No other auction provider in the UK & Ireland offers such a complete and comprehensive range of property auction services for estate agents to offer to their buyers and sellers. Together, we hold both live and online auction events nationwide, working in partnership with over 1100 estate agent branches, providing local knowledge and expertise.
The Traditional Method of Auction
This is a tried and tested method associated mainly with selling and buying investment stock due to more restrictive timeframes to exchange contracts and complete the sale. This limits buyers and the interest and activity around residential properties.
The Modern Method of Auction
This more accessible route, creates a transparent platform for buyers and sellers combining the best aspects of traditional auction and private treaty sales. We offer more realistic yet fixed timescales, opening up the market place for buyers and sellers looking to arrange mortgages as their method of payment. The exchange of contracts has 28 days to take place from the solicitors receipt of draft contracts, whereas with traditional auctions, the exchange of contracts will usually take place as soon as the buyer has won the bid.
The Modern Method of Auction opens the auction market (once reserved for the professional investor or cash-ready buyer) up to residential buyers, creating a larger market place and more interest and activity than traditional auction. It is the preferred route for buying and selling via auction and has changed the perception of auction in the last decade.
Our place is in Sunderland. Peter Heron estate agent has been established here since the early 60's and as the business has grown, we have seen the area develop and change into the diverse place that it is today.
As trends move, economies rise and fall and needs change, our commitment to the area and the people who live here stays the same so we have an insight and knowledge of the local landscape to ensure we can stay ahead of the ever changing property market.
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