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 Modern Method of Auction, which is powered by IAM Sold.
When Oliver Minton opened his first office in Stanstead Abbotts in October 1999, his vision was to be different from the town-based estate agents and specialise in the sale and letting of village & rural homes.
He had gained the love of promoting village homes after working for Black Horse Agencies in the Wheathampstead / Harpenden area for over 8 years, and after a period of time managing branches in Woodford Green & Ware, the opportunity came about in 1999 to return to his village-orientated roots and start up his own business in Stanstead Abbotts. Thus started the marketing philosophy to promote the village & rural homes in a more imaginative and comprehensive manner and provide an almost tourist-information style village property service.
Sixteen successful years later, with branches now in Stanstead Abbotts, Puckeridge & Roydon, Oliver Minton Village & Rural Homes is the only estate agency with offices in all three of these busy, commuter-orientated villages. The core area of coverage is from Broxbourne & Nazeing in the south, north to Royston, across to the western outskirts of Bishops Stortford and to the villages on the eastern fringes of Stevenage, although the use of digital and internet marketing allows us to market properties further afield as well.