Raine & Horne

Selling

Raine & Horne

Selling

Auctions

If you want to sell a property at auction, first ask our Raine & Horne auctioneer's advice about its saleability, and what they would recommend as the guide and reserve prices. The advantages of selling with Raine & Horne at auction are:

• Immediate exchange of contracts
• Cash purchase/funding in place with minimum 10% deposit paid at auction
• Not subject to contract
• Best price achieved through competitive bidding
• Market exposure with auctions attracting many potential buyers
• Fixed completion date
• Quick sale without compromising the sale price

Once you've checked the date and venue of the proposed auction, ask our Raine & Horne auctioneer for details of the terms of appointment. You need to agree these before the auctioneer does anything.

The terms of appointment will include:

• Their commission if the property sells at auction, or if it's withdrawn or sold before the auction, or sold after the auction
• Any extra charges and whether you're liable for them

The terms of appointment will also include the auctioneer's right to:

• End or change the appointment
• Instruct your solicitor to prepare the legal pack and special conditions of sale, and to attend the auction
• Act on your behalf in the auction room, including signing the Memorandum of Sale
• Manage things in the auction room, including the bidding increments
• Sell the property at the reserve price or above