Vendor FAQ
Your property will continue to be marketed on all the major portals. We will also market your property on our website and with our network of buyers, which includes overseas buyers, investors and cash buyers.
Identity checks are carried out on all bidders before they place a bid. This process involves buyers providing passport and/or driving licence details, which are checked against a variety of sources, including the electoral register and credit check providers. Additionally, before placing a bid, all bidders must also input details of their solicitor and valid card payment details.
You can sell your property at auction to a variety of buyers, including owners occupiers, professional investors and small builders. Your property will be available to a large selection of bidders.
Listing your property with Rocket Auctions is free! The costs that need to be considered are any fees with your agent and the creation of the legal pack. Some legal fees can be reclaimed upon completion from the buyer.
With RocketAuctions, you have a choice of selling online by two different methods: In a Traditional online auction, exchange occurs online, immediately when the timer reaches zero (assuming your reserve price is met or exceeded). The successful buyer is legally obliged to complete the sale of the property. Properties that are available for sale by this method are marked as “Traditional”.
In a Conditional online auction, the buyer pays a non-refundable buyer fee and agrees to exchange contracts within 20 working days from the day of winning the auction. This gives the buyer the chance to raise finance, which is likely to encourage additional buyers to be interested in your property. Properties that are available for sale by this method are marked as “Conditional”.
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 that if the auction period has ended and you receive a bid that is in excess of your reserve, you will be legally obliged to complete the sale of the property if you chose the traditional auction method.
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