Modern Method of Auction

What is the Modern Method of Auction?

We're on a mission to change perceptions of property auctions. For too long, auctions have been seen as a complex or intimidating way to buy or sell a home, with many people assuming they're only suitable for developers or investors. As part of our commitment to providing innovative ways to move home, we're delighted to introduce the Modern Method of Auction through iamsold, offering a more accessible, flexible, and transparent approach to buying and selling property.

Sell with confidence through the Modern Method of Auction. By marketing your property through an online auction, you'll reach a wider audience of prospective buyers while benefitting from clear, fixed timescales. With exchange and completion typically achieved within 56 days, it's a fast, secure, and convenient way to sell your home at a price you're happy with. Speak to your local agent today to see if it's right for you.

Speak to your local agent

Benefits of selling this way…

Security – sales are secured with a buyer paid Reservation Fee and signed Reservation Agreement meaning all parties can move forward with the sale in confidence.
Speed – fixed, realistic time-frames allow for buyers to exchange and complete within a speedy 56 days.
Price – set a hidden reserve price to help ensure that your property sells for a price that you’re happy with.
Maximise interest – 24/7 bidding means that your property will achieve greater exposure to potential buyers. Increased interest can encourage competitive bidding which can help to drive up the selling price.
Greater control – don’t wait around to hear about the interest on your property… with real-time updates, 24/7 bidding and the ability to track and view previous bids you can see how well your property’s doing at any time of the day.

Benefits of buying this way

Transparency – access to Property Information Packs from the outset means that can you make informed decisions before bidding on a property. With no hidden fees to pay, you’ll know exactly what you have to pay once all bids are in at the end of the auction.
Security – at the end of the auction you’ll enter into a reservation agreement with the seller - this commitment reduces the risk of a sale not completing for both parties.
24/7 bidding – can’t attend an auction? No need to worry! With the ability to place bids remotely using our online auction's platform it won’t matter if you can’t go to the auction day. What’s more, you can also set your bid limits and track the progress of a sale 24/7.