iamsold is the pioneer of the modern method of auction and no other auction provider in the UK and Ireland offers estate agents such a complete and comprehensive range of property auction services.
Over 2,000 estate agent branches currently combine their local knowledge and property expertise with our award-winning auction service, allowing them to offer their sellers and buyers with both traditional and modern methods of auction.
A familiar auction method that usually takes place at a live auction event. It offers the buyer and seller speed and complete security as the buyer makes payment of a 10% deposit and exchange of contracts takes place straight away. Completion takes place 28 days later.
These more restrictive timeframes can limit interest to cash buyers and investors so its usually best suited to those that need a quick sale, are not in a chain, or have a property that wouldn’t be considered as suitable for mortgage lending.
The modern method of auction combines elements of private treaty and traditional auction, making it a more accessible auction method. These auctions usually take place online, creating a larger marketplace which helps gather more interest and activity.
This method offers the security of traditional auction as the buyer pays a non-refundable reservation fee and signs a reservation form, committing them to the purchase. Like traditional auction this method has fixed timescales, however these are 56 days to complete making this auction method accessible to mortgage and residential buyers as well as investors and cash buyers.
This method is often best suited to sellers that are looking for the speed and security of an auction with a larger buyer market.
*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 Modern Method of Auction, which is powered by IAM Sold.
JT Clarke London is a property company that likes to challenge the stereotype of traditional estate agency. We pride ourselves on treating each and every one of our clients as an individual and delivering the kind of service that people remember for all the right reasons.
Unlike many of our competitors, we genuinely take the time to understand your specific situation in order to help you achieve your objectives faster. We know what a minefield the property market can be, so we explain all the relevant legislation in plain English so you can have a clear understanding of all your rights and responsibilities before making any commitments.
During the two decades (and counting!) we’ve worked in the London property industry we’ve gained an invaluable understanding of what customers really want. We also run our whole business on important core values like honesty, integrity and efficiency at all times.
Our comprehensive range of services includes Services offered include FREE market appraisals, Sales, Lettings, Property Management, Commercial, New Homes, Investment and Development and Financial Services supplied by independent specialist brokers.
To find out more about how JT Clarke London can make your property journey a pleasurable one, contact us today.