An online auction is a digital platform where your property is marketed to a wide audience and sold to the highest bidder within a set timeframe. Buyers register, agree to the auction terms, and place their bids online, creating a transparent and competitive environment.

Benefits of Selling via Online Auction:

• Faster Sales Cycle – Properties sell within a defined timeframe, reducing delays.

• Wider Reach – Online marketing exposes your property to a much larger pool of buyers, locally and internationally.

• Transparency – The process is open and easy to follow, giving both sellers and buyers confidence.

• Costs – The buyer pays for the commission due to the auctioneer.

• Expert Guidance – Our team of property specialists supports you throughout the process.

• Suitable for Any Situation – From voluntary sales to urgent disposals (liquidations, deceased estates, legal instructions).

An attractive Starting Bid increases interest and encourages competitive bidding between prospective buyers, which can help to drive up the final Selling Price of your property. Auction is for those sellers who are looking for the additional benefits of speed and security so pricing strategies are designed to help your property sell quickly.

However, you always have control with your undisclosed Reserve Price (the minimum amount you are prepared to sell for), and all final bids are subject to the owners approval.

Should a property not sell in the first auction cycle it is relisted for a second period. We can run as many auction cycles as it takes to successfully find a bidder. You can withdraw the property once the sole selling rights period has expired with no charge to yourself.

Most properties can be sold on auction. Common reasons include: securing true market value, benefiting from a faster sales cycle, reaching a wider pool of potential buyers through targeted marketing, executing forced sales (such as liquidations, deceased estates, or legal instructions), reducing costs, ensuring transparency with clear processes, and gaining access to expert guidance from GetmoBID.

Sell your residential, commercial, industrial property, farm, or vacant land.

Yes, there is a legal requirement for you to provide us with a signed sole mandate agreement in order for us to promote and sell your property.

This is the minimum price that you agree the property can be sold for. This figure is confidential and is not disclosed to interested parties, however as a guide the reserve is generally no more than 10% in excess of the Starting Bid. The ideal scenario is to generate enough interest to exceed the agreed Reserve Price, however, you must be comfortable should this be the highest achieved.

It’s important that negotiations are carried out by the Partner Agent and GetmoBID whilst you are under contract and there a number of reasons for this.

As the seller, if you accept an offer privately, you will become liable for the auction fees rather than the buyer due to the terms of the Auction Contract. Our sale methods are designed to provide commitment and security to both parties, and it is likely that you have chosen this method of sale for those specific reasons.

Our aim is to help you sell your property so we will work with any interested party if they are unsure about auction, so that we can try and agree a sale for you.

There is no cost to the seller. Marketing strategies are employed to promote the property in the target market. A detailed and tailored marketing campaign will be discussed with you, but all marketing costs are carried by GetmoBID.

Firstly the seller is protected under the conditions of sale where the property will not be sold if the reserve price is not met. This mitigates the seller's risk in the auction process. The final hammer price will however be presented to the seller for consideration in the event that the reserve is not met on auction day.

Our engagement process with sellers focuses on setting an appropriate reserve price during the evaluation and assessment stage, helping to ensure the required price is achieved at auction.

Registered buyers agree to the auction terms and conditions. Failure to comply places the buyer in breach of contract. If the breach is not remedied within the required timeframe, the seller may cancel the sale, pursue further action, and the buyer will forfeit the deposit paid after the auction.

The auctioneers' fee is paid by the buyer over and above the bid (Hammer) price. The seller is not responsible for any commission fees.

An Auction Pack, which is a collection of important documents and information about your property that a potential buyer needs when deciding if they wish to place a bid.

Our team of property experts is available to take your property to auction.get intouch with GetmoBID here.