Auctions
Our auction catalogue
for February 16th
[Download][View]
A guide to selling property
successfully at auction
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.
The Benefits for selling at an auction
  • The advantage of certainty - contracts are exchanged on the fall of the gravel
  • 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 gravel 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: 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
    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.
  • Promotion to an extensive buyer and investor database by phone, post and email
  • High visibility for sale boards
  • FAQ's
    What is 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. Phone: 01253 713333
    e-mail: jd@allitt.co.uk


    Legal Documentation
    You can view our legal documentation here:
    Legal Documentation