Can I sell my home at auction if it needs renovation?

Yes, this is an ideal type of property to sell at auction as investors recognise potential to flip properties and earn profit through resale or rental.

Is auction suitable for inherited property?

Yes, of course. Auction is a great idea for selling inherited properties due to the quick selling proces and lower emotional burden that comes with traditional agency sales.

How quickly can auction sales complete?

Completion periods are usually agreed prior to bidding. The process generally takes weeks not months. A typical timeframe is 28 days.

Will my property sell below market value?

On some occasions, yes it can, but you will always have a set reserve price. Reasons for a property selling below market value could include a limited pool of buyers, property condition or a high starting price. However in most cases, auction properties achieve more than originally expected.

What is a reserve price?

This is like a safety net for your property value. You can set the lowest price that you would like for the property, so you won’t get less than you need/desire during the bidding process.

Can landlords sell tenanted properties at auction?

Yes, tenanted properties actually work really well at auction due to investors seeking a quick solution for rental income and avoiding void periods. If you’re a landlord looking for assistance with your rental property, read more about our landlord services here.

Sell My Home at Auction | Liverpool & Southport Property Experts

Sell Your Home at Auction in Liverpool & Southport

Estate agents are reporting an increased number of vendors searching “sell my home at auction”. More homeowners are looking for quicker and more secure ways to sell their property, saving on traditional estate agency fees and longer completion times.

With standard agency sales, typical timescales are usually between eight and 16 weeks, beginning with a property valuation and marketing launch, followed by viewings, offer negotiation, sale agreed status, sales progression, exchange of contracts and completion.

The process for auction however is more structured and time-sensitive, and can take weeks instead of months. Auctions offer a speedy solution to property sales with more clarity and wider buyer exposure.

We are proud to partner with Pattinsons Auctions, a leading UK provider of specialist property auctions, covering the Liverpool and Southport areas.

Both these locations are popular auction hotspots, due to their availability of investment opportunities in the shape of residential and commercial units. Liverpool has several houses perfect for refurbishment to flip and resell for profit, whilst Southport sees a high number of downsizers looking to move quickly.

Why Homeowners Choose to Sell My Home at Auction

So, you’re selling your home at auction… What are the pros and cons of traditional selling methods vs selling by auction?

Traditional sales are widely accepted and do work well, however they frequently rely on chains and are at risk of falling through, which can lead to lengthy timescales before completion. Delays can also be experienced due to mortgages and renegotiations by both buyers and sellers.

Whereas with auctions, there tends to be a faster sale timeline as properties can usually exchange very quickly and completion dates are fixed. When it comes to completion with standard sales, everything can be quite last minute. Auctions attract committed buyers with greater certainty and less risk of property fall-throughs.

Other Benefits of Auctions

include achieving a strong sales price via competitive bidding, and wider marketing to investors, cash buyers, landlords and developers as well as residential purchasers who regularly browse auction websites for new opportunities, investment properties and renovation projects.

Many owners searching “Can I auction my home” are looking for greater certainty than traditional estate agency sales. If sellers need a quick sale due to probate or relocation, or perhaps Liverpool landlords are leaving the rental market. auction is an excellent option that allows a transparent process throughout.

Start the process now by booking a free instant valuation to understand how much your property could be worth.

How Selling Your Home at Auction Works

Selling your home at auction starts with a property valuation. Take a look at the steps broken down below to see how you can sell your home via auction.

Step 1. Property Valuation

Conduct auction
suitability assessment
Market pricing review

Step 2. Setting a Reserve Price

Define reserve pricing (the lowest price you would like for the property)

Step 3. Professional Property Marketing

Professional photography
Create listing
Buyer database exposure
National marketing reach

Step 4. Auction Bidding Process

Buyer registration
Bidding periods
Offer competition

Step 5. Completion Process

Exchange requirements
Completion timelines
Legal process overview

Benefits for Vendors When You Auction My House

Homeowners searching “auction my house” are motivated by many advantages which include speed of sale, reduced risk and access to a wider market.

Faster Property Sales

Transaction timelines are often far shorter when selling by auction. This is due to a number of reasons, mainly due to buyers completing due diligence upfront and fixed timelines agreed once a successful bidder is secured.

Greater Security

Purchasers at auction are historically less likely to change their minds, usually have no chain and tend to have finances already in place to fund the sale. All of these points lead to overall more committed and stable buyers and reduced risk.

Increased Buyer Competition

When there are multiple bidders on a property at auction, this can create stronger market demand and drive the sold price up for sellers. It’s also very clear who has bided what with auction, whereas traditional sales don’t tend to discuss exact offers received from prospective buyers.

Transparent Process

Bidding visibility at auctions is always very clear and a legal pack is prepared to show essential information, so buyers have all the key details before commencing the bidding process. Again, all bids are known to all parties and buyers can track live bidding activity.

Wider Marketing Reach

Using professional, specialised auction companies such as Pattinsons ensures not only local Liverpool and Southport buyers, but interest on a national scale. Your property can be marketed to multiple buyer types across the UK, including cash buyers, first-time-buyers, investors and developers.

Greater Certainty

Before a property even goes live at auction, the auction team works with the vendor to agree estimated completion dates, so this is transparent from the offset. Ideal completion periods are highlighted to those interested in bidding on the property, usually in the legal pack.

Speak to one of our experts today about selling your home via auction! We are multi-award-winning agents in Southport and GOLD estate agents in Liverpool.

Which Properties Are Best Suited to Auction?

Some properties are better suited to auction than others.

