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Hi there!
Based on your responses, it looks like Auction is probably not the right option for you. (But don’t worry – we can help you find out what is.)
First, let's look at why Auction isn't going to be a good fit:
(You said you’re buying and selling a property)
Explanation:
One of the benefits of selling via auction is that things happen to very fixed timeframes. For most home-sellers, this is great…
But for you, it could be a real threat.
That’s because you’re also buying a home, which is always unpredictable. Delays easily creep in, and around one third of transactions fall through.
If something goes wrong with your purchase and you’re already committed to selling via auction, you can end up in a real mess very quickly. (You definitely do not want to end up homeless!)
So in your situation, selling via auction is usually a really risky option. There are better, safer ways to sell quickly and make your onward purchase happen.
(Note: If you’re able to sell this property without needing to buy your next one at the same time, click here to re-take the quiz and choose “Just Selling” when prompted.)
(You said your property’s in fair condition, with no serious issues)
(You said your property’s in excellent condition, with no serious issues)
Explanation:
People who buy at auction are usually looking for development opportunities.
But if your property doesn’t need lots of work and there’s no major issue to fix, then there’s no significant way for an auction buyer to make money…
In fact, the only way for them to make money would be by buying your home super-cheap.
(And even if you were willing to take a massive hit on the price, there’s no guarantee you’ll actually sell at auction… your home simply isn’t what most auction buyers are really looking for.)
Don’t worry – there are better selling methods that can get you sold just as quickly, and without such a big hit on your selling price.
(You said getting the best price possible is more important to you than getting a fast sale)
Explanation:
Selling by auction is faster than going through an estate agent, but you’ll typically only sell for around 85-90% of your home’s full value.
Why so much less?
So if your property’s worth around £125,000, you should expect to lose about £15,000 on average!
So if your property's worth around £250,000, you should expect to lose about £30,000 on average!
So if your property's worth around £450,000, you should expect to lose about £50,000 on average!
So if your property's worth around £750,000, you should expect to lose around £100,000 on average!
Based on your priorities of wanting a high selling price, this isn’t going to make sense for you. You’ll end up losing tens of thousands of pounds. If getting the best price is important to you, there are better ways for you to sell.
(You said you’re aiming to sell within 3-4 months)
Explanation:
Auctions can deliver a sale in the timeframes you want… but you’ll likely need to take a big hit on your price to make it happen. (On average, you should expect to lose about 10-15% of your property’s value when you sell at auction.)
It’s a massive price to pay…
You can likely sell just as quickly (and at a much higher price) using a different selling method. (Keep reading to learn more...)
(You said you’d be prepared to wait 5 months or longer for your sale, if necessary)
Explanation:
Auctions offer you a quicker process and better chances of a sale … but it usually comes at a high price. On average, you should expect to lose 10-15% of your property’s value – which is tens of thousands of pounds!
Since you’re not in a rush, you don’t need to take this massive hit.
You’ve got plenty of time, and you can use that time to sell for a much higher price. (And that extra money will be a lot better in your pocket than in some property developer’s!)
So based on your circumstances, it doesn’t look like auction is going to make sense for you.
(And even if it did make sense, just remember that auctions still aren’t a guaranteed sale. Only around 70% of properties actually manage to sell at auction… so there’d still be a real chance you’d still be left disappointed.)
Thankfully, there are other selling options that will be a much better fit for you…
Even though Auction isn’t the right option for you, we can help you figure out what is.
The quiz you’ve just completed is a great starting point, but it can only tell us so much…
That’s why we’d like to offer you a free 20-minute phone consultation with one of our Home Selling Experts.
Our free one-to-one consultation will provide you with an in-depth, personalised action plan to help you get the home sale you want.
You’ll walk away with:
We'll help you determine the right selling method for you based on your priorities, property and timeframes.
If requested, we can connect you with leading companies we know and trust. You’ll get a free, no-obligation quote within 48 hours and peace of mind knowing you’re dealing with companies we’ve personally vetted.
Get all your other property questions answered instantly and for free by our Home Selling Expert.
We’ve helped thousands of homeowners sell more quickly, and we'd love to help you too.
Simply click the red button below and complete the short form to book your slot now.
Please note: We can only accommodate 25 consultations per week. Slots fill up quickly, but if you’re seeing this page then some are still available. Click the red button above to arrange your call now and avoid missing out.
Just wow, I cannot begin to explain how helpful Matthew has been and the difference he has made.
Matthew took the time to listen while I explained our circumstances. He provided loads of knowledge and advice about the selling method we were looking into, and thanks to his honest and professional advice we concluded that it wasn't the right route for us.
I cannot recommend this company enough. There was absolutely no pressure to do anything, just honest advice that was absolutely in our best interest.
Matt's knowledge and understanding of the property market and selling options are extremely impressive and absolutely unquestionable.
