A three bed terraced house in Everton, Liverpool, is on the market for just £45,000, however, the listing for the property reveals there is a catch. The home is being sold via a certain method, explained in the listing. Buyers will also not be able to move straight in, as there are tentats living there now, but they do not need a mortgage before they secure the property. What is the Modern Method of Auction being used to sell this property? Property website EasyProperty.com explains this is a more buyer-friendly option. Related articles Property for sale? How long homes take to sell in your postcode Selling a house? Property selling tips which may add £65,000 to value Property for sale: Liverpool three bedroom house for just £45,000 Buyers must pay a fee to reserve the property, but the system makes it easier for buyers who need a mortgage to purchase the property, as the sale in completed over a longer period of time. Therefore they can secure the mortgage they need after putting down the sum of money to reserve the property. The property for sale well is well below the value of the average house in the area, which Zoopla estