Choose between the Modern Method of Auction (MMoA) for flexible timelines and more options, or the traditional auction for properties available at a more competitive price.
","tiles_overlay_color":null,"number_of_tiles":"two","tiles_layout_type":"text_under_image","tiles_bg":"dark_grey","tile_padd":null,"slider_enable":false,"tiles_module":[{"title":"Modern Method of Auction (MMoA)","id":"670e27823a9ec7999080ef6a","content":"This is our most popular auction method as it combines elements of Private Treaty and auction. It provides the speed, transparency and security of a traditional auction but exchange and completion take place within 56 days from receipt of draft contract. ","popup_content":"Things to consider as a buyer:
\nThings to consider as a buyer:
\nAuction properties can be found on major property search engines, or advertised with our Estate Agency Partners. You can also search on www.iamsold.co.uk
","cta_link":null},{"title":"Viewing","content":"We would always recommend viewing any property you are considering. You can book your viewing through the Estate Agent and afterwards the iamsold team will be in touch to discuss your feedback and potential interest in bidding.
","cta_link":null},{"title":"Buyer information pack","content":"If you plan to bid, you need to carry out your due diligence before proceeding. To help you, each property has a Buyer Information Pack and we highly recommend that this information is reviewed carefully or with a solicitor before bidding.
","cta_link":null},{"title":"Sale method","content":"Information will be available about how your chosen property is being sold; this will either be via Traditional or Modern Method of Auction.
","cta_link":null},{"title":"Bidding","content":"To bid, you must register by clicking the link on the property details page and following the online steps. Our friendly team will contact you for an ID check. Once approved, you can place bids and monitor live bidding activity, so you won’t miss out if you’re outbid!
","cta_link":null},{"title":"You are the winner","content":"Depending on the auction method, you have 28 or 56 days to complete the purchase after receiving the draft contract. A Reservation Fee or Deposit is required to reserve the property, and you must also instruct a solicitor and provide proof of funding before the exchange.
","cta_link":null},{"title":"Next steps","content":"Our expert Completions team will help to progress the sale, keeping you updated every step of the way.
","cta_link":null}]},{"__typename":"GLSTRAPI_ComponentComponentsShowFeaturedProperty","id":"670e292ab4e4539a2ef1528f","show":true,"title":"Latest auction properties","tab_list":[{"add_tab":"auction_sales","id":"670e292ab4e4539a2ef15292","tab_name":"Auction properties"}],"background_clr":"light_gray","feat_padd":null},{"__typename":"GLSTRAPI_ComponentComponentsLocalExperience","id":"670e292ab4e4539a2ef15290","title":"Buyers auctions guide","content":"Our buyer's auction guide offers a comprehensive overview of the auction process, helping you navigate each step with confidence. From understanding bidding strategies to securing financing, we ensure you’re well-prepared to make informed decisions and maximise your chances of success.
","local_padd":"padding_bottom_none","background_color":"none","image_align":"left","image":{"url":"https://ggfx-thornleygroves.s3.eu-west-2.amazonaws.com/i/Local_Experience_Website_Imagery_73_ce03ba94a0.png","alternativeText":""},"accordian_module":[],"button_cta":{"theme":"primary","target":"none","custom_link":"https://ggfx-thornleygroves.s3.eu-west-2.amazonaws.com/i.prod/TG_Buyer_Guide_9017dcbbe8.pdf","id":"670e292ab4e4539a2ef15293","label":"Download guide","menu_item":null}},{"__typename":"GLSTRAPI_ComponentComponentsTrustpilotComponent","id":"670e292ab4e4539a2ef15291","title":null,"content":"\n\n","bg_image":null,"bgclr":null},{"__typename":"GLSTRAPI_ComponentComponentsFaq","id":"670e298db4e4539a2ef152b3","title":null,"title_content":"If you have any more questions or need further details, feel free to explore our guides or reach out to our team.
","theme":null,"faq_bg":null,"faq_padd":null,"faq":[{"answer":"It’s essential to do your research on the property and comparable sales in the area. Consider your budget and any additional fees, such as the Reservation Fee. We also provide insights and guidance to help you determine a competitive bid.
","question":"How do I know how much to bid?"},{"answer":"If you win, you’ll need to pay a Reservation Fee within a specified time frame, typically 2 hours after the auction closes. You’ll also have a set period (28 or 56 days) to complete the purchase, so ensure your financing is ready and your solicitor is instructed.
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