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The following tables of comparison highlight the advantages of our auction service over the other main way of selling property in the UK.
AuctionYourProperty.com's Auction Service v Using an Estate Agent (Private Treaty)
| AuctionYourProperty.com |
Estate Agent |
| The price could easily exceed the seller's expectations. It is an open market with no fixed price being offered. |
With private treaty, the price is set in advance and therefore the true value may not be achieved. |
| Auctions generate much more interest, exposure and most importantly a sense of urgency amongst potential buyers because the date of the auction is the day of the sale. Therefore sales are much quicker. |
There are no time constraints so the sale will almost certainly take longer than necessary to go through. Either party can delay the proceedings. |
| Once the auction is complete the bidder is far less likely to pull out of the sale as the buyer will have put down a 1% non-refundable holding deposit. |
Buyers frequently retract offers and pull out of sales, often causing a lot of distress and expense to the seller. |
| Auctions target a far bigger audience as the marketing is generally nationwide. |
Estate agents tend to just advertise locally, therefore there are fewer people who know that your property is for sale. |
| Buyers and sellers have full control and can discuss issues between themselves. |
Buyers and sellers are kept apart. The estate agent has full control and all discussions have to go through them often wasting a lot of time as messages are passed back and forth. |
| We do not charge any commission. Our auction service is completely free. We just charge a listing fee of £49 + VAT. |
Fees usually range from 2% up to 3% + VAT. |
The Difference in Fees
| Your Property Sale Price |
Estate Agent's Commission (2%) |
VAT at 17.5% |
Total Fee to Estate Agent |
Total Fee to AYP (inc. VAT) |
Saving |
| £100,000 |
£2,000 |
£350 |
£2,350 |
£57.58 |
£2,292,42 |
| £300,000 |
£6,000 |
£1,050 |
£7,050 |
£57.58 |
£6,992.42 |
| £500,000 |
£10,000 |
£1,750 |
£11,750 |
£57.58 |
£11,692.42 |
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