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Bexleyheath, London

Questions you should ask a property auctioneer when selling your house or flat

If you are thinking about using a property auction to sell your home in Bexleyheath, there are pros and cons to the method – just as there are drawbacks and benefits of selling your home via an estate agent or fast buyer.

Among the potential benefits of an auction is the fact that you might have a lot of people looking to buy your house or flat and they keep trying to outbid each other, which will push the final sale price higher. And the date of the auction gives you some certainty about selling your home, as a winning bid is deemed a legally binding agreement to buy your home.

But there can be a few drawbacks of selling your home this way, including the fact that you might have to wait possibly a few weeks or longer after listing your property for sale until the auction takes place. And there could be an even lengthier wait after a successful auction if there are any delays in completing the paperwork involved with finalising the sale.

As a result, it’s useful to be as informed as possible before deciding on a particular auctioneer to sell your home. Use the questions below as helpful guidance on the top issues you should ask a property auctioneer so that you are fully aware of all aspects of the process.

How much commission will you charge me if the auction is successful?

Moving home can be expensive and that’s why it’s important you are able to prepare a budget as accurate as possible, and that includes knowing how much you can expect to pay an auctioneer for selling your home. They will charge you a percentage of the final sale price, although it’s possible that you might be able to make the winning bidder pay this cost.

What steps will you take to advertise my home ahead of the auction?

You want to know that an auctioneer will work hard to generate interest in your house or flat so that there is more than one person who wants to bid on it when the auction takes place. Asking this question will give you important details on how the auctioneer will prepare the listing for your property as well as the steps that they’ll take to advertise that listing.

What’s your success rate with selling my particular type of home?

Another good question to help you learn more about a specific auctioneer’s track record with successful sales, especially when dealing with your type of home. If you have a unique situation, for example you’re trying to sell an inherited retirement home, you will want reassurance that an auctioneer knows how to make sure such a property will sell.

Did you know? Top facts you can learn about the south London town of Bexleyheath

The town of Bexleyheath, part of the Bexley borough in south London, is a neighbourhood where LDN Properties is always happy to talk with anyone wanting to quickly sell their flat or house for a competitive and quick offer, with our promise you’ll never pay any fees.

Although the area was mostly pastural land for many centuries, in the mid-19th century property development began that has led to more development in modern times. And some of those buildings are now listed because of their important place in the district’s history.

• Bexleyheath includes the Grade I listed family home Red House, for which construction finished in 1860 and that is now overseen by the National Trust.
• Another local landmark is a clock tower that was constructed in 1912 in commemoration of King George V’s coronation in June 2011.
• There are many shops, restaurants and other businesses in the district, with a large number of them located in the covered Broadway Shopping Centre.
• Much of the modern residential development in the area occurred after the opening of the Bexleyheath railway station in May 1895.

Property resources to consider

• See the benefits of choosing LDN Properties as your home buyer

Locations close to Bexleyheath where we operate

Barnehurst Bexley Blendon Bostall Woods Crook Log Lesnes Abbey Lessness Heath Northumberland Heath Old Bexley Upper Belvedere Welling West Heath

Postcode sectors in the Bexleyheath area we cover

DA16 DA17 DA5 DA6 DA7 DA8 SE2