You can sell your property from £49 with our basic package or upgrade to our Auction + package at £149 or our Auction Premium package for £399. Please see Selling at Auction for a breakdown of the services included.
Firstly you need to request a valuation, our team will then liaise with you to determine the guide price at which we will market your property in the auction and set a reserve price that you are happy to agree to, which will be the minimum price you would receive through the auction. Once you’ve agreed to your method of sale either the “bidding” or “Sell Now” process, you need to instruct your solicitor. The only difference with an auction sale and a traditional sale is that you work with your solicitor to create the legal pack prior to an offer being made rather than post-offer so the buyer can carry out their due diligence.
Yes, although you may be charged a withdrawal fee. We understand that you might have to withdraw your property, so we reserve the right to waive this fee in extenuating circumstances. Note: however if the auction period has ended and you receive a bid that is in excess of your reserve or you have received a “Sell Now” bid in excess of your reserve you will be legally obliged to complete the sale of the property.
Our team carries out an identity and anti-money laundering check on all buyers before they can place a bid or request a copy of the legal pack.
The Opal Auction process is secure with contracts exchanged or a reservation agreement made, upon the fall of the electronic hammer. This means that less than 1% of auction property sales fall through compared to 1 in 3 sales in the traditional route of selling a property. Once a property is sold, the buyer pays the non-refundable deposit to secure your property, so you can be sure they are committed to the sale.
Your property will be live in on our Auction website and marketed on all the major property portals and sent via property alerts on social media and sent to our global database of buyers.
Your property will be marketed for up to 28 days and the live bidding will start after this for a period of 5 days 24/7. We will send out a property alert on social media and to our buyer’s database prior to the property going live, buyer’s can then download the legal pack and place a bid through on the Opal Auction website once its live on the platform. The time remaining in a specific auction can be seen easily on your property details on the Opal Auction website.
If you are selling in the “bidding” process, when a buyer is successful, they are automatically charged a buyer's premium fee which is the auctioneers fee and is non-refundable . The buyer then will liaise with their conveyancing solicitor to exchange contracts within 28 days and upon exchange of contracts pay a 10% deposit to your conveyancing solicitor’s client account.
If you are selling via the “Sell Now” process, the buyer will pay an exclusivity reservation fee of 1% which will be transferred to your solicitor’s client account on exchange of contract, plus the buyer’s premium fee which is the auctioneers fee and is non-refundable unless there is a structural problem with the property, or there are building alterations without planning permission which haven’t been detailed in the Sale Particulars or Special Conditions of Sale.
You can feel secure in the knowledge that once the electronic hammer falls on the successful bid, the buyer is committed and can't pull out of the sale, you can also relax knowing that within 28 days you will exchange contracts and complete within a further 14 business days!
If you are a landlord looking to sell your property or portfolio we have investors in our database looking for buy to let properties, giving you an immediate sale!
Why not join our other property vendors and discover a 24/7 way to sell property. Register below for free valuation to get started.
Read our bidding process
Read our “Sell Now” process
We offer a free no-obligation valuation