About Brookvale Auctions

Our online auctions offer a fast, transparent and secure way to buy and sell property. With strong marketing exposure, competitive bidding and fixed timescales, we deliver maximum value and complete certainty. All auction fees are paid by the buyer, ensuring sellers achieve the best possible result at no cost.

What is the Modern Method of Auction?

The Modern Method of Auction is a flexible auction process that allows buyers more time to complete, while giving sellers greater certainty than a traditional private treaty sale.

The seller does not pay this fee with the exception of a legal pack and their own legal fee’s.

Who pays the auction fee?

The buyer pays a non-refundable reservation fee to Brookvale when the auction ends.

The seller does not pay this fee with the exception of a legal pack and their own legal fee’s.

Is the reservation fee refundable?

No. If the buyer withdraws or fails to complete within the agreed timescale, the reservation fee is non-refundable.

What happens if the buyer pulls out?

If the buyer fails to proceed, they lose their reservation fee. This significantly reduces the risk of fall-throughs for sellers.

What types of property are suitable?

The Modern Method of Auction is ideal for:
Properties needing refurbishment
Investment properties
Leasehold or complex titles
Sellers wanting a fixed end date without immediate exchange

Why sell by auction with Brookvale?

Brookvale combines strong marketing, clear fee structures, and experienced guidance to deliver committed buyers and reliable sales outcomes.

How do you work with Estate agents?

They will act in the usual why of a private treaty listing on their preferred platform (Rightmove etc). The opportunity will then be duplicated on the Brookvale site, EiG and in some instances, Loopnet. This way the opportunity gets maximum exposure to include investors, landlords etc.

What if it doesn’t sell within the time scale set?

In the rare cases that we don’t achieve a sale within the set time, it will automatically be extended by a further set amount of days (Usually 4 days) and we will look at any offers that have been made to discuss to see if they are open to increasing. If, after a minimum of 3 time extensions, we still don’t achieve a satisfactory bid, you are free to discontinue without penalty.

Is there a good day for the auction to end?

We have found that the best days are usually Thursday or Friday midday. This usually allows time for the solicitors and ourselves to collect reservation fees and issue reservation forms before the weekend.

How long does the process take?

Once the auction ends, the buyer usually has up to 56 days to exchange contracts and complete the purchase.

Is the reservation fee part of the purchase price?

No. The reservation fee is paid in addition to the agreed purchase price.

Can buyers use a mortgage?

Yes. The Modern Method of Auction is suitable for both cash buyers and mortgage buyers, as the extended timescale allows time to arrange finance.

Is this better than a traditional auction?

For many properties, yes. Unlike a traditional auction, buyers are not required to exchange contracts immediately, making the process more accessible and flexible.

Can I still accept offers before the auction end date?

Yes

Who pays the legal costs?

The seller is responsible for getting a legal pack and paying their own legal fees and the buyer covers any legal costs their side.

Can you sell commercial and development opportunities via auction?

Yes the principle is the same as with residential opportunities.

How long will you set the countdown timer for?

Like everything with Brookvale, we can make it bespoke to the opportunity, we usually recommend a minimum of 14 days to a maximum of 30 days

Are you UK wide?

Yes we partner with agents across the UK.