Property Auctions: A New Era of Maximising Efficiency and Value
In the UK, many properties come with unique challenges: outdated interiors, structural issues, overgrown gardens, and sometimes decades of deferred maintenance. But where most see complications and compromise, we see opportunity.
At Probate.Auction and Resi.Auction we transform overlooked assets into valuable returns. Through transparent and efficient auctions, we offer a timely, hassle-free solution for stakeholders seeking certainty and efficiency, bypassing the lengthy, costly, and risky processes of traditional sales via estate agents.
Our mission is to empower stakeholders by rethinking how challenging properties are sold. When partnering with us, properties once seen as burdens become valuable assets in just weeks, not months. Auctions provide speed, transparency, and a dependable sale method, helping stakeholders overcome typical property sale hurdles and bringing value to estates when it’s needed most.
Why Auctions for These Properties?
Unlike traditional property sales that can stretch out over several months, auctions bring speed, simplicity, transparency, and certainty. Once the hammer falls, the sale is legally binding, eliminating the risk of buyer withdrawals, lengthy negotiations, down valuations, or chains collapsing. This immediate exchange of contracts, followed by a swift six-week completion period, means that clients gain access to funds far quicker than through estate agents. Auctions provide a clear and streamlined route to a successful sale.
Unlocking the Value of Unmodernised Properties
While many estate agents may view these properties as “challenging” and steer them toward protracted private sales or investor deals, auctions approach them differently. Our buyers actively seek out unmodernised properties, bidding on their potential rather than their flaws. Competitive bidding often drives prices well beyond guide levels, as evidenced by recent sales:
↳ Guided at £30,000, sold for £52,000
↳ Guided at £75,000, sold for £117,000
↳ Guided at £90,000, sold for £321,000
↳ Guided at £185,000, sold for £305,000
↳ Guided at £490,000, sold for £571,000
↳ Guided at £795,000, sold for £900,000
Our auctions bring hidden value to light, capturing true market potential.
Transparency and Cost-Efficiency at Every Step
Selling through an auction removes financial burdens. Selling with us, clients will not incur additional fees; costs are covered by the buyer in the special conditions of sale. This ensures a transparent, cost-effective process from start to finish, providing reassurance that the property is achieving its full market potential without unnecessary expenditure or complexity.
The Benefits of Immediate Exchange and Completion
One of the primary concerns for those handling these types of properties is the risk of extended timelines and chain collapses. In traditional sales, buyers can pull out at the last moment, prolonging an already stressful process. Our auction model mitigates this uncertainty. Operating under traditional “hammer down” rules, once a bid is accepted and our Head of Auctions, Russell Taylor, brings down the hammer, contracts are immediately exchanged, with completion following just six weeks later. This certainty is invaluable for those needing a dependable, prompt sale.
Reinventing Property Sales
For too long, unmodernised or challenging properties have been seen as liabilities or sold at discounted prices. Our auctions offer an alternative: a transparent, professional auction model that ensures even the most overlooked properties achieve their market value. Through our tailored approach, we’re reshaping perceptions around auctions, showing this method isn’t just a last resort but a smart first choice for sales.
Auction has long been the preferred route for receiverships, mortgage lenders, local authorities, housing associations, and institutions like the NHS and Metropolitan Police. The wider property market should be no different.
A recent example involves a local authority on the south coast. A family, referred by the area's Empty Homes Officer, approached us regarding a property that had been empty for decades, causing community issues. Within a month, we auctioned the property, and completion took place just a few weeks later, bringing the property back into use.
The Empty Homes Officer was amazed at the speed of the process and remarked that the issue could have been resolved years earlier if an auction had been considered. We also arranged for a solicitor to work on account, as the family couldn’t afford upfront fees - a significant barrier they’d faced for years. As a result of our approach, a longstanding community issue was finally resolved swiftly and effectively.
We’d love to hear from you so for more information, visit our website at https://probate.auction/
Contact Information:
Nick Kalms: nick@probate.auction
Dan Marsden: daniel@probate.auction
Tel: 020 3781 134