In today's fast-paced real estate market, selling a property can be a daunting challenge. Whether it's a mortgageable home that just isn't attracting the right buyers or a derelict property that needs significant investment, finding the right platform to sell these types of properties can be overwhelming.

At Padarn Property, we are committed to providing our clients with innovative and effective ways to sell their properties. That's why we have partnered with Town and Country Auctions, a renowned auction house known for its expertise and success in property auctions. This collaboration is designed to offer a seamless and efficient auction option for homeowners struggling to sell their properties through the traditional, private treaty method.

Why Choose Auction?

Auctioning a property offers several unique advantages:

1.     Speed of Sale: Auctions are fast. The property is listed on all property portals and social media. The bidding opens at 5:30pm and the first property closes at 5:45pm with each property finishing 5 minutes after. A sale is completed within 28 days (about 4 weeks) of the hammer falling.

2.     Competitive Bidding: The auction format creates a sense of urgency and competition among buyers, often resulting in a higher sale price.

3.     Certainty and Transparency: Auctions provide a clear timeline and a transparent process. The buyer pays a 5% deposit upon exchange which provides certainty and peace of mind to both vendors and buyers.

4.     Selling Unique or Challenging Properties: Properties that are difficult to value, such as derelict buildings, often find a more suitable market at auction where the open competition sets the true market value. All properties from derelict to new builds can be sold via an auction.

5.     A Secure Sale Process: As soon as the hammer falls, the winning bidder is legally bound to purchase the property, or the deposit will be lost.

6.     No seller fees: Listing a property for auction is completely free and the winning bidder pays all commission fees, meaning the seller has no fees to pay.

Our Collaboration

Padarn Property and Town and Country Auctions bring together a wealth of experience and a shared commitment to excellence. With Padarn Property supplying all the local knowledge and Town and Country supplying their expertise in the auction world, this creates a win win situation for all. Here’s what will be offered as a minimum to our clients:

Different Auction Types:

1.     Unconditional lot

Contracts are exchanged immediately following the fall of the hammer, the purchaser is legally bound to buy and the vendor is legally bound to sell. The auction conditions require a full legal completion 28 days following the auction and a deposit and a buyers premium are payable immediately.

2.     Conditional lot

Upon the fall of the hammer, the auction conditions require exchange of contracts within 28 days followed by completion within 28 days of exchange. The purchaser shall pay a non-refundable buyer’s premium. The buyer’s premium applicable will be noted on the property listing.

Comprehensive Property Assessment

Our team at Padarn Property conducts a thorough assessment of each property to determine its suitability for auction. This includes evaluating the property’s condition, market value, and potential buyer interest. We will also work with Town and Country who will give a desktop valuation for the property in line with other similar auction properties.

There is also the opportunity for a No Sale No Fee legal Pack. A solicitor can be recommended to prepare the legal pack, and this service is offered on a no sale no fee basis and on completion of a sale a fee of £850 + VAT. For commercial properties, please contact the office to discuss.

Tailored Marketing Strategies

We leverage Town and Country Auctions' extensive marketing network to ensure that your property reaches a wide audience. Our combined marketing efforts include all property portals, social media, the Padarn Property app and the extensive database that Town and Country have.

Professional Auction Management

Town and Country Auctions manage the entire auction process, from initial listing to final sale. Their team of experienced auctioneers and professionals ensures that every auction is conducted smoothly and efficiently, maximizing the potential for a successful sale.

Weekly updates are provided by Town and Country to us to update all vendors on the number of interests the property has been receiving since listing on the auction.

Expert Guidance and Support

Throughout the process, we, with the help of Town and Country, provide expert guidance and support to our clients. We understand that selling a property can be stressful, especially when dealing with challenging circumstances. Our dedicated team are here to answer all queries and to navigate the auction process.

Moving Forward

At Padarn Property, we believe that every property deserves a fair chance to be sold, regardless of its condition or market challenges. Our partnership with Town and Country Auctions opens up new possibilities for homeowners, providing a reliable and efficient alternative to traditional sales methods. Have a look here at the properties Town and Country have available at their next auction!

If you're struggling to sell your property or simply want to explore the auction option, we invite you to contact us. Let us help you unlock the true potential of your property through the power of auctions.

For more information or to get started with your property auction, visit our website, auction website, or call us today!

Ben McEvoy