WELCOME HOME Changing the perception of property auction

Our Flexible Auction Services

iamsold is the pioneer of the modern method of auction and no other auction provider in the UK and Ireland offers estate agents such a complete and comprehensive range of property auction services.

Over 2,000 estate agent branches currently combine their local knowledge and property expertise with our award-winning auction service, allowing them to offer their sellers and buyers with both traditional and modern methods of auction.

 

The Traditional Method of Auction

A familiar auction method that usually takes place at a live auction event. It offers the buyer and seller speed and complete security as the buyer makes payment of a 10% deposit and exchange of contracts takes place straight away. Completion takes place 28 days later.

These more restrictive timeframes can limit interest to cash buyers and investors so its usually best suited to those that need a quick sale, are not in a chain, or have a property that wouldn’t be considered as suitable for mortgage lending.

 

The Modern Method of Auction

The modern method of auction combines elements of private treaty and traditional auction, making it a more accessible auction method. These auctions usually take place online, creating a larger marketplace which helps gather more interest and activity.

This method offers the security of traditional auction as the buyer pays a non-refundable reservation fee and signs a reservation form, committing them to the purchase. Like traditional auction this method has fixed timescales, however these are 56 days to complete making this auction method accessible to mortgage and residential buyers as well as investors and cash buyers.

This method is often best suited to sellers that are looking for the speed and security of an auction with a larger buyer market.

This simple way to buy a house is a breath of fresh air. We could not recommend highly enough. 56 days start to finish!

ABOUT US

Northfields Estate Agents was established in Ealing in 1986 and has grown under the leadership of Richard Palfreeman, from one office on Northfield Avenue, to the four branch network of today.  Northfields has a host of experience to offer each and every one of our clients, and we take a lot of pride in training and developing our staff to provide fabulous service throughout the buying, selling or renting experience.

Our sales and lettings executives have great industry and local knowledge so we endeavour to highlight their individual skills online as well as in our offices.  You can read all about the team members on our blog, or see them on our videos or social media platforms.  They are always around in the local community, giving talks at local schools or participating in charity events.