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Auction

 

Highcastle Estates work with partner agents who offer a complete and comprehensive range of property auction services. Both live and online auction events are held nationwide, providing local knowledge and expertise.

 

The Modern Method of Auction

 

This more accessible route creates a transparent platform for buyers and sellers combining the best aspects of traditional auction and private treaty sales. We offer more realistic yet fixed timescales, opening up the marketplace for buyers and sellers looking to arrange mortgages as their method of payment. The transaction has 56 days in which to complete with parties aiming to exchange contracts within 28 days of the Draft Contract being received by the buyer's solicitors. Whereas with traditional auctions, the exchange of contracts will usually take place as soon as the buyer has won the bid.

 

The Modern Method of Auction opens the auction market (once reserved for the professional investor or cash-ready buyer) up to residential buyers, creating a larger marketplace and more interest and activity than traditional auction. It is the preferred route for buying and selling via auction. This has increasingly changed the perception of auctions in the last decade.

 

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CONTACT

Tel: +44(0)203 026 4420 | info@hceuk.com