Stephensons Auction Options

 

 

Stephensons offer unrivalled coverage of the York and North Yorkshire area, call us for FREE AUCTION ADVICE and find out why we are the regions leading property auction specialists.

 

 

 

Traditional Auction


Property to Sell?
 

If you are thinking of selling and your property might be suitable for auction please call us on 01904 625533.

Stephensons Traditional Auctions are an effective independent option available to local sellers and operates from auction rooms easily accessible to local buyers.

The benefits of the auction process include:

  • Quick sale: exchange of contracts on the fall of the hammer;
  • No fall throughs;
  • Completion within 28 days;
  • High profile marketing;
  • Competitive bidding

Sell your property successfully with Stephensons....it really works. We are looking for the following:

  • Properties that need modernising;
  • Derelict properties;
  • Building Plots;
  • Agricultural/Amenity Land;
  • Unusual properties;
  • Mixed use/commercial properties;
  • Tenanted properties

We would welcome enquiries for our next sales; if you think the auction process may suit your property, we would be pleased to advise.

We have 11 offices: York; Haxby; Easingwold; Selby; Boroughbridge; Knaresborough; Malton; Pickering; Helmsley; Kirbymoorside & The York Auction Centre

Modern Method of Auction (online)

Selling your property through an online auction platform is an efficient way to achieve a quick and secure sale.

At Stephensons we are proud to partner up with MyBid4It to offer this revolutionary platform for you to sell your property,

Below are just some of the benefits to selling your property through MyBid4It:

  • 0% commission – no Estate Agency commission.

  • Best market price achieved – competitive bidding will ensure you achieve the best possible price for your property.

  • An undisclosed reserve price – this is set separately to your marketing price so you will reach a value you are happy with for the property to sell for.

  • Funds received quickly – buyer deadline 42 days to complete.

  • Reduced fall through rate – buyers will have undertaken more extensive property checks and committed to a non-refundable reservation fee

 

 

The six steps to selling in an online auction

Selling – 6 easy steps to selling on a live bidding platform

1. Price

This will be set in conjunction with the estate agent.

2. Preparation

Your estate agent will prepare all property details, take photographs and arrange the EPC if required.

3. Legal

Our team will begin preparing all legal documentation and discuss the costs that apply to your legal pack.

4. Marketing

We will begin to advertise your property to generate the maximum level of exposure and interest.

5. Bidding

At a set time and date, your property goes live so bids can be placed. You will receive regular updates about bidding. Potential buyers will have 15 minutes to bid on your property, with an extra minute added for any bids placed within the final minute.

6. Sold

Once the process ends, a 2.5% non-refundable reservation fee (minimum £4,000) is taken from the successful bidder and you have 42 days to complete the purchase.

FAQs

Is my property going to sell?

A member of our team will carry out research in order to discuss the best pricing strategy for your property and how to maximise interest.

How long does the live bidding last for each property?

The live bidding process lasts for 15 minutes, with one minute of extra time added on for every bid placed in the last minute.

Do I have to accept the highest bid for the property?

Yes, subject to verification

Can I accept bids outside of the live bidding process?

Yes, you can accept a bid before the live bidding has commenced (some rules apply). We will send all offers we receive, it is then for you to decide if you wish to accept the offer and remove the property early.

Is the bid binding?

Yes

How quickly will I have to move out?

When the live bidding process closes the winning bidder has 42 days to complete the purchase, by which time you will need to move out of the premises.

How do I get paid?

You will receive the full amount of the winning bid minus any agents fees. All agents fees will be settled by the buyer.

 

Preparing an auction Pack

You will need an Auction Pack for you property. The pack contains important information about your property that a potential buyer will want to know before deciding to bid.

Included in the packs are the following:

  • Local Authority Search

  • Property Information Questionnaire

  • Water & Drainage Search

  • Reservation Form/Contract

  • Title Plan & Register

  • General Terms & Conditions

  • Fixture & Fittings

  • Any Special Conditions

  • EPC



 

Residential property search

 

Lettings search

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