At SDL Property Auctions, we sell thousands of residential properties every year. Selling by auction only takes a few weeks so it’s the perfect option if you need to sell your property quickly. Through a period of extensive marketing to buyers across the UK, we get the best price for your property, regardless of its condition or age.
If you’re looking to sell a commercial property, we’re here to help. From retail units and offices to former banks and warehouses – tenanted or vacant – our team of experts can help secure a sale. Our team of experts work with a range of sellers, including private individuals, solicitors, trustees, executors and local authorities. If you’re looking to realise your assets as quickly as possible or simply find a new owner for your business premises, contact us to arrange a free valuation today and we can handle the rest.
Councils & Portfolio Disposal
We work with local authorities, councils and other corporate bodies across the UK to assist with the sale of properties under their ownership. We have success in selling all kinds of properties, from parcels of land to empty homes. If you have any property you wish to dispose of contact our team today to discover what we can do for you and your clients.
We sell houses, bungalows, commercial premises, cottages, warehouses and even public toilets. Here are just a few of the properties we’ve recently sold by auction. Just imagine what we could do with yours…
Our guide to selling at auction
If you’re looking for a fast and faff-free sale then auction could be the option for you. Professional investors and private sellers alike choose our auctions because not only are they secure, they can also be the most effective way of getting you the best price.
1. Request free valuation
Why not let one of our friendly team of experts carry out a valuation? They can give you an idea of what price you can expect to achieve in an auction sale, talk you through the timescales and agree any costs involved – and don’t worry, there may be no costs at all!
2. Decide how you wish to sell
We have a number of different ways in which you can sell with us and we will help you decide which option is best for your property and your circumstances. You could sell in our monthly Auction Events or set your own start time in a Timed Auction.
3. Instruct your solicitor
In order to sell your property in an auction you’ll need to ask your solicitor to prepare a legal pack for you. This is a set of documents which will be available for any interested parties to download from our website for free before they place their bid.
4. Set your reserve price and let us do the rest
Don’t worry, we won’t sell your property for less than you want to achieve. We’ll agree with you a reserve price before bidding starts. Then we’ll market your property and keep you informed of interest levels, handle any offers, liaise with your solicitor and secure you a sale.
Frequently asked questions
A reserve price is the price stated as the lowest acceptable figure by the seller. This figure is confidential between the seller and auctioneer.
No, not always. The guide is an indication given by the auctioneer. Where the guide price is a bracket figure, the reserve cannot exceed the top end of the bracket price. If the guide price is a single figure, then the reserve can be up to 10% in excess of this.
Yes, if a reserve price is not met during the bidding process, then the lot will not sell. We continue to market our unsold properties after the auction and if a post-auction sale is agreed it will be carried out under auction conditions.
After the auction has ended one of our team will contact you to advise you of the result.
There are a number of options when selling by auction which can include paying no fees at all and having the buyer an additional fee instead.This is often an attractive option when you are selling due to a bereavement or a divorce and you have limited cash prior to the auction to fund the sale. Alternatively as a seller you can pay an initial fee and commission price for the sale of the property, meaning the buyer doesn’t have to pay anything extra, maximising the final sale price of the property
Regardless of which auction route is selected, there are solicitor fees to prepare the legal pack for your property, which typically costs around £350 to £500. After your home is sold, you will also need to instruct a solicitor for the conveyancing of the property, which can cost anywhere from £450 to £750.