PS Development Services

Selling property, land or development sites has long been a popular way to achieve much more certainty compared to what’s possible via a private treaty sale.

The principal reason is security.  Once the auction hammer falls, there’s very little chance of the sale collapsing and buyers stand to lose significant sums of money if they do not to proceed.  The sale, therefore, is practically guaranteed.  We regularly also see great prices, arguably higher than what would be the case with a standard open market sale.

Another reason is speed.  Our own auctions for example, at the fall of the hammer, provide a 28 to 56-day completion time period.  Whilst not as quick as our we buy any property service (7-day completions), the sale can be concluded much quicker than through a commercial estate agency.

Our auction team is exceptionally quick at listing properties.  Once we receive your instructions, we can typically turn around professional property listings within days. 

However, many clients prefer to wait until the legal pack is ready prior to listing (which can take a few weeks).  Others have this documentation already prepared.

Either way, we generally recommend a 3-week minimum marketing period.  We will be completely at hand to deal with buyer enquiries, have a 24/7 freephone number and accompany bidders throughout the whole process.  

Note that we often receive pre-auction offers which we always present to you.  You are under no obligation to accept any price at this stage. 

If we’re seeing the offers coming in at around the reserve price, our typical recommendation is to let potential buyers competitively bid to ensure you get the very best price.

One of the principal risks is that the property does not sell.  However, our auction team is highly experienced and will recommend guide and reserve prices that have the best chance of achieving optimum success.

For us, it makes little sense to overpricea property (to win business, for example) as both us as a company and you the client will almost certainly end up disappointed.

Property Solvers Online Auctions charge 1.5% + VAT of the sale price (with a minimum of £2,000 + VAT), due on completion.  Therefore, in the unlikely event that we do not achieve a successful sale at auction, you will not need to pay.

Please note that there is also a set-up fee of £499 + VAT which will need to be paid prior to us initiating the marketing process.  However, should you wish to pay the set-up costs upon completion (alongside the sales fee), the charge will increase to £699 + VAT.

It’s something that we would not rule out.

Much will depend on the sale specifics and how the joint venture collaboration would work in practical and legal terms.   

Please feel free to get in touch with us via our online form, emailing info@psdevelopers.co.uk or calling us on freephone 0800 044 3810 (lines are open 24/7).

The chances of achieving a successful sale at auction are notably higher than selling through a commercial estate agency / brokerage. 

It essentially comes down to accurately pricing your property, which we are experts in doing.

Running our own agency we often see that, once the sale is agreed, sellers are at mercy to the buyer’s whims and the risks of some kind of fall-out happening increase dramatically.  Indeed, it’s an industry fact that 1 in 3 property sales falls through.  This is often due to a lack of transparency when the sale is agreed upon.

Through auction, the aim is to create a competitive bidding environment through strategic pricing.  Once a successful bid has been made, buyers effectively become financially committed to the sale.

These and other factors mean that silly buyer games and delays that often happen with estate agency sales are avoided.

You can rest assured that your property will be marketed on the leading portals – including Rightmove, Zoopla, EG’s Property Link and many more (see where we advertise).

Working in the industry for almost 2 decades, we’re well connected with the UK’s property investment community (check out our popular investor’s blog).  We also have a good-sized LinkedIn company page and manage LinkedIn’s largest property investor / developer’s group.

Furthermore, as part of the service, we’ll produce a high-quality brochure that will be distributed amongst active buyers alongside our various other social media channels.

Yes, it would be. 

Much would depend on your own expectations in terms of how quickly you want to sell and whether you are willing to bear with some of the inconveniences that come with an auction sale.

With auction sales, for example, there will be multiple viewings / open days.  Many sellers we speak to prefer for the property not to be in the public domain.

Yes, this is entirely possible.

Our job here is to push the price as high as we can – however, we cannot guarantee that it will go beyond the guide.

Much will depend on how accurately it is priced and the level of demand. We are certain that, if you follow our guidance, we will get you an excellent result that will leave you with a smile on your face!

Absolutely! Provided you are not tied into a contract, we would be happy to relist your property for auction.

Time and time again, we see estate agencies overvaluing properties to win business. We’ll provide our honest, professional opinion and advise on the best route to take in order for you to sell with the outcome you desire.

Also known as gazundering, the practice of dropping the price after the virtual hammer has fallen is not possible.

Even with the longer time period between exchange and completion, the sale price cannot be altered under any circumstances.

In the very rare instances where this happens, it should be noted that once the virtual hammer falls, contracts are exchanged and the buyer usually pays a deposit of 10%.

If he/she was to then pull out, there is a serious risk of losing this deposit. There will also be legal abortive fees, penalties and we will not refund the 2% deposit paid.