There are many advantages to selling a probate property at auction. Some of which include:

• Transparency: The open competition of the auction room provides a transparency of sale not available through private treaty methods, ensuring that your property is sold to the person willing to pay the most on the day.
• Certainty: An auction contract is unconditional. Once the hammer falls in the room the buyer immediately puts down a 10% non-refundable deposit and contracts are exchanged.
• Competition: Probate properties often require renovation or improvements, making them highly sought-after items at auctions. With more than one person bidding on your property, the competitive environment has the potential to push up the final sale price of your property substantially.
• Time: Auctions facilitate a fast and efficient sales. When a property sells at auction, contracts are exchanged on the fall of the auctioneer's gavel and completion usually takes place just 20 working days later. 

At Savills, we understand the unique challenges of selling probate properties and are here to offer expert guidance through every step of the process when selling a probate property; from organising a professional probate valuation to putting together a robust marketing campaign, including sharing the online catalogue with thousands of registered buyers as well as featuring the property on the major property portals to showcase it to the widest possible market.

If you would like more information on how the auction process works or to enquire about entering your property into an auction, contact the Savills Auctions team.

Further information

View Savills upcoming auction dates

Contact the Savills Auctions teams for more information and guidance or visit the Savills Auctions website.

Learn more in our guide on selling probate property at auction