However, what really sets him apart is his incredible willingness to help, take the time to understand your particular situation and to find the best solution for your specific issue.
His guidance and analysis were perfectly clear and his commitment to help incredibly refreshing.
It was with great relief that I found Matt's website and having read his articles I contacted him. He was sympathetic to my dilemma and talked me through various options, some of which I had not previously considered.
He helped me assess the situation from a practical point of view rather than an emotional one. I was most impressed with his honest, friendly, free advice and so pleased that I had such a comprehensive talk with him.
Many thanks Matt, I can see some light at the end of the tunnel now!
Matt is knowledgeable, professional and really wants to help you to achieve your property selling goals.
He makes very tailored recommendations by taking the time to understand your particular circumstances.
This is a rare find in the property industry!
I came across Matt purely by accident but am very pleased that did.
I needed advice on my house that has been on the market a year and not sold.
I was beginning to consider a cash buyer company but Matt did the maths and was able to tell me not to do it but gave me other suggestions that I have found extremely helpful.
I would definitely recommend Home Selling Expert.
I contacted Matt after researching options for selling 2 properties.
He got someone to discuss the options of a cash buying company which wasn't right.
Then he followed this up himself with a really helpful discussion where he openly and honestly advised me for my situation.
Would definitely recommend.
Very helpful and resourceful. So glad that we came across this site.
We weren’t sure what to do when faced with a property problem, but Matt at Home Selling Expert was super.
The company that he referred us to was brilliant as well. Thank you so much Matthew! We would definitely recommend this site!
Was given Matt's website details by a friend who had been helped by him in the past. I was offered suggestions that I hadn't considered and will now be taking forward.
This is a fantastic service to offer and it's free. I can't thank Matt enough.
An excellent service with truly impartial advice. Matt really helped me review my options in a systematic and helpful manner.
He was very understanding of what has been a very stressful process in selling my property. I thoroughly recommend both Matt and his website - thank you for being there!
I've worked in property for over 40 years but facing a unique issue that I had never faced before. Home Selling Expert offered immense and extremely invaluable advice.
No hidden fees or charges, just awesome advice. I now know where to go for helpful advice.
I contacted Matt after researching options for selling 2 properties to upsize.
He got someone to discuss the options of a cash buying company which wasn't right.
Then he followed this up himself with a really helpful discussion where he openly and honestly advised me for my situation.
Would definitely recommend.
I contacted Matthew for advice about the sale of our property and relocating as we found ourselves stuck in a difficult situation.
I found him very informative and so easy to talk to. Soooo very helpful with no charge for his advice.
He comes across as a very knowledgeable and genuine person who has certainly given us some good advice to move forward.
Thank you Matthew
Matt gave me excellent advice on how to increase the likelihood of selling my flat.
I also learnt about the pitfalls of online estate agents and auction houses for my type of property.
Matt was patient, kind, understanding, and explained things clearly, offering tailored advice to help with my situation – including connecting me to a company that could help me.
I’d highly recommend speaking to Matt and availing of his services.
Had a very in-depth conversation with Matthew in regard to using a house buying company.
I really wanted to know more, be sure of the potential and pitfalls and I really did speak with the right person.
Matthew advised the best plan for what we want (a quick sale), suggested our options and then took details to pass to the house buying company he recommends.
I feel much more informed and can now take a view as to our options.
Spoke initially with Matthew at Home Selling Expert.
After assimilating my situation he made some suggestions that I could consider.
The route I chose, based on his recommendations, turned out to be successful, and we managed to sell quickly with minimal fuss.
I have spoken with him several times, and his advice has really helped me make more informed decisions.
We’ll explore your specific situation, priorities, and how we can support your selling goals.
Just have any questions or important details about your home ready. We want to understand your needs fully.
You will speak directly with Matthew Cooper, who has over 15 years of experience in the property industry. Matt has bought and sold nearly 150 properties worth over £16m and has assisted thousands of homeowners with their property sales.
Yes, it is free. There’s no hidden cost, no sales pitch, and your details will not be shared with anyone else. We’re here to help you find the best way to sell your home, and give you a personalised plan of action.
If you find our guidance useful and want more help from us, we may be able to connect you with relevant companies who we’ve personally vetted and trust, and who are right for your situation and sale.
If you use them, they may pay us a referral fee for introducing you. This does not affect who or what we recommend during your consultation. Our integrity is worth a lot more than that.
Supporting our business in this way means we can provide you with unbiased advice, for free, with no catch.
If you have any questions or concerns, we're here to help.
Just click this link and complete the short form to arrange a free, impartial chat with a Home Selling Expert.
Notice: Home Selling Expert is supported by our audience. When you use businesses we recommend through our site, they may pay us a referral fee.
But we do not just recommend the companies that pay us the biggest fees. Our integrity is worth a lot more than that.
We work to help you find the best companies for your needs, and to help the best companies win more customers like you.
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