ZOE NAPIER GROUP LAUNCHES MOD­ERN PROP­ERTY AUC­TION

Essex Life - - ESSEX PROPERTY -

Zoe Napier Group, the Es­sex-based niche mar­ket spe­cial­ists, has just launched its fourth new brand, which is look­ing to change the per­cep­tion of sell­ing prop­er­ties by auc­tion.

The new ser­vice means that sell­ers are of­fered a 0% fee to sell their prop­erty in an in­di­vid­u­ally-tai­lored method of on­line auc­tion, where a re­serve price can be set.

Zoe Napier, di­rec­tor of the group, re­vealed that the ser­vice will be sim­i­lar to how a piece of fine art or a clas­sic car is sold by auc­tion, ex­cept it will be on­line and specif­i­cally tai­lored to the in­di­vid­ual prop­erty, and where bid­ders will see the trans­parency of all of­fers be­ing made on the prop­erty dur­ing the process.

Un­like the ex­ist­ing method of prop­erty auc­tions held at a venue, which tends to only at­tract cash buy­ers, this new ser­vice al­lows a far wider de­mo­graphic of buyer to bid, where up to 56 days post win­ning bid is of­fered to ex­change con­tracts and com­plete the trans­ac­tion.

This al­lows buy­ers ar­rang­ing fi­nance or bor­row­ing to also bid. The buyer will have an ar­range­ment fee to pay in ad­di­tion to their pur­chase, sim­i­larly to other costs such as Stamp Duty which are cal­cu­lated into their pur­chase con­sid­er­a­tions.

Full terms and con­di­tions plus de­tails about sell­ing your prop­erty at auc­tion can be found at mod­ern­prop­ertyauc­tion.com.

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