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Location:
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London
South East
South West
Wales
Midlands
North West
North East
Northern Ireland
Scotland
Type of Property:
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Flat
Semi-Detached
Detached
Bungalow
Mid-terraced
End of terrace
Commercial
Minimum Bedrooms:
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1
2
3
4
Minimum Price:
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0
50,000
100,000
200,000
300,000
Maximum Price:
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0
50,000
100,000
200,000
300,000
400,000
500,000
Lot No.
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Why we use Hometrack for our property valuations
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Sell your home quickly for cash
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Online Property Auction Enables you to Sell your Home but Rent it Back
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Online Property Auction Offers Incredible Opportunities for Investors
Frequently asked questions for sellers.
How long will the auction last?
Buyers have 7 days to view properties particulars, arrange surveys or a viewing. After which time, the auction starts and lasts for 5 days.
How much discount off my property do I need to give to join the auction?
Sellers need to set a reserve price at least 20% below Hometrack’s valuation of your property. Hometrack provides an independent Property Valuation Report created by a computer model. Click here for more details of
Hometrack
.
Who are Hometrack and how do they value the property?
All valuations through Discount Property Auction are undertaken by Hometrack. Hometrack provides an independent Property Valuation Report created by a computer model and is now the market leader in Property Valuations and used by the majority of High Street Banks & Mortgage Lenders...
Click here
for more details.
Sellers must set a reserve with at least a 20% discount to join the auction.
How much does it cost to sell a property on Discount Property Auction?
We charge no commission, unlike traditional auction houses or estate agents. We obtain our commission from the buyer. All you have is one minimal upfront cost of £50 for the documents required from the Land Registry. What have you got to lose?
Can Buyers arrange to see the properties in the auction?
Yes, Members can arrange a viewing through their My Account area.
Can Buyers arrange a survey for properties in the auction?
Yes, Members can arrange a survey for the property through their My Account area.
What information is given about the properties?
Visitors to the site will be able to see property particulars, view photos and floor plans, without becoming active subscribers.
Members can view the full Hometrack report (an impartial property valuation), find out information about the locality, request a survey, arrange a viewing and place bids when the auction starts.
Please
click here
to view how properties are promoted on Discount Property Auction.
Will the buyer and seller be bound to the contract?
Both sellers and buyers are bound when they agree to the terms and conditions of Discount Property Auction. When the auction finishes, we take an immediate reservation fee from the buyer’s credit card, which acts as an exchange of contracts.
What documents do you obtain from Land Registry?
We obtain Legal Title information (the names of the registered owners and any interested parties named on the deeds) and the Title plans (the official boundaries of your property in relation to neighbouring properties). As a buyer is legally bound when their bid is successful they will want to see this information upfront. With a leasehold property it is also advisable to have the information from the Freeholders/Managing agents regarding the particulars of your lease.
What is the Make Offer Now function?
During the Pre Auction period, we encourage buyers to ‘Make you an Offer’. You can decide to accept or decline offers, however, once you accept you are legally bound to continue with the sale.
How do I add my property?
Click here
to set up an account and start to add your information. Once submitted, we will be in touch to discuss the valuation and agree a fair discount / reserve price.
