WELCOME HOMEChanging the perception of property auction
OUR PROPERTY AUCTION SERVICES
No other auction provider in the UK & Ireland offers such a complete and comprehensive range of property auction services for estate agents to offer to their buyers and sellers. Together, we hold both live and online auction events nationwide, working in partnership with over 1100 estate agent branches, providing local knowledge and expertise.
The Traditional Method of Auction
This is a tried and tested method associated mainly with selling and buying investment stock due to more restrictive timeframes to exchange contracts and complete the sale. This limits buyers and the interest and activity around residential properties.
The Modern Method of Auction
This more accessible route, creates a transparent platform for buyers and sellers combining the best aspects of traditional auction and private treaty sales. We offer more realistic yet fixed timescales, opening up the market place for buyers and sellers looking to arrange mortgages as their method of payment. The exchange of contracts has 28 days to take place from the solicitors receipt of draft contracts, whereas with traditional auctions, the exchange of contracts will usually take place as soon as the buyer has won the bid.
The Modern Method of Auction opens the auction market (once reserved for the professional investor or cash-ready buyer) up to residential buyers, creating a larger market place and more interest and activity than traditional auction. It is the preferred route for buying and selling via auction and has changed the perception of auction in the last decade.
*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 Modern Method of Auction, which is powered by IAM Sold.
This simple way to buy a house is a breath of fresh air. We could not recommend highly enough. 56 days start to finish!
Groves Residential opened the doors to its New Malden office in 2010 and in the following 8 years we believe we have built up a company that is highly respected and more importantly, highly trusted within New Malden and the surrounding areas.
Owned by two couples, David and Niki McGibbon and Dusan and Debbie Jaksic, we truly believe that we offer the best of a traditional family business combined with all the modern trappings of a twenty first century company. David and Niki have lived in New Malden for over twenty years and have raised their three children here; they have a first-hand knowledge of everything this wonderful area has to offer, from both schooling and housing to the community and beyond. Along with Dusan and Debbie, we have all been involved in the property industry for over thirty years and we believe we offer a wealth of experience unmatched by any other local agency.
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