MyLondonHome Auctions is a modern online bidding platform, that facilitates a quick, transparent and smooth sale between motivated buyers and sellers.
Have complete control of your next move by selling your property in a time-frame that suits you. The trusted and transparent process, available for 0% commission, provides exposure to chain-free, pre-qualified buyers and guarantees an exchange of contracts within 40 days of your expectations being met. Whilst our innovative, online platform is designed to drive the best market price for your property, you will receive expert guidance and consistent support from a single point of contact throughout your journey with MyLondonHome.
Have confidence that when you’ve found the perfect property, you’ll be able to make an offer through a safe, online platform that allows a guaranteed, chain-free exchange of contracts within 40 days. With greater transparency in the bidding process, you’ll have a trusted view of all the competing offers, in real-time, and once the reservation fee has been paid, there’s no chance of being gazumped.
How does MyLondonHome Auctions work?
Sales on MyLondonHome Auctions are played out via an online bidding platform on our website, the likes of which are becoming very popular across the country. Vendors are able to select the date and time their bidding will end, giving them complete control over a process that up until now has had very little control.
There is also the added benefit that there is no selling fee to the vendor, with up-front costs starting at just £310 inclusive of VAT to cover the cost of a legal pack. The subtle difference is that the winning bidder at the deadline pays for the right to purchase that property for a 40-day period at the price agreed at the time. This is done using a binding Reservation Agreement.
This opens up the modern chain free method of buying property to buyers who require mortgages as well as those who are cash buyers. This has proved extremely popular across the country. The average price achieved has been in excess of 20% above the initial guide price! It is a great visual method for selling a home and the vendor can see the bidding and the excitement of exceeding the guide price from the comfort of their own home, whilst at work or on a train - anywhere in fact!
Vendors will benefit from one to one support from one of our experienced brokers on every step of the process.