A Private Treaty sale is the most common method of residential property sales in the UK. However, it can often be an inefficient solution for vendors looking to complete their property sale quickly and securely.

A significant number of Estate Agents are now selling properties using the Modern Method of Auction (MMoA), which combines elements of Private Treaty and Traditional Auction.

MMoA provides an alternative to vendors and gives them the opportunity to sell their property in a transparent, secure and speedy manner. The fixed 56-day timescale and unique offering of MMoA opens the service to mortgage buyers, creating a larger and more competitive marketplace, which drives increased exposure and activity.

The increase in MMoA for buying and selling is changing the face of the industry. It allows Estate Agents to expand their service offering and boost their cash flow through fixed completion times and faster.

The Modern method of Auction ensures speed with 56-day completion timescales, compared to 100+ days for a Private Treaty sale, with committed buyers and fewer fall-throughs.

iamsold is part of the iamproperty group, offering end-to-end services to Estate Agents including auction, conveyancing, compliance and moving services all under one roof.