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Adding a Property to the Auction.
Seller adds details to the site for free.
Discount Property Auction contact Seller, confirm valuation & agree start date.
Seller agrees terms and conditions.
Photography and floor plans arranged.
Property details uploaded onto the site.
The Pre Auction Viewing window 7 days.
Emails will be sent to Buyers to create interest in the property.
Buyers can arrange a survey and visit the property.
Buyers can review the independent valuation report.
Buyers can add the property to their favourites.
The Auction - 5 days.
Buyers are emailed who have selected the property as a favourite.
As each buyer is outbid they will be sent notification.
After the auction, as long as the sellers reserve has been met, a reservation fee is taken from the buyer immediately. This acts as an exchange of contract.
After the Auction.
Solicitors are informed.
Properties complete.
Funds released to sellers. Sellers either move out or rent back as agreed.
Information for Sellers
At Discount Property Auction, theres 1000s of property investors just waiting to bid on your property. In just 12 days, you could have found a buyer and exchanged.
Our buyers have told us the type of investment properties they are looking for. Once your property is added, we will notify the most relevant buyers!
There are plenty of other benefits. Find out more by clicking on the bullets below...
Selling made easy Reach a large number of Professional Cash Buyers (click here)
Dont phone around. Our property auction enables you to reach a large number of investment cash buyers in one go. And by the pure nature of an auction, it helps get you the best possible price
FREE Registration and No obligation valuation (click here)
Enquire now and we will carry out research to ascertain the current market value of your property. We will then contact you and suggest a suitable reserve price, approx. 80% of the current market value this is the lowest figure that you are prepared to accept and the bidding will start from here. It is Free to register and we will provide a No obligation valuation.
No entry fee or Commission unlike traditional auctions (click here)
We charge no commission, unlike traditional auction houses or estate agents. We obtain our commission from the buyer. All you have is one minimal upfront cost of £50. This is to cover the cost of obtaining the official Title documents and Title plan from the Land Registry. The buyers will need to see this before they bid. What have you got to lose?
Youve so much to gain (click here)
No entry fee or Commission.
Sell and move OR stay and rent your home back.
Home valuation 100% fair. We use an independent third party.
Fast track legal process to ensure a speedy completion
Unique log in to view your bids
Professional publicity for your property to 1000s of trade buyers
Sell and Move OR Sell and Rent your property back (click here)
There is no need to move out of your home. Our property investors often buy property from homeowners wanting to stay and rent back.
To safe guard you for the future, the ongoing rent you will pay is agreed between us before the auction starts, promoted clearly to buyers on the site and written into the completion contract.
Your reserve price is based on a fair valuation (click here)
To get your property on Discount Property Auction, you need to set a reserve price with at least a 20% discount. The reserve price is minimum you would be willing to sell your home for on the site.
To be fair to both buyers and sellers, the current value of your home is calculated by Hometrack, an impartial system used by high street banks and mortgage lenders.
Save yourself the Stress of Negotiation (click here)
With property investors bidding against each other for your property, you have the best chance of reaching a higher price. It also removes all the need for direct negotiations which at the best of times can be daunting and stressful.
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