Auctions
Selling at auction is often a daunting thought.
At Hamwic, we have teamed up with whoobid to provide a slick, easy and transparent way of selling property. If you need to guarantee a sale by a specific time and/or have a property which you feel may be specifically suited to a sale by auction, we would be pleased to advise and discuss the process in more detail.
Selling at auction is often a daunting thought, but with Hamwic we are streamlining the process for you. Selling can indeed be quick and easy, you can watch the auction live from the comfort of your home and you can set a reserve so you do not have any surprises.
You will pay 0% Commission to sell your property this way!
Simple Registration Process
Bringing the auctions to you
Innovating an out-of-date method of sale
Fair independent service for both buyers and sellers
We offer two different types of online property auction, traditional and modern method.
Traditional Auctions
Our traditional auctions enable a property to be sold through our online platform in a way that is consistent with auctions you may have come across before: namely that exchange of contracts happens on the fall of the hammer to the winning bid over the reserve price, with completion taking place 28 days later. We have now given this a modern twist by taking the whole process online.
Modern Method Auctions
This concept is a little different. The process works in exactly the same way as the traditional auction, however at the end of the auction, the winning bidder (over the reserve price) enters into an exclusivity agreement wherein they have 28 days to exchange contracts, otherwise they lose their deposit. This approach allows more time for buyers to arrange such things as finance that are often tricky with traditional auctions.
For further information please do not hesitate to contact us on 02380 663999 or email us at enquiries@hamwicestateagents.co.uk
Frequently asked questions
Everything you need to know about the selling in auctions.
Can you still get a mortgage on an auction property?
Yes you can, however this is more suited to the Modern method. The Home Agency strongly advise obtaining mortgage advice prior to bidding to purchase through the auction platform.
The reservation fees will still need to be paid and are non-refundable if you fail to get finance.
Why do bidders need to do an identity check and provide card details prior to placing a bid
Yes you can, however this is more suited to the Modern method. The Home Agency strongly advise obtaining mortgage advice prior to bidding to purchase through the auction platform.
The reservation fees will still need to be paid and are non-refundable if you fail to get finance.
How much will the successful bidder pay in fees on the fall of the hammer?
Yes you can, however this is more suited to the Modern method. The Home Agency strongly advise obtaining mortgage advice prior to bidding to purchase through the auction platform.
The reservation fees will still need to be paid and are non-refundable if you fail to get finance.
What do I need to do before bidding?
Yes you can, however this is more suited to the Modern method. The Home Agency strongly advise obtaining mortgage advice prior to bidding to purchase through the auction platform.
The reservation fees will still need to be paid and are non-refundable if you fail to get finance.
Can I view the property before the auction?
Yes you can, however this is more suited to the Modern method. The Home Agency strongly advise obtaining mortgage advice prior to bidding to purchase through the auction platform.
The reservation fees will still need to be paid and are non-refundable if you fail to get finance.
What are the risks of buying at auction?
Yes you can, however this is more suited to the Modern method. The Home Agency strongly advise obtaining mortgage advice prior to bidding to purchase through the auction platform.
The reservation fees will still need to be paid and are non-refundable if you fail to get finance.
Still have questions?
Can’t find the answer you’re looking for? Please chat to our friendly team.
How can we help?
Buying a property at auction can be exciting, but it’s essential to have the right support. Whether you’re a first-time buyer, an investor, or looking for your next home, we’re here to guide you through the process.
- Get expert advice on auction properties.
- Understand legal packs and auction terms.
- Secure the right financing options.
- Receive step-by-step support from registration to completion.
Have a question? Fill out the form, and our team will be in touch to help you move forward with confidence.
