At aaza Estates, we offer our sellers the opportunity to list their property with us via the modern auction method in partnership with I AM SOLD.
This is a tried and tested method associated mainly with selling and buying investment stock due to more restrictive timeframes to exchange contracts and complete the sale. This limits buyers and the interest and activity around residential properties.
This more accessible route creates a transparent platform for buyers and sellers, combining the best aspects of traditional auction and private treaty sales. In addition, we offer more realistic yet fixed timescales, opening up the marketplace for buyers and sellers looking to arrange mortgages as their payment method. For example, the exchange of contracts has 28 days from the solicitor's receipt of draft contracts. In contrast, with traditional auctions, the exchange of contracts will usually take place as soon as the buyer has won the bid.
The Modern Method of Auction opens the auction market (once reserved for the professional investor or cash-ready buyer) up to residential buyers, creating a larger marketplace and more interest and activity than traditional auction. It is the preferred route for buying and selling via auction and has changed the perception of auction in the last decade.