If you are thinking of selling your property, our auctions can provide a fast and easy solution whilst achieving property prices higher than you might expect too.

Whatever property asset you want to sell by auction, including residential properties, industrial units, commercial premises, warehouses, redevelopment opportunities, land, parking lots, farms and more, we offer all types of lots at auction.

We’ve put together a handy guide with the key points you need to consider if you would like to sell at auction.

If you have any questions or would like to request your free auction property valuation, just contact our team by calling us on 01228 510 552 or emailing cumbria@auctionhouse.co.uk

View all our previous auction results here and view our current lots here.

Advice

Speak to our team and let us know more information about you, your property, and any requirements you may have.

We will then send out a member of the team to provide you with a free, no obligation, property valuation and they will advise on the best method of sale.

If your property is suitable for sale by auction (either traditional or online), they will then recommend a guide price and provide any advice you need to help you to decide the way forward.

Instruction

Once you formally instruct us, we will start to prepare all the relevant paperwork needed to sell your property, including Energy Performance Certificate (EPC), searches and any other reports or agreements needed for sale.

We will also work with your solicitor to prepare a legal pack and provide this online for all interested parties to access.

Approval

We will provide you with the property details and marketing materials we have prepared for your approval.

When you are happy, that information will be used to create listings on our website, catalogues and other advertising methods.

If any amendments are needed after your approval, we can discuss this with you and late revisions can be notified via an addendum before the auction.

Marketing

As well as adding your property to our website, your property will be published on major portals and property websites such as Rightmove, Zoopla and others.

Your listing will be sent to our extensive list of interested buyers, including by email marketing, social media and more.

Viewings

We will carry out regular open house viewings of your property at pre-arranged times. These viewing times will be featured in our auction catalogue.

A member of our Auction House team will be present to provide information to the viewers, ascertain their level of interest, and provide feedback afterwards.

Catalogue

Your property will be given an auction lot number and will be added into the upcoming auction catalogue.

This catalogue will be sent out to interested parties, those on our mailing list, and added to our website as well.

Reserve

During our open house events and conversations with potential buyers, we will log all interest in your property so that we can advise on a suitable reserve price. This is the level below which we will not be authorised to sell. It is important that the reserve price is set at a realistically achievable level.

We will discuss and agree this with you approximately two days before the auction, and this will remain confidential between our team and yourself.

Occasionally, we may receive a pre-auction offer for your property that may be higher than what could be achieved at auction. If you wished to accept this offer, it would be subject to the same auction rules and be a conditional sale requiring exchange at least five days prior to the auction.

Auction

Before the auction begins, there is time for prospective buyers to ask any questions, to be informed of any final amendments to the catalogue and for everyone to be ready for the start of bidding.

Each lot is described by the auctioneer prior to bids being taken, and if bidding is successful, your property is sold on the fall of the hammer, with contracts being exchanged at this time.

Documentation for the sale is then signed in the room and the buyer pays their deposit.

You do not have to attend the auction, but you may wish to be part of this exciting experience.

Completion

After the auction day, your solicitors will handle the remainder of the sales process. We will provide them with the memorandum of sale and the deposit monies (excluding sales costs).

Completion will take place within 28 days after exchange (unless agreed prior to auction otherwise).

All you need to do next is ensure your property is vacant on completion unless it has been sold tenanted, make arrangements for key release and cancel any services in place.