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.
We are an independent estate agent offering a personalised service that it is difficult for a corporate agent to replicate. It is often difficult for an independent agent to match the marketing power of a corporate however Orlando Reid have the advantage of being linked to over 800 branches nationwide through The Guild of Property Professionals. Alongside this we advertise on all the major property online portals as well as on our full screen website offering high resolution pictures. On our website we also offer a ‘my account’ facility giving you easy access to documents related to your property transaction with Orlando Reid such as tenancy agreements and invoices. We will also advertise your property in our Orlando Reid ’life’ magazine which we distribute to local businesses as well as our Guild Magazine.
The majority of our business comes from referrals and we rely on repeat business so every client of ours is just as important as the next.
If you would like to arrange a no obligation valuation on your property please contact your local branch.