appraisal and decide to enter your property into our forthcoming auction we will send you correspondence by email or post (or you can come to our sales office) which you must return stating your agreement to our terms of sale. We will also require a verification of your identity and your solicitors details at this time. If you currently have a contract with another marketing agent you can either wait until the marketing period expires or we can contact the agent on your behalf and auction the property as a joint agent.
You will be required to contact your solicitor and let them know that you have instructed us to auction your property. We will then forward the templates for the auction legal pack to your solicitor and they will prepare your pack and post this to us prior to the auction date. If you do not have a solicitor already we can get you a quote from our recommended solicitors firm...
A Home Report is required for every residential property for sale in Scotland – and our Chartered Surveyors are on hand to meet your needs. There are some exeptions where properties do not require home reports like unsafe and uninhabitable properties, portfolios and mixed use properties. Select Surveyors Ltd can provide you with a free, no obligation, quotation for the provision of your home report. Please click the below link to visit their website for a free quotation...
Your property is added to our professionally designed auction catalogue and marketed to our extensive invester base across the UK by direct email, post, property webites (including rightmove.co.uk), direct buyer txt messaging & traditional paper based & media advertising. We will organise and hold a series of open guided viewings for buyers running up to the auction date. If you prefer we can hold one off guided viewings at a convenient time to suit both buyer & seller.
At live auction events all vendors are invited to attend the auction event however it is not mandatory if you are unable to attend for any reason. Prior to the auction you will have set a reserve price for your property and if the bidding reaches or exceeds this amount then the auctioneer will sign the auction agreement by hitting the Gavel (hammer). With our online auctions the bidding concludes at the set time. If anyone bids in the last minute of the time then bidding extends for another minute. If the bidding does not reach your reserve price then the auctioneer may hold the highest bid for you and declare a provisional bid. You can then decide whether you wish to accept this offer to which the buyer is bound.
Bidders can submit an offer at any time (Pre-Auction or Post-Auction) on any of our properties for the vendor to consider. If the vendor is willing to accept an offer and sell the property now the buyer will be required to pay an immediate 10% deposit (Min £3,000) to secure the purchase and withdraw the property from being offered at the next auction. To submit an offer buyers must browse to the property schedule on our website then click the "Submit an Offer" link, complete the offer details and submit. We will then contact the vendor with your offer and confirm the result asap. There is an element of negotiation usually but we will guide you through the sales process of course.
If an auction sale is agreed we will secure a 10% deposit from the buyer which is forwarded onto your solicitor less our agreed sales commission prior to the competion date. The buyer will pay the 90% balance through their solicitor on or prior to 28 days (4 weeks) from the auction date.
Future Auctions LTD are the UK & Ireland's premier dedicated land & property auction house. We offer flats, houses, land, residential, commercial property at large scale event and online auctions.