Getting in touch with Drivers & Norris about auctioning your flat or house
Drivers & Norris, provides auction services for owners of freehold or leasehold houses or flats in the UK and Ireland. The company makes available online its entire catalogue of properties listed for sale, and it’s possible for interested buyers to refine their searches by specifying which features they want in a home, such as number of bedrooms, as well as being able to search properties within a certain price range.
If you’d like to sell your home at a Drivers & Norris auction, you can choose between what it calls the traditional method of auction or the modern method of auction.
With the traditional method of auction, you’ll list your home for sale and the auction will take place live and in person on a specific date. Drivers & Norris says that this approach provides sellers with both a fast process and security about the transaction, because a winning high bidder who buys a property at auction pays typically a 10 percent deposit at the time of sale and the exchange of contracts on the home occur immediately. Completion of the sale happens typically 28 days from the date of the successful auction, which is the usual deadline for finalising auction sales.
With the modern method of auction, Drivers & Norris will host auctions online for a certain amount of days and then a countdown begins. Visitors to the company’s website can see a property and learn whether it has received any bids. They can place bids any time of the day, seven days a week, until the deadline for the auction happens. A benefit of this method is that it can attract a greater number of buyers, but can take longer than the traditional method.
Telephone number: 020 3859 2499
Email: info@drivers.co.uk
Website: https://drivers.iamsold.co.uk/
Address: 407/409 Holloway Road, London, N7 6HP
Important information to know about using an auction to sell your house or flat
One of the reasons that some people like to try selling their homes via an auction is that it might potentially increase the chances of finding a buyer for a property that has an unusual or negative feature. Many auctioneers during their years in business have sold a wide variety of houses and flats, no matter their condition. For example, some homes sold at auctions include properties built with non-standard construction material such as concrete, flats with cladding, houses that are lacking Energy Performance Certificates, homes situated in flood zones, and more.
Auctions can also be useful because they give owners some more certainty about selling, because the sale will be scheduled for a specific date. Remember that if you do not receive any bids on your home then it will not sell at the auction. But any qualifying bid on a house or flat is deemed to be a binding legal agreement to purchase the property, and either the seller or buyer can enforce the sale. Ask your auction house what deadline they usually require for completing the purchase of a successful property; it’s typically 28 business days but can be more or less time.
Answers to top queries about selling a home at a Drivers & Norris Auction
Yes, the company has extensive experience with selling freehold and leasehold houses and flats through auctions, regardless of the shape, size or condition of the property.
Sellers can choose between a traditional auction that takes place on a specific date, or a modern auction where a property is listed for sale for a set amount of days and buyers can place bids 24 hours a day, seven days a week, until the auction deadline occurs.
It depends on which method of auction you choose; if you opt for the traditional method of auction with the sale taking place live on a single day then the buyer must complete the purchase of the property usually within 28 days.
