iamsold is the pioneer of the modern method of auction and no other auction provider in the UK and Ireland offers estate agents such a complete and comprehensive range of property auction services.
Over 2,000 estate agent branches currently combine their local knowledge and property expertise with our award-winning auction service, allowing them to offer their sellers and buyers with both traditional and modern methods of auction.
A familiar auction method that usually takes place at a live auction event. It offers the buyer and seller speed and complete security as the buyer makes payment of a 10% deposit and exchange of contracts takes place straight away. Completion takes place 28 days later.
These more restrictive timeframes can limit interest to cash buyers and investors so its usually best suited to those that need a quick sale, are not in a chain, or have a property that wouldn’t be considered as suitable for mortgage lending.
The modern method of auction combines elements of private treaty and traditional auction, making it a more accessible auction method. These auctions usually take place online, creating a larger marketplace which helps gather more interest and activity.
This method offers the security of traditional auction as the buyer pays a non-refundable reservation fee and signs a reservation form, committing them to the purchase. Like traditional auction this method has fixed timescales, however these are 56 days to complete making this auction method accessible to mortgage and residential buyers as well as investors and cash buyers.
This method is often best suited to sellers that are looking for the speed and security of an auction with a larger buyer market.
*Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the starting bid, both the starting bid and reserve price can be subject to change. Terms and conditions apply to the auction, which is powered by IAM Sold.
At Banc we understand that buying a home is not just about bricks and mortar and that it is one of the biggest investments that you will ever make. We know there are various factors surrounding your move, whether it’s a new job, a new school, a retirement dream or a complete change of lifestyle. Moving house is not a casual journey and it can involve processes that are often unfamiliar, vague and at times may seem complicated and frustrating. As agents we aim to provide an environment which is comfortable, professional and efficient, this taking the stress and burden off of the shoulders of our clients.
With a combined 35 years experience in the local property market, we are confident that we can offer an unrivalled knowledge and an exceptional service in a bespoke and tailored fashion. The foundations of Banc are based on the simple fundamentals of hard work, enthusiasm, honesty and integrity.
Our office is positioned in the beautiful village of Cuffley in the heart of Hertfordshire. Our coverage includes Cuffley, Goffs Oak, Cheshunt, Northaw, Newgate St Village, Potters Bar, Little Heath, Crews Hill, Broxbourne and all other surrounding villages. Having a wealth of experience in these areas and beyond, we will make your home stand out from the crowd.