Selling your property at Auction

ARRANGE A VALUATION

Maggs & Allen have been holding regular Auctions since 1989, selling all types of property and land in the South-West.

Our experience and expertise enables us to provide a professional and unrivalled auction service with the highest success rate in the region.

Our property Auctions offer one of the most simple and effective ways to buy and sell all types of property and land. Sellers at Auction will benefit not only from the best price under competitive bidding at the Auction, but also the speed and security that an Auction sale provides.

Why Sell at Auction?

  • Ease
    Property auctions offer one of the most simple and effective ways to sell all types of property and land. The process puts you as the seller in the driving seat and eliminates many of the common pitfalls associated with selling on the open market.

  • Speed
    Successful bidders exchange contracts on the night of the auction with completion usually taking place 28 days later.

  • Certainty of sale
    The auction process offers sellers a very high degree of certainty that a sale will be achieved at the auction. The buyer is committed to purchase the property on the fall of the hammer and no further renegotiation can take place.

  • Best price
    A high-profile and focussed marketing campaign ensures high levels of interest and competitive bidding in the auction room. Through this competition you can be assured that the best possible price for your property is achieved.

  • Transparency
    An auction sale is a public event and anyone is free to bid. This can be an ideal method of sale for those sellers who have a duty to ensure that the best price is achieved, such as Executors, Charities and Local Authorities.

Why choose Maggs & Allen?

"We are just over the moon, the auction was amazing as you all are at Maggs & Allen! We are absolutely thrilled with the result and found the auction very exciting. We are delighted to have chosen Maggs & Allen to auction our property and found the service to be 10/10."
Mrs M Taverner

  • We hold the highest success rate in the Bristol region - 100% in February & March 2022.

  • Our aim is to sell your property or land first time, every time.

  • We have the largest dedicated auction team in the region.

  • Over 500 prospective bidders regularly take part in our online auctions.

  • Your property will receive maximum exposure to the market through online advertising and regional press coverage.

  • Our knowledgeable auction team have over 70 years combined experience dealing with all types of residential/commercial properties and land.

  • Our online mailing list comprises over 15,000 investors, developers and private buyers.

Suitable Auction properties include:

  • Residential property
  • Commercial property
  • Properties requiring refurbishment
  • Investment property
  • Garages & workshops
  • Executor sales
  • Building plots & development sites
  • Tenanted properties
  • Receivership & Administrator sales
  • Portfolio disposals
  • Properties with legal complications
  • Repossessed property

Frequently Asked Questions

FAQ

Selling your property by auction couldn’t be simpler and it could cost less than you might think...


Q: Can I set a reserve price?

Yes, we will provide a recommended reserve price following our initial valuation but this figure is agreed with you prior to marketing commencing. We will monitor interest levels during the marketing period and the reserve can be adjusted closer to the date of the auction if required.

Q: When do I need to instruct my solicitor?

You should instruct your solicitor to prepare the legal pack at the same point that you instruct us to auction the property. Ideally, we would like to receive the legal pack no later than 2 weeks before the auction date to allow buyers sufficient time to review the legal documentation.

Q: Does my property need to be cleared?

This will depend on the individual property but properties in need of refurbishment often present better if they have been cleared of the contents. We will be able to advise on this at our initial valuation and we work closely with a trusted house clearance company that we can recommend.

Q: Can buyers make offers prior to the auction?

Yes, once a buyer has viewed the property and we have received the legal pack they do have the option of making an offer prior to the auction. If the offer is at an acceptable level to you it can be accepted on the basis that the buyer exchanges contracts and pays the 10% deposit prior to the auction. All marketing and viewings would continue until an exchange takes place, putting you in the driving seat.

Q: How do buyers bid at an online auction?

Buyers will be able to bid online, via telephone or via proxy. All bidders are required to register for the auction, provide their identity documents and provide a preliminary deposit before they are authorised to bid at the auction.

Q: How much does it cost to sell at auction?

You might be surprised by how little it costs to sell at auction. There is an entry fee of £350 plus VAT which is payable up-front and then a commission (a percentage of the sale price) which is generally comparable to that which a traditional estate agent would charge. The commission is only payable upon contracts being successfully exchanged.

Q: What if my property doesn't sell?

As we hold the highest success rate in the region it is not often that a property fails to meet its reserve price. However, it does happen on occasion and we are usually able to secure an acceptable offer and exchange contracts in the days following the auction. If required, we can enter the property into the next available auction at no extra cost.

Feature your property with
Bristol’s Leading Property Auctioneers