Why Auction Your Home With Petty Real?
A Speedy Sale
The Modern Method of Auction (MMoA) takes just 56-days** from receipt of draft contracts. Alternatively, a Traditional Auction completes in just 28-days, giving you a faster route to sale
Secure Transactions
Once the sale is agreed, the buyer pays a non-refundable Reservation Fee, providing peace of mind that they are fully committed, and reducing the risk of renegotiation or fall-throughs
Competitive Offers
Transparent bidding lets buyers see each other’s bids, encouraging competitive offers that can help boost your final sale price
No Selling Fee
With auction, selling fees are typically paid by the buyer, making it a lower-cost alternative to Private Treaty (or “open market”).
Our results speak for themselves
Petty Real are one of North Wests leading property auction specialists based in Burnley and Pendle. Our team are proud of their 95% completion rate and the speed of completion.
Auction Sales
0
Value of property sold in 2024/25
+£0.7m
Completion Rate
0%
Days To Completion
0
Find out more about the Auction Process
We’re here for you and we’ll help in any way we can.
Selling by auction
Step 1Book a valuation
Make an appointment for our professional valuer to inspect your property. Our property specialists can help you decide whether your property should be sold at auction or via our traditional methods to maximise the value of your property.
Step 2Preparing for auction
One of Petty Reals valuation team will visit the property and work with you to prepare your properties brochure. This will include photographs, floor and site plans and an EPC.
Step 3Property Marketing
Once the auction date is set a marketing period of approximately 4 weeks will be undertaken, quoting your agreed guide price. The Petty Real sales team in Burnley and Pendle will ensure your property gains maximum exposure across the portal portals.
Step 4Legal pack
Petty Real work closely with Medway Law who will prepare your auction pack, including all the legal conveyancing documentation to ensure speed of sale. Your legal pack will be available for prospective buyers to read leading up to the auction date. If you have any questions, don’t hesitate to contact the Petty Real auction specialists.
Step 5The Auction
Now the excitement starts on selling your property. Buyers can place bids from the moment your property hits the market, our clients have often experienced bidding up until the last minute on their properties, and in some cases surpassing their expected value.
All of the benefits
All of the benefits of a traditional auction but with the potential to market the property to a wider audience. Some of our online auction options have no fees at all for the seller, offering a fast and free service without ever having to leave your sofa.
The buyer pays a Reservation Fee, so you pay no commission or auction fee. The buyer will consider this as part of their total budget for the property.