Selling by Auction

Ensuring the best possible price while avoiding the pitfalls

Why Sell at Auction?

Selling by auction can be the ideal way to ensure the best possible price and avoid last minute hitches. Clients have the benefit of knowing that once the hammer falls, the resulting contract is legal and binding.



Auctions continue to rise in popularity because they offer a quick – no-nonsense – sale.

Advantages of Selling at Auction

Extensive Advertising

Extensive advertising also means that the property gets more exposure within a short period of time.

Legal & Binding

Once that hammer falls, the contract is legal and binding.


This avoids any last minute delays and the uncertainty often associated with selling a property the conventional way, ie. the likelihood of gazumping, the price being negotiated down or the buyer pulling out.

Increased Prices

Often competitive bidding leads to the price being driven up.


No Chains

The sale is more straightforward than a conventional sale as there is no chain.


You can still achieve the best possible price as auctions attract a wider market of owner occupiers, investors, developers and property dealers.

Save Time

The speed of sale is much quicker with completion normally 28 days from exchange of contracts.

Transparency

Public auctions offer transparency of sale, you the seller can be assured that you have received the highest price.

Choosing Your Auctioneer

Your auctioneer is paramount to the sale and will provide you with expert guidance according to your specific requirements.


We are your perfect choice as we are committed to providing clients with a comprehensive service, local knowledge and expertise derived from a combined 100+ years of experience which enables the company to provide clients with sound professional advice and an outstanding customer experience.

What types of properties are suitable for auctions

Certain types of property tend to be more suitable for auctions than others. Auctions attract all types of buyers but in particular attract purchasers who are interested in renovation, development and investment projects.

Auctions may not always be the best method to sell the “normal type” of property because you stand little chance of obtaining the best price. Our experienced team will guide you as to the suitability of your property or if we feel an alternative method sale would be better route of sale.

"We will guide you on the suitability of your property"

Finding out the value of your property

You will be able to arrange a free, no obligation, valuation of your property when we can advise you of the price you are likely to achieve. Use this time wisely and ask any questions that you may have about the auction process



Our local knowledge and expertise mean you can be assured that you are receiving well-informed advice and expert guidance derived from over 100 years of combined experience.

Entering your property for an Auction

We hold 7 plus auction sales per year with local and national coverage and achieved 90% average success rate over our 2021 auction sales. Our auction brochure is published 4 weeks prior to the auction, therefore we prefer to receive instructions approximately 6 weeks prior to the auction date.

 

Once we have been instructed to sell your property we will prepare the details for your approval.

Setting Your Guide Price

Guide prices are indicative only and are normally the minimum price a property will be sold for. The guide price is generally within 10% above or below the reserve price. The reason for this is that it provides an incentive for a purchaser to buy and complete within 28 days. The sale price is always expected to exceed this. We recommend that you consider the guide price carefully to capture buyers interest which once lost is sometimes very difficult to bring back.

Instructing solicitors

You will be required to instruct a solicitor to prepare the legal pack which will be made available on our website during the marketing period. All downloads of the legal documents are logged so that we can contact interested parties to discuss potential offers and also to keep you informed of the interest.

 

We will liaise fully with your solicitor during the auction process from ensuring that the legal documents are available ahead of the auction through to completion of sale. On receiving instructions solicitors will request search fees in order to instigate the searches.

Marketing your Property

We want your property to get maximum exposure during the marketing period which commences 4 weeks prior to the auction.

Website & Property Portals

The property details will be live on website our which offers the advantage of remote bidding and live streaming of the auction. The details will also be on Rightmove and On The Market websites.

For Sale Board

A for sale board will also be prominently displayed at the property.

Extensive Mailing List

Our online brochure is distributed to potential buyers on our extensive mailing list.

City Centre Office

The property details will be displayed at our city centre office.

/ Viewings

To enable prospective purchasers ample opportunity to view the property, we will arrange 2 viewings per week during the marketing period. The viewings are accompanied by a member of the team enabling us to meet clients and showcase your property.

/ Reserve Price

All properties are sold with a reserve price, which is the minimum price that the property can be sold for. The reserve price is agreed 2-3 days prior to the auction and is based on the interest received for the property. The reserve price is confidential between the seller and the auctioneer and is not disclosed.

/ Auction Day

On the fall of the gavel there is a binding contract with the purchaser, completion is normally 28 thereafter. A deposit of 10% of the purchase price is paid to “Shonki Brothers Ltd” together with a buyer’s premium.

/ Interest

All enquiries, viewings, legal downloads and offers are logged, this enables us to provide you with thorough insight into the level of interest received for your property at any given time during the marketing period.

Why Choose Kal Sangra to Sell your property at Auction

90% Success Rate

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Think out loud.

We have a successful record in selling - 90% plus average success rate.

Regular Auctions

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Assume nothing.

We hold regular auction sales per year which means there will be a perfect auction date for you.

Extensive Marketing

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Fix and revise.

Our auctions provide extensive marketing with local and national coverage.

Regulated

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Breathe deeply.

We are members of the Royal Institution of Chartered Surveyors and the National Association of Valuers and Auctioneers (NAVA) and are regulated by the Property Ombudsman.

Enthusiastic

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Breathe deeply.

We offer a fresh and enthusiastic approach.

Experience

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The audience.

We have an experienced and friendly team who will assist you every step of the way.

Independent

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Ask questions.

We are one of Leicester’s best known independent Auctioneers, conducting auctions for over 30 years in Leicester.

Local Knowledge

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Draw and dream.

Local knowledge derived over a combined 100 years plus experience enables us to provide sound advice.

And Finally

The Kal Sangra – Shonki Brothers team have a commitment to providing you with:


  • A quality personal service
  • Exceptional levels of advice and customer care. Expert guidance, every step of the way.
  • A free, without obligation, valuation on your property.

“We have the best interests of our clients at heart. Property is usually our most valuable asset and that is exactly how we treat it. It is literally all hands-on deck to sell at maximum value” Kal Sangra.

Book Your Valuation Now