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WELCOME HOME Changing the perception of property auction

Our Flexible Auction Services

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.

 

The Traditional Method 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

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.

This simple way to buy a house is a breath of fresh air. We could not recommend highly enough. 28 days start to finish!

ABOUT US

We operate across all of London, with our area of expertise being South East London. We cover the needs of Landlords, developers, sellers, buyers and tenants, so whether you’re selling in Southwark, or letting in Lambeth, we’re ready to get you moving!

A local estate agency with a big personality, we combine traditional methods with new innovative technologies to provide you with an exceptional level of service and real value for money.

With over half a century of property experience between us, our passionate team lives and breathes the property market; we’ve experienced the buzz of buying our first home, the emotional rollercoaster of selling and the headaches involved with letting a property.

We understand how overwhelming it can all be, because we’ve been there too, and use our own experiences to ensure you are receiving the right support and advice at the time you need it.