iamsold is the pioneer of the Modern Method of Auction and the market leader in online auctions, with over 60% market share. We offer the most complete and comprehensive range of property auction services in the UK, offering a range of auction types and formats to suit a client’s specific needs and circumstances.
Modern Method of Auction (Conditional)
Our most popular auction method, combining the best of both Private Treaty and Traditional Auction. Offering the speed, transparency, and security of a Traditional Auction but with an extended completion timeline of within 56 days. This extended timescale makes auction more accessible to a wider range of buyers including mortgage and first-time buyers, helping to generate a greater level of interest for a property.
Traditional Auction (Unconditional)
In Traditional Auction transactions, exchange of contracts takes place as soon as the auction ends. The buyer is required to pay a 10% deposit at the point of exchange and must complete within 28 days. This is the most secure and the fastest method of sale; however, it can limit interest to cash and investment buyers only.
*Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the starting bid, both the starting bid and reserve price can be subject to change. Terms and conditions apply to the auction, which is powered by IAM Sold.