Sell Your Property with Northwood Auctions
Northwood’s Auction Solution combines nationwide exposure, competitive bidding, and a transparent sales process to help sellers achieve maximum value while benefiting from 0% Sales Fees.
Whether you’re selling a family home, apartment, investment property, or commercial premises, our experienced auction specialists are here to guide you every step of the way.
Key Benefits
- 0% Sales Fees
- Secure and committed buyers
- Fast completion times
- Nationwide marketing exposure
- Complete transparency throughout the sale
Auction Guide: Download
Why Choose Property Auction?
Traditional property sales can often involve:
- Lengthy sales processes
- Buyers withdrawing before exchange
- Uncertain completion dates
- Price renegotiations
- High risk of sales falling through
Northwood’s Auction Solution removes these challenges by providing a secure, transparent, and efficient sales process that delivers confidence and certainty.
Our dedicated Auction Department has nearly 30 years of experience and attracts over 6.5 million page views per year through our online bidding platform and property portal network.
Why Sellers Choose Northwood Auctions
- Sell your property without paying estate agency sales fees. Our fees are collected from the buyer, allowing us to market your property at no cost to you.
- You remain in control. Your property will never sell below your agreed Reserve Price unless you expressly authorise it.
- Once an offer is accepted, buyers pay non-refundable fees, making them financially committed to completing the purchase.
- Every bid is visible through our online auction platform, creating genuine competition and helping achieve the best possible price.
- Choose a completion period that suits your needs, typically within 28 or 56 days.
How Does the Auction Process Work?
- Speak to us about our 0% Sales Fee option.
- Agree on the minimum sale price you are seeking to achieve.
- Legal packs are available at no cost to you.
- We will promote your property on all leading Property Portals and our Bidding Platform.
- Watch the bids come in, and only you decide if you want to close the process early.
- The buyer is obligated to pay non-refundable fees to secure your property.
- Contracts exchange and together we set a completion date suited to your requirements.
How Does a Property Auction Work?
We will enter your property into a unique auction cycle with a fixed end date. Together, we agree on an attractive Starting Bid to market your property and an undisclosed Reserve Price. Once agreed, marketing of your property begins immediately via our Online Bidding Platform and all leading property portals.
Starting Bid
This price is set lower than your reserve price to generate as much interest as possible.
Reserve Price
A minimum price you are seeking to achieve. Your property is not sold for anything less than this amount – unless under your express permission. Only you and the Auction Department are aware of what the Reserve Price is.
Auction Date
Your property will sell for the highest bid at auction end, but only if the offer meets or exceeds your pre-agreed Reserve Price.
Viewings
We encourage interested parties to view the Video Tour of your property in the first instance, where possible, to maximise the number of potential viewers to your property. We’ll only arrange a physical viewing for proceedable buyers, to eliminate time-wasting.
Legal Pack
Our legal team partners will produce a legal pack at no upfront cost allowing buyers to carry out their due care and diligence before placing an offer. The legal pack allows all parties to facilitate an exchange of contracts as soon as there is an acceptable offer.
Commercial Property
There are more variables to consider when selling a commercial property, whether a business is currently operating from the premises, or not. Our expert team are there to guide you through the process, from preparation to completion. As members of RICS (Royal Institution of Chartered Surveyors), we have a qualified team dedicated to overseeing the sale of your commercial property is as hassle-free as possible.
Myths & Truths of Auction
Myth. Auction is only for experienced, cash-rich investors.
Truth. Everyone can buy at Auction, including mortgage and first-time buyers.
Myth. Auction is only for low end, rundown properties and desperate sellers.
Truth. Any type of property is suitable for Auction. We’ve successfully sold properties all over the UK, including detached family homes and stylish loft-style apartments.
Myth. There are large commission fees to pay.
Truth. We will sell your property with 0% sales fee. As we collect fees from the buyer, we can give you the full auction advertising and marketing without any cost to you.
Myth. I have to accept the highest bid on my property, which may not be the price I was hoping to achieve.
Truth. The Reserve Price you set ensures the property never sells for less than you expect. We advertise your property with an attractive starting bid, leading to more viewings and interest; this equates to more offers and ensures you achieve the best possible price in the current market.
Myth. Too fast.
Truth. You can decide whether you would like the sale to complete within 28 or 56 days, but this can be tailored to your requirements if needed.
Why Buyers and Sellers Trust Northwood
Our Auction Platform Performance
- Over £4.1 Billion of property value exchanged
- More than 38,000 properties sold
- Over 6.5 Million annual page views
- Less than 1% of auction sales fall through
Compared to approximately 30% of private treaty sales in the UK, auction sales offer significantly greater certainty.
Customer Success Stories
S. Ferguson
“Tried other so-called property cash buyers looking for a quick sale with disappointing results. Switched over and sold my house in less than three weeks. They kept me informed every step of the way and achieved a much better price than I had previously been offered.”
M. Stolborg
“We were delighted with the service provided and would highly recommend them. The team were professional, helpful, and kept us fully informed throughout the process.”