Allitt Auctioneers & Agents

Established in 1989, Allitt Estate Agents and Auctioneers specialise in the sale of property across the Fylde Coast". Here we outline the benefits of selling at auction, give advice on how to go about it and let you know why Allitt Auctioneers is the obvious choice of auction sellers

SOLD

We aim to sell your property as quickly
as possible and at
the best price!

The Benefits for selling at an auction:

The advantage of certainty - contracts are exchanged on the fall of the gavel
Simplicity compared with private treaty
A fixed timescale for the date of the auction and completion
There is no opportunity to negotiate on price - when the gavel has fallen, there is no negotiation on the terms of contract
The general speed of the transaction
Maximum exposure to the market place
A chance to obtain a true open market price that attracts most casual and investor purchasers
The opportunity to impose conditions onto a buyer
Openness and fairness to all interested parties - everyone is on a level playing field

What to do if you have decided to sell through auction

When do you want to sell?

Decide which auction you would like to put your property in. Sale dates and venues can be found on our website: www.allitt.co.uk. Lots can also be sold unconditionally between auction dates.

Contact Allitts

Alert us as soon as possible - although not essential we would ideally like a minimum of six weeks notice before the sale in order to market the lot effectively.

Appraisal

We can provide you with a free, no obligation auction appraisal of your property and will advise you as to whether we think your property is suitable for sale by public auction.

Confirm instructions

Discuss your requirements with a member of the auction team, confirm your interest in proceeding and discuss timescales and a guide and reserve price for your property.

Auction agreement

We will give you our agency contract setting out our terms and conditions. This will need to be signed to enter your lot into the auction.

Entry fee

An entry fee will be agreed with you prior to signing our agreement

Sale particulars/legal documentation

Testimonial

"Very pleased with the marketing of my property and the speed with
which it was sold!"
Mr Mills, Knott End
e-mail: jd@allitt.co.uk

Draft sale particulars will be sent to you and your solicitors for approval and/or amendments. At the same time your solicitors will be instructed to prepare a legal pack containing special conditions of sale, title documents, leases (where applicable), searches, planning documentation and office copy entries so that they are ready for dispatch to interested parties.

Guide price

Our auction team will recommend a guide price to you before marketing begins. It is important to set the guide at a realistic level.

What Allitt Auctioneers can offer You:

Free expert advice on selling your property
Free valuations
A regular single lot auction sales
A spacious and easily accessible saleroom with free parking
National advertising and more local advertising than any other auctioneer
Exposure through a multi-branch network of prominently positioned offices across the Fylde Coast.
Full colour catalogues distributed nationwide
High visibility for sale boards

The difference between a guide and reserve price?

A guide price is merely to give buyers an indication of what the owner is hoping to achieve. A reserve price is the lowest price the owner will authorise the auctioneer to sell at. This figure is confidential and will not be released to any interested parties.

When are contracts exchanged?

A legal binding contract is formed between the seller and buyer on the fall of the gavel.

What if the lot does not sell?

If bidding does not reach the reserve the lot is withdrawn from sale. The lot may be entered into the next auction sale.

Can the catalogue details change?

Yes - there are occasionally last minute amendments, which the auctioneer will announce and will be added to the addendum of sale.

Are properties sold conditionally?

No - properties are sold unconditionally. The successful bidder is legally committed to complete the purchase. Properties are not sold subject to finance being arranged, survey or contract.

Can I sell prior to auction?

On occasions some owners will consider offers prior to auction. Offers will be submitted to Allitts in writing. The offer will be unconditional and the buyer must be in a position to exchange contracts prior to the day of auction, provide a 10% deposit, and complete within 28 working days.

Do I need to attend the auction?

No, once the reserve has been set, the auctioneer has the authority to exchange contracts on your behalf.

How can I arrange a free market appraisal?

At Allitt Estate Agency we are delighted to provide free advice. Here are our contact details to help you get the best out of our auction service.