Becoming a partner with SDL Property Auctions allows you to have an outsourced auctions department to help boost your sales and identify properties that would sell best at auction. Of course, this comes with questions that need to be aBecoming a partner with SDL Property Auctions allows you to have an outsourced auctions department to help boost your sales and identify properties that would sell best at auction. Of course, this comes with questions that need to be answered before you can make a decision on whether this is the right approach for your business. Here, we’ve compiled a list of the most frequently asked questions from partners to help you make an informed decision. If your question hasn’t been listed below, you can contact a member of our team by emailing us at enquiries@sdlauctions.co.uk, or calling 0800 046 5454.
Auction partner FAQs
What are the benefits for estate agents partnering with an auctioneer?
Often the first question asked, our partners of course need to know what benefits there are when partnering with us. The good news is, there is plenty of incentive to join us and sell your properties through our auction services.
As a partner, you’ll have access to all the support and resources needed to offer auction services to clients without doing so in-house. As such, you’ll have no set-up costs and have an additional selling platform within just minutes. This can lead to additional revenue that requires less investment from internal teams. You’ll also benefit from a referral income of 1.5%-2% per sale, with no cap on how much you can sell and earn. Due to the nature of auction, this will also happen at a faster pace and our agents will get paid within seven days of the sale being agreed.
Other benefits include:
- Increased turnover with lower workloads – our team takes care of everything so you can see a higher turnover of sales without additional overtime from agents.
- Reduced fall-throughs – the binding nature of auction bids means that sales rarely ever collapse. Gazumping and drop-outs are eliminated meaning the selling process is shorter.
- Personal rewards and internal training – we provide internal training and development to support the growth of your team. We also provide personal rewards for the referring agent, having gifted everything from hampers to holidays to show our appreciation for the partnership.
- Attracting sellers and buyers – our auctions attract a wide range of both sellers and buyers, and this diverse pool makes for an attractive benefit as interest in the properties is increased too.
How much commission do partners get?
Our partners get a minimum of £2,500 or 1.5%-2% per sale, with no cap on how many sales can be made. Additionally, partner estate agents also get personal rewards on us, such as hampers and holidays, so there is even more incentive to sell with us.
Which properties should be listed as auction lots?
Auctions are our speciality and we’ll never push you into an auction sale if we don’t think a property should be sold using this method. As such, becoming a partner doesn’t mean you have to favour the auction route and neglect your usual agency sales, rather it’s important to see us as an additional option to enhance your operations and filter out properties that you don’t see selling well on the open market.
As part of our POW_R partnership service, you also gain access to guidance and advice from our experienced team who can provide advice and support when it comes to deciding how and whether to sell a property by auction. If you have a long list, we can also help to identify properties which we think are likely to sell well in an auction setting so that you can make a more informed decision.
What is POW_R?
POW_R is a tool exclusive to SDL Property Auctions which enables our partners to access support to help them power up their auction sales. POW_R has many benefits, but in the most simple terms it allows you to create an auction business plan, access industry leading expertise, automatically identify properties from your stock that are best suited for auction and track the progress of your sale from referral to completion. Learn more about what POW_R can do on our dedicated advice page.
How does becoming a partner estate agent work?
It’s very simple to become a partner with us, all you need to do is fill in the form on our main Partners page with your details and a member of our team will be in touch with you soon. You’ll be able to expand your agency offerings, and have access to a wide range of benefits almost instantly. Even better, it’s free to join us and all you need to do is wait while we communicate with the seller, advertise and auction the listing, and we’ll transfer your referral fee to you soon after.
Why Partner with SDL Property Auctions?
Aside from the breadth of benefits you’d receive from partnering with us, you’ll also have access to industry leading advice and a network of professionals that can help you get the most of your partnership. So, if you’re ready to outsource an auctions department, increase profits and bring more services to your clients, you can fill in our partner contact form. Alternatively, if you’d like to learn more about the POW_R partnering service, call us on 0800 046 5454, or send us an email at enquiries@sdlauctions.co.uk.