Property test

Selling with Romans auctions

Step-by-step to selling at auction

Case Study The need for speed

Meet the Auctions team

click the links to view a page

How to benefit from selling at auction

Click here to visit our website

Property test

Selling with Romans auctions

Step-by-step to selling at auction

Case Study The need for speed

Meet the Auctions team

First things first, will your property or situation benefit from an auction sale?

TAKE THE PROPERTY TEST

Sold for private seller

Sold for Executors

Do you... Need to sell quickly? Want to settle an estate? Want the security of a certain sale? Already own your next property? Have high overheads on a property?

Sold for Attorney

Sold for Executors

Sold for private seller

Is your property... Vacant? Unique? In need of modernisation? On a large plot? Difficult to value?

If you can answer ‘yes’ to one or more of these questions, selling by auction could be the best option for you. Selling property at auction isn’t complicated and this guide will show you how in just a few easy steps. Sellers are

30 more likely %

to sell their property by auction with Romans than with any other auctioneers in the UK Source: Essential Information Group 2015

2

Property test

Selling with Romans auctions

Selling with Romans auctions Selling at auction isn’t complicated and it offers sellers a way of selling land or property quickly, transparently and with certainty – contracts are exchanged on the day of the auction. Each year hundreds of people choose to sell residential and commercial property through our widely publicised auctions.

We hope that this guide will give you valuable information, to help make your sale as stressfree as possible. We also hope it shows you why, every day, more and more people trust Romans to sell their property at auction. Visit our website for more information

Step-by-step to selling at auction

Case Study The need for speed

Meet the Auctions team

The significant benefits of selling by auction are: Certainty Contracts are exchanged on the day of the auction on the fall of the gavel Speed Instruction to exchange can take as little as four weeks, or less Transparency All interested parties bid publicly and competitively for the lot Efficiency Benefit from comprehensive and extensive exposure to the market Cost effective Competitive bidding will result in the best price on the day, subject to a reserve price

3

Selling with Romans auctions

Property test

Step-by-step to selling at auction

Case Study The need for speed

Meet the Auctions team

Selling by auction is easy Preparing your property for auction

1

A member of the auction team will inspect your property followed by expert advice on marketing & recommendation on pricing

2

On instruction, measurements and photographs will be taken and property particulars will be produced for your approval

3

Your solicitor will provide a legal pack for prospective buyers to inspect

Marketing (starts 3–4 weeks before auction)

4

Your property receives maximum exposure through the Romans website, Rightmove, online catalogues, the local press & email to subscribers

5

Advertised across our extensive branch network throughout the region

6

Pre-agreed block viewings are carried out by our local property experts

Auction day

7

When the gavel falls, a legally binding contract is formed (exchange of contracts)

8

Successful bidder will pay a deposit of 10% and contracts will be signed

9

Completion usually takes place within 20 working days of auction

4

Property test

Selling with Romans auctions

Step-by-step to selling at auction

Case Study The need for speed

The need for speed

Meet the Auctions team

Did you know?

60

% of auction buyers

This property was sold quickly at a higher price than previous offer Having lost her husband, the owner of this property neither had the money nor the energy to renovate her tired home. The owner instructed another local estate agent to sell the property and with just a handful of viewings in a three month period, the owner was advised to accept an offer of £190,000, much lower than the recommended asking price. As there had been no other interest the owner reluctantly accepted the offer.

come from the local area

Source: Essential Information Group 2015

The house was entered in the next auction in May and after only 4 weeks of comprehensive and extensive marketing there was competitive bidding for the property. The gavel fell at a sale price of £214,000, giving the owner £34,000 more than their previous offer. The owner was delighted that Romans’ marketing exposed the property to the widest possible audience which enabled a fast sale. Read more about other clients we have helped

Two months later, contracts had still not been exchanged and the client was advised to accept a further reduced offer of £180,000. With reluctance, the owner again reluctantly agreed on the basis that contracts would be exchanged quickly. Another six weeks passed without progress, in which time the owner lost money on a survey and lost the house that she wanted to purchase. Frustrated with the length of time and annoyed by the fact that the delay was costing her money the owner decided to call Romans Auctions for help. The property was inspected and a reserve price agreed.

5

Selling with Romans auctions

Property test

Step-by-step to selling at auction

Case Study The need for speed

Meet the Auctions team

Meet the Auctions Team Led by Auctions Director Simon Clayton, the experienced team help all those looking for a fast and effective way to sell their property or land. To find out more about the auctions process, call us for an informal chat.

Simon Clayton MNAVA Director and Auctioneer [email protected]

Gareth Bell Auctioneer [email protected]

Daniel Gale Surveyor [email protected]

Jo Searle Auction Coordinator [email protected]

As a member of the National Association of Valuers and Auctioneers, Simon has significant experience in advising clients how to achieve the best price for their property in a fast and certain timescale and loves the transparency of the auctions process.

Gareth has over 20 years’ industry experience and has worked as an auctioneer for Romans for over 10 years. He is dedicated to building strong relationships with his clients, demonstrating how convenient and easy the entire auctions process is.

Daniel joined Romans in 2007 and has experience of working with a wide variety of property types and specialises in commercial property sales. Daniel prides himself on delivering high customer service levels and guiding his clients through the entire auctions process.

Having joined Romans in 2008 Jo is responsible for office management, catalogue production and advertising as well as running the busy contracts room during the auctions. She understands the auctions process inside out and is happy to share her knowledge with all clients.

Auction Venue

Freephone: 0800 093 9994

Conference Centre

Email: [email protected]

100 Longwater Avenue Green Park Reading RG2 6GP

6