Unique Living

OUR GUIDE TO

Selling at a Luxury Overseas Property Online Auction

Looking to Sell quickly at a Luxury Overseas Property Online Auction

Prior to Online Auction

If our local partners have not already contacted you, then the process of selling overseas property online Auction is straight forward. Our office will contact you & ask about your property, situation & requirements

We will then pass the information to our local experts who will value your property & advise you on the best method of sale, by conditional or unconditional online auction

In conjunction with our local team will give you guide price & reserve price recommendations, talk you through the process & help you decide on the appropriate way forward

Are you looking to sell your luxury overseas property quickly?

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Provide your email address & we will get in touch with you as soon as possible

Agreeing the price for your property

Guide Price & Reserve Price

Our team will recommend a guide price which you will need to approve before marketing begins. It is important to set the guide at a realistic price which is attractive to buyers, to generate competitive bidding in the online auction & ensure the best price is achieved

 

We will also agree a reserve price with you for your luxury overseas property. This is the level below which we will not be authorised to sell your property. It is important that the reserve price is set at a realistically achievable level.

Agree an Online Auction Method

Conditional or Unconditional Purchase

We offer sellers two online services, sale by conditional auction or sale by unconditional auction

Unconditional online auctions work on the same basis as traditional auctions, with exchange on the property at the end of a successful online auction & completion 28 days later

With a conditional auction, the buyer pays a reservation deposit which gives them the right to buy the property

After a conditional auction the buyer then has 28 days to exchange contracts & a further 28 days to complete. This gives the buyer time to arrange a survey, mortgage or other finance before exchange

Instruction to Sell

Our local team will confirm our online terms & conditions with you, you should contact your solicitor to arrange for a legal pack to be prepared as quickly as possible. The elements of a legal pack include a copy of the Register of Title, the Land Registry & Local Searches, Property Information Form, Leases, Licenses, Tenancy agreements & Planning Permission Documentation. The legal pack will be posted online for prospective buyers to download together with the property details, photographs & floor plans. We will submit the property details we have prepared for your approval &l commence our marketing of your villa or apartment.

Marketing Your Property

We will conduct a targeted marketing campaign for your luxury overseas property, both online & in local & national press. We have social media campaigns running on Facebook, LinkedIn & Instagram targeting buyers based on age, location, interests & recent browsing history. We will advertise your property on our website & on national & international property portals

Viewing Your Property

During the current Covid-19 crisis it will not be possible for potential buyers to view your property, therefore where applicable we will offer potential purchasers Virtual Tours, in addition to this we will rely on the comprehensive information you provide our local team, including imagery, to paint the best picture of your property possible

Offers Before Auction

Buyers will register their interest in your villa or apartment & get authorisation to bid prior to the auction. We will advise you how many people are watching your property & how many people have registered to bid. We will also update you on the interest from other marketing avenues

The Online Buying Process

The auction usually runs for seven days until the finishing time, but this can be flexible depending on your requirements. The system will extend the time by 60 seconds after a bid to allow for final bidding until the highest bid stands uncontested

Our partners have developed the online auctions to be intuitive & easy to follow. You also have the reassurance that the bidders on your property are using a platform that is safe & secure, operated by the UK’s number one property auctioneer

There is no possibility of gazumping or re-negotiation with auctions & the whole transaction is transparent for both buyers & sellers of luxury overseas property

Once the Gavel Comes Down

Exchange & Completion

We will notify your solicitor & provide a notification of sale so they can handle the process of exchange & completion

 

You will need to provide vacant possession on completion, unless the property has been sold tenanted. In addition you will need to make arrangements for key release & cancel your service supplies, insurance etc

Please Get in touch with any Questions

Do you have a Luxury Overseas Property for Sale?

Please provide full details about your overseas property or any questions you have.

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All you need to know when Buying & Selling Before or at our Online Auction

Luxury Overseas Property Online Auction Guides