At Auction House London, we have experience and knowledge in a wide range of property sale types including private treaty property sales. If you are looking to purchase your next property without participating in an auction, a private treaty sale is a great option for you.
A private treaty sale is another way you can buy a property, as opposed to participating in a property auction. Buying by private treaty is the most common way to buy a property in the UK. This method of selling real estate is where a property is listed for sale at a specific price or within a certain price range and buyers can negotiate directly with the agent to purchase the property. Unlike auctions, where the process is public and time-bound, a private treaty sale is a private negotiation and often allows more flexibility in terms of timing and terms giving you more time to prepare for the purchase.
Buying a property through the private treaty method offers you, as the buyer, greater flexibility and control in the purchasing process. Unlike auctions, where decisions must be made quickly, private treaty sales allow buyers the time to carefully consider their options. They can schedule inspections, consult with advisors, and arrange financing without the pressure of an upcoming auction date.
Another benefit is the ability to negotiate terms and conditions directly with the agent. You can propose offers that reflect your own valuation of the property and include specific conditions, such as building inspections to suit your circumstances. This personalised approach often leads to mutually beneficial agreements and can make the purchasing process more accommodating for both yourself and the seller.
Private treaty sales also can be less intimidating for first-time buyers or those unfamiliar with real estate transactions. The absence of a competitive auction atmosphere reduces stress and allows you to focus on finding a property that meets your needs and budget.
When it comes to what properties are available to buy, Auction House London only offers certain properties via private treaty sale. Generally, when sellers begin discussing the sale requirements for their property they may opt to request a private treaty sale instead of listing their property in an auction. We will accommodate these requests where possible, therefore we do sometimes offer private treaty sales when this has been requested by the seller. The property listing will also display all relevant marketing documents as our auction properties. Browse our range of properties for sale by private treaty sales today through our website.
The end-to-end process is similar to that of a normal estate agency sale. Once an offer is accepted and a deposit has been transferred from the buyer, contracts will be exchanged and a completion date will be agreed between the seller and buyer.
These types of property sales can take between 6 to 12 weeks to complete. One reason why buyers may prefer to purchase a property via private treaty sale is that this timing allows buyers to seriously consider their investment and organise surveys or searches on the property before purchasing unlike during auctions where time is more limited.
Selling a property through a private treaty sale offers significant flexibility to sellers. These sales take longer than property auctions, which allows sellers to take their time in choosing from multiple offers, even being given the ability to negotiate terms that best suit their financial and personal needs. Private treaty sales can also attract a broader range of potential buyers, as they have more time to arrange financing and consider their decision, potentially leading to higher offers.
Choosing to sell your property with Auction House London will give you direct access to our extensive database of buyers that estate agents would not be guaranteed to offer you. Our database of buyers has been developed over a number of years and includes buyers who are exclusively looking to purchase through private treaty sales.
