How to reach the SDL Auctions team about selling your property
Describing itself as the UK’s most successful live-stream property auction house, SDL Auctions uses some innovative online approaches to selling a broad mix of commercial and residential properties, whether for individual homeowners, corporations, or anyone else. The company is based in Nottingham but it hosts auctions for properties across the UK, including London.
SDL Auctions provides two main methods for selling a property: an auction event or a timed auction. The auction events are traditional live auctions that take place in a designated location with bidders in the audience. Prospective buyers who are unable to attend can place bids by phone, internet or by proxy, meaning they specify in advance their intended maximum bid. Timed auctions are open to bids 24 hours a day, seven days a week, for as long as the lot is listed, and buyers are able to place bids at whatever time of day or week works best for them.
Buyers find the entire catalogue of upcoming SDL Auctions online, including plenty of details about each property, its minimum reserve price, exact location, and more. Auctions typically take place in the morning and interested buyers must make sure to register in advance, whether they plan on attending the auction in-person or intend on placing their bids remotely online.
Telephone number: 0800 304 7879
Email: enquiries@sdlauctions.co.uk
Website: https://www.sdlauctions.co.uk/
Address: 17 Regan Way, Chetwynd Business Park, Chilwell, Nottingham, NG9 6RZ
Crucial facts to know about selling your property using an auction
A key benefit of using an auction to sell your residential or commercial property is that many auctioneers know how to attract bidders for a large range of houses, shops, and other properties. Even if a home has structural issues such as subsidence or dry rot, legal problems, is located under a noisy airport flight path or near a railway, situated in a flood zone, has the invasive Japanese knotweed in the garden, is a flat with cladding, is a house of multiple occupancy, or is lacking important legal documents, auctioneers could still be able to successfully sell the property.
At an auction, you will agree to a minimum reserve price – this is the lowest-possible value at which you can accept your property selling. Your aim is to have several people wanting to buy your home, because they’ll keep trying to outbid each other, which will increase the final sale price. But note that if you only receive one bid at the reserve price, this is a legally binding agreement to purchase your property and therefore it sells at that value. Make sure that you can afford to sell your property at the reserve price after you’ve subtracted the auctioneer’s fees. And if you receive no bids, your property is deemed unsold.
The commission that an auctioneer will charge you can reduce the profit that you’ll expect to make from selling your property. However, you may be able to transfer the responsibility for paying part of these fees on to the winning high bidder who bought your property at the auction.
Selling a property via SDL Auctions: top answers to important queries
Yes, the team at SDL Auctions has experience with selling many different shapes, sizes and types of residential and commercial properties through its two types of online auctions.
SDL Auctions routinely holds more than one auction a month, and you can find the full list of pending auctions at sdlauctions.co.uk
The first is what the company calls an auction event, which is a traditional in-person auction that buyers can also attend virtually in real time. The second is a timed auction where a property listing is placed online for a set amount of days and people can bid any time of the day, 24 hours a day, seven days a week, until the deadline for the auction occurs.
