Mercian House,
9 Darwin Court, Oxon Business Park, Shrewsbury, SY3 5AL
The Estates Office,
20 Salop Road,
Oswestry SY11 2NU
Sale of Property by Auction
Sell your house for FREE!
Our Modern Method of Auction service helps to find you a secure sale, with no fee payable.
We hold monthly online auctions with marketing across multiple platforms, including Rightmove, offering nationwide coverage.
Contact us now to arrange a FREE, no-obligation appraisal.
Why Choose the Modern Method of Auction?
For property owners, the modern method of auction offers ideal sale conditions including speed, security, and value. By setting a ‘reserve’ on the property, owners can be sure to get the price they want as well as the exchange of contract taking place, once bidding ends. With no agency fees to pay, it is easy to see why the modern method of auction is quickly becoming a popular way to sell your home.
How It Works
Properties are marketed across multiple platforms including the Roger Parry & Partners website and Rightmove. The auction portal is accessed via the Roger Parry & Partners website, where buyers can register, review property details including the “auction pack” and place bids. Properties have a bidding “window” in which buyers can make a bid to purchase a property. When the deadline is reached, and a property’s bidding window closes, an exchange automatically takes place between the property owner and the buyer who has the highest bid (providing they have met the property’s reserve price) and a completion is to take place within 56 days of this exchange. A buyer’s premium applies upon the deadline expiration, requiring the Purchaser to pay a 2%+VAT deposit, based on the purchase price. This deposit is to reserve the property during the Reservation Period and is paid in addition to the purchase price. (This is considered within calculations for Stamp Duty Land Tax/Land Transaction Tax).