Savills Auction Contact

Want to sell your house or flat through an auction? Contact the team at Savills Auctions.

Savills Auctions is able to find buyers at auction for many properties
The auction team of global property services provider Savills operates out of the company’s headquarters in London. Savills Auctions typically hosts auctions of 100 properties or more every month or at the very least every two months, providing an almost year-round opportunity for property owners to find a sale that works with their schedule no matter in which season they want to sell.
The long-established company notes on its website that it has more than 100 years of combined experience as property auctioneers, achieving successful sales worth tens of thousands of pounds. Their catalogues are available online and include many types of properties such as detached houses, flats, selling land and even mixed-use properties with ground floor retail space but residential accommodations above. Each listing also includes the minimum reserve price, which is the lowest value at which the owner agrees to sell the property at an auction.
Savills Auctions holds its auctions in person, but it does allow potential buyers to register and bid online in real time if they are unable to attend the auction where it’s being held. It also takes steps to ensure buyers follow through with their bids, noting that a qualified bid is binding and also requiring the payment of a 10 percent despite and buyers’ fees for a successful purchase.

Telephone number: (020) 7824 9091

Email: Browse team members and contact them at Contact form

Website: https://auctions.savills.co.uk

Address: 33 Margaret St, London, W1G 0JD

Top details to discover about selling a property through an auction

If you would like to auction your freehold or leasehold flat or house, contact an auctioneer and they will prepare a listing for your home. This will include photographs of the property along with a description of its size, rooms, and overall condition. The auctioneer will advertise this listing in local newspapers, online and elsewhere to notify potential buyers about the upcoming sale.
There could be a few weeks to wait between the date of listing your property and when the auction takes place. On the day of the auction, people will be invited to start bidding on your home at the opening reserve price – the lowest price at which you will accept the property selling. If nobody bids on your home then it will not sell. If only one person bids at the reserve price, that is a legally enforceable agreement to purchase your home at that value. And if multiple people bid on your home the final sale price will hopefully be higher.
You might have to wait a few weeks after a successful auction whilst the required legal paperwork for the transfer of the property’s ownership is completed. But most auction houses require that buyers complete all of this work entirely within 28 days of the auction happening, which ensures a relatively speedy sale if someone bids to purchase your property.