Benefits of Selling at Auction

There are also many benefits to auctions.

Putting your property up for auction won't cost you a penny until it sells.

Iamsold charge an auction pack fee of £395 inc VAT once the sale is completed on your sale.

0% commission.

No sale, no fee 

Can I use my own Solicitor

Yes, of course you can use your solicitor.

The cost of the Auction pack is £445 inc VAT

Selling at Auction . How it works

You, the seller, could keep all the money from the sale. This is because the buyer pays a non-refundable reservation fee, typically 4.2% inc VAT of the purchase price (subject to a minimum of £6,000 inc VAT). At this point the buyer will sign a reservation agreement which secures them the property.

On-line or live auctions?

Transaction security

With the buyer signing a reservation agreement and paying a non-refundable reservation fee, 95% of Iamsold's transactions go on to complete*. With private treaty (open market) transactions, on average 70% break down leaving buyers and sellers with frustration and costs to pay.

Undisclosed reservation price

Every auction has a reservation price which is set by the seller. This ensures the property will never be sold at a price that the seller isn't happy with.

56 day completion timescale

These fixed, realistic timescales are set from the start to ensure the process runs as quickly and smoothly as possible. On average, Iamsold's completion rate is 44 days, compared to 126 days for private treaty sales**.