Online Auctions with Diamond Move

Online Auctions with Diamond Move

ONLINE AUCTION

Selling properties has evolved tremendously and with the norm of processing purchases online is becoming part of everyday life such as grocery shopping, clothes shopping, holidays and more...

Selling properties via online auctions or contracted sale is now becoming popular due to its transparency, ease and its process.

We currently offer a contracted sale process which ensures both buyers and sellers have total transparency of a transaction and commitment, where they have mutually set time limits to Exchange contracts and then complete the transaction.

However, some properties require a more secure time frame to be SOLD.

This is where the Online Auction process can be beneficial as it offers set time frames for a sale to complete once a buyer is secured and auction ends.

At Diamond Move Estate Agent in Hounslow we can offer an Online Auction which will give sellers Nationally a commitment from a buyer.

Like a traditional auction at the drop of the gavel the property is exchanged and then has 28 – 31 days to complete. Our Online Auction has the exact same process but without the gavel.

How does it work:

  • We first need to order a legal pack for your property
  • We then advertise your property like any other – on our website, portals and social media
  • We conduct viewings like we would for a normal private treaty sale property
  • Once we have given enough time for potential buyers to view the property and inspect the legal pack – we then start the Auction.
  • The Auction will last for a set agreed time with a clear end date/time. (The buyer will have to be registered to bid to ensure all bidders have the means to pay the deposit and perform to successfully complete the transaction)
  • On the last day of the Auction when the Auction ends, we accept the highest bid made.
  • If the bid matches or exceed the reserve price the bid is accepted, and contacts have exchanged
  • The buyer will pay their deposit and will then have 28 - 31 days to complete the sale.

 

For more information we are just a call away on 02085778855

For a FREE Valuation - Click Here

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Bringing the latest updates on the market conditions in Hounslow and Surrounding areas. Being an Agent is not about selling or letting properties, but being able to share our expertise and knowledge with you whether you are a Tenant, Buyer, Seller or Landlord.

At the Hounslow Property Blog we publish weekly articles dedicated to the latest trends and news on the Hounslow Property Market.

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Online Auction / Auctions

When selling your property, explore every option available. Call 02085778855 for more info.

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Fees

Letting Fee Information

Refundable Holding deposit - Capped at 1 weeks rent

Security Deposit - Capped at 5 weeks rent for annual rental under £50,000, or 6 weeks rent for annual rental over £50,000

Rent - The agreed monthly rent

Changes to tenancy - Capped at £50 inc VAT

Early termination charge - Not exceeding the landlord’s financial losses

Late payment of rent- Interest of 3% above BoE base rate for each day the rent is late, once it is 14 days overdue

Replacement keys - Reasonable costs or give the tenant the option to purchase themselves

Utilities, council tax, communication services, TV Licence etc - Tenants own responsibility unless otherwise stated in contract

Fees may be charged on a per person or per property basis, please call us on 020 8577 8855