Properties that are vacant and require work of some sort are an ideal candidate. Many homeowners searching “sell my house at auction” are selling properties requiring refurbishment. Renovation opportunities present lucrative investments for landlords looking to rent out a property or those wanting to quickly flip and resell.

Buy to let properties are also well suited to auction as they attract property investors, offering rental income and capital appreciation if well-located near to regeneration areas and cities such as Liverpool with soaring rental demand. Here at Curlett Jones we see a number of tenanted apartments which make excellent investments. These properties are perfect for auction as it presents a ready-made opportunity with no initial void period and rental income starting from day one.

Commercial properties and land are other sales that can work very well at auction.Vacant or under-performing commercial premises appeal to those looking for a potential new business space. Plots of land work well at auction due to attracting a wide mix of buyers, including developers. The value of a piece of land can be difficult to determine, but buyers at auction who have a vision and strategy in mind for the land can bid accordingly.

Another instance where auctions are a good sales strategy is probate properties. This is a very sensitive process and auctions remove a lot of time and stress whilst minimising discussions and renegotiations.

Discuss your property’s suitability for auction today by contacting us on 0151 673 1239 or 01704 537 950

Liverpool & Southport Property Auction Market Opportunities

Liverpool Property Auction Market

If you are thinking, “I want to auction my home in Liverpool”, you might be wondering if the Liverpool market really suits selling via this process.

Liverpool is a city brimming with urban redevelopments, such as the £5.5 billion Liverpool Waters regeneration scheme. This brings about a lot of changes in the rental market, and rising valuations on apartments results in landlord exits in the city.

There is a strong appetite from investors looking to purchase high yielding investment properties throughout the city. But which property auction in Liverpool can handle these types of transactions the best?

When estate agents are looking to sell houses fast, Liverpool auctions are a brilliant solution for both agents and sellers. Whether it’s a residential home, rental apartment, tenanted flat or commercial unit, Liverpool is a buoyant market for auctions.

Southport Auction Market

Or maybe you’re wondering “how do I sell my house in Southport via auction?” Our Southport property sales team can help you put your property up for sale with Pattinsons. It’s quick, easy and an effective way to sell in the Southport market.

This coastal town has an aging population which means three things. Firstly, there are a lot of probate sales in Southport.

Secondly, there are a high number of downsizers looking for more manageable properties.

Lastly, it’s a town with a big appeal for families. All of these factors create the perfect market for auction.

To sell property in Southport in any of these circumstances quickly, auction is a fantastic option.

Pattinson Auction Partnership Benefits

Curlett Jones has worked with Pattinsons Auctions for many years now. Our partnership combines our local Liverpool and Southport market and property expertise with national auction exposure.

National Buyer Reach

Through Pattinsons, properties are exposed to a large online database of active auction buyers spanning the entire UK. This automatically increases your property’s visibility, pushing it out at all different types of buyers in areas outside of your local patch.

Dedicated Auction Expertise

Pattinsons is home to experienced auction specialists who can guide you throughout the process.Their professional team can advise on pricing strategy and how to position the property to most apparel to auction buyers. They can also assist with the legal pack and offer clear and transparent communication throughout your auction journey.

Professional Marketing Support

From tailored descriptions to high-quality photographs, Pattinsons marketing team take a multi-channel approach, advertising your auction property across their online database, website, email campaigns and other digital platforms for maximum exposure, urgency and interest.

Fixed Timescales

Like most auction companies, Pattinsons ensure a fixed timeline is agreed for all auction sales. Completion dates are agreed upfront between the seller and buyer, to avoid uncertainty and reduce risk. All parties are clear on what to anticipate completion from the offset, and lengthy negotiations can be avoided.

Increased Vendor Confidence

There are numerous reasons why vendors selling by auction are more confident in selling their property. It comes down to auctions attracting motivated buyers who are ready to move quickly, with little to no negotiations required. Most buyers are experienced auction buyers who are familiar with the process, leading to less delays or stalling.

Learn about Pattinson Auction partnership options here.

Traditional Estate Agency Sale VS Auction Sale

Feature	Traditional Sale	Auction Sale
Completion Speed	Variable	Faster
Chain Dependency	Higher	Lower
Buyer Commitment	Lower	Higher
Transparency	Moderate	Higher
Competition	Limited	Competitive bidding

Frequently Asked Questions

Can I sell my home at auction if it needs renovation?
Yes, this is an ideal type of property to sell at auction as investors recognise potential to flip properties and earn profit through resale or rental.
Is auction suitable for inherited property?
Yes, of course. Auction is a great idea for selling inherited properties due to the quick selling proces and lower emotional burden that comes with traditional agency sales.
How quickly can auction sales complete?
Completion periods are usually agreed prior to bidding. The process generally takes weeks not months. A typical timeframe is 28 days.
Will my property sell below market value?
On some occasions, yes it can, but you will always have a set reserve price. Reasons for a property selling below market value could include a limited pool of buyers, property condition or a high starting price. However in most cases, auction properties achieve more than originally expected.
What is a reserve price?
This is like a safety net for your property value. You can set the lowest price that you would like for the property, so you won’t get less than you need/desire during the bidding process.
Can landlords sell tenanted properties at auction?
Yes, tenanted properties actually work really well at auction due to investors seeking a quick solution for rental income and avoiding void periods. If you’re a landlord looking for assistance with your rental property, read more about our landlord services here.

Thinking About Selling Your Liverpool or Southport Property?

Consider selling your home at auction! Download our Auction Brochure today for free and read about how Curlett Jones work with Pattinsons to achieve strong sales prices and fast transactions for sellers in Liverpool and Southport.