Strettons Auction Contact

Strettons Auction – Contact

Founded in 1931, Strettons is a privately owned firm of property specialists covering both the commercial and residential property sectors. As well as property auctions, their competencies cover agency, asset management and valuation / advisory. With both residential and commercial expertise, Strettons operate London property auctions and also cover the entire UK.

Phone: 020 7637 4000

Email: Contact form

Website: https://www.strettons.co.uk/services/auctions/

Address: Waltham House, 11 Kirkdale Road, London E11 1HP

Can I sell my property at a property auction?

Yes of course. Generally speaking, no matter what the condition or type of property you will often find your house will be eligible for sale by auction. Property auctions attract a broad mix of buyers ranging from individuals looking for their next home through to professional investors. With such a diverse selection of buyers you will often find interest in your property (assuming it is priced correctly) even if your home is in a poor condition, located in a flood zone or with a short lease remaining.

How long does it typically take to sell my house at auction?

Property auctions typically take place on a monthly basis. With a number of auction houses to choose from, it won’t take long to line up an auction day. You should allow ample time beforehand to ensure your auction legal pack is ready and make sure you are booked in with the auction house before the auction deadline date. It is often a good idea to book your property into auction well ahead of the deadline date to ensure the auction house has sufficient time to market your property well. After the auction has taken place, the buyer typically has 28 days to complete, giving you the peace of mind of a committed timeframe.

Are there any fees to consider when selling my home at auction?

Yes, there are a number of fees and charges you must consider when deciding to sell at auction. You will have your own legal conveyancing fees to pay as well as the cost of preparing the required legal pack upfront. In addition, the auction house will charge what is often known as an “Entry Fee” and this is usually payable upfront. Finally, upon a successful sale of your property at auction, the auction house will charge a sale commission often based as a percentage of the final sale price of your property.

It may be possible to recover some of your auction related costs from the buyer by incorporating specific clauses in the “Special conditions of sale”. You should discuss this with your solicitor when preparing your legal pack.