How do auctions work?

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Posted on Monday, February 26, 2024

How do auctions work?

How our property auctions work...

In the dynamic world of property transactions, uncertainty and delays can often cast a shadow over the selling process. However, at FSS, our successful land and property auctions, provide sellers with a streamlined, anxiety-free, and swift selling experience. Here, we delve into the essence of how our auctions work, offering a blend of tradition and innovation that sets us apart.

Picture this: on the fall of the auctioneer's gavel, both buyer and seller are contractually bound, and the sale is sealed on the very day of the auction. At FSS, our auctions are designed to bring certainty to the selling process. No prolonged negotiations, no lingering uncertainties – just a decisive transaction that reduces anxiety for sellers and ensures a rapid completion.

One of the unique advantages of our auction platform is its ability to foster strong competition among potential buyers. When more than one person expresses interest in your property, our auctions have the power to push the bidding envelope, often resulting in achieving a premium price. 

Certain types of properties are tailor-made for the auction setting. This includes investment properties, commercial spaces, industrial units, those in need of modernisation, and unique properties without recent market comparables. Our experienced auctioneers, with over 20 years in the field, can guide you on whether your property is an ideal fit for our auction platform.

Online Auctions: Bringing Convenience to Your Bidding: In response to the evolving needs of our clients, we've seamlessly transitioned into the online realm. Our unique online auction experience, led by our in-house auctioneer Richard Smailes, recreates the thrill of the Harrogate auction room virtually. Bid from the comfort of your home, office, or wherever you may be – it's the drama of the auction, now on your screen.

How Online Auctions Work: Participating in our online auctions is straightforward. Simply register in advance, whether you intend to bid by phone, proxy, or online. The auction will be live-streamed on the specified date, providing a real-time update on bidding. If you emerge as the successful bidder, a swift completion process awaits, ensuring efficiency and transparency throughout.

At FSS, we've mastered the art of combining tradition with innovation, delivering a selling experience that's both effective and efficient. Our auctions, whether in person or online, offer a platform where certainty, competition, and premium prices come together seamlessly. If you're considering selling through our auction, reach out to our experienced auctioneers Richard Smailes or Simon Croft, and let's embark on a journey towards a swift and successful property sale.

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