A free 15-minute call with Mike can save you £10,000 to £80,000. Nearly 40 years in property. No upfront fees. No obligation.
In the last few years a huge number of cash-buying firms have appeared, targeting homeowners who need to sell fast. Social media has made it easy: they advertise on Facebook and Instagram to people under pressure, present themselves as helpful and trustworthy, and suggest they'll pay close to market value.
In practice their profit depends on the gap between what they pay you and what your home is actually worth, so their offers are always well short of full value. Over 90% of sellers we have spoken with find the price is then cut again late in the process, when they're already emotionally and financially committed. Many of these homes are then resold for considerably more.
If your home is worth £200,000 with a 60% mortgage, that's £80,000 of your money. A cash buyer can take £40,000 to £50,000 of it.
£73,000 more than the cash buyer's final offer. 61% more money, in a matter of weeks.
Two numbers, twenty seconds. See how much of your equity a typical cash offer keeps.
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Illustrative only, based on typical cash-buyer offers of 70 to 80% of market value. Your result depends on your property, location and market. Mike will give you a proper assessment on the call.
| Cash buyer | Auction, via Mike | Estate agent | |
|---|---|---|---|
| Price | Typically 70 to 80% of market value | Competitive bidding can reach, or beat, market value | Market value, if your buyer stays the course |
| Speed | Days to weeks | Typically 2 to 4 weeks to auction day | Often several months |
| Certainty | Offers are often cut late in the process | Binding when the hammer falls (or on exchange, for conditional auctions) | Buyers can pull out any time before exchange |
| Fees | "We cover your fees" is hidden in the price. It can equal 25% or more | Modest, and often deferred until after the sale | Modest commission |
| On your side | Nobody. Your loss is their profit | Mike, and a room full of competing bidders | Your agent, with one buyer at a time |
A recent client, then results from our auction partners.
A recent client was offered £140,000 by a cash-buying firm, which then dropped it to £120,000. We sold it at auction for £193,000.
Sold by one of our auction partners. Bidding went £286,000 past the reserve.
Sold by one of our auction partners, £20,000 above its previous asking price.
“I've been bidding at auctions, the most recent where my ceiling bid was £108k, and the property sold for £127,000. The higher price just eats all my profit, making these houses non-viable for me. It's been a similar story on so many lots recently.”
I've worked in property since 1988 and bought and sold at auction since 1993. I set up Property Auction Expertise because I was dismayed by the number of homeowners being targeted on social media to sell for far less than their homes are worth. This is my way of putting that right.
My service is built on honesty, transparency and a genuine commitment to getting you the best result. You should know exactly where my money comes from.
There are also referral opportunities for clients that can reduce your costs further. I'll explain how this works on our call.
Yes, it’s free, and there’s no obligation afterwards. Mike is paid referral fees by the auction houses he recommends when a property sells, so you never get a bill from him. If auction isn’t right for you, he’ll tell you.
Typically 2 to 4 weeks to auction day. At a traditional auction the sale is binding when the hammer falls. At a conditional auction it becomes binding on exchange, shortly afterwards. Completion follows within weeks.
We will carry out a free market appraisal for you, in partnership with the chosen auction partner, to make a recommendation. We are frequently selling at close to market value.
It is always the client’s decision what the reserve should be set at. We discuss the process at the outset. The price may be less than a slower sale via an estate agent might achieve, but in our experience not by a huge percentage. It does depend on the individual property.
No, it is definitely not too late unless you have exchanged contracts. Most of my clients have had cash offers previously, which have ended up being considerably less than what the best auction company would deliver price-wise.
It can happen, usually when the guide or reserve is set too high. Mike will talk through the options with you and the auction house, such as re-listing in a later sale or agreeing a sale with an interested bidder afterwards.
Free. No obligation. No pressure. If auction isn't right for you, Mike will tell you.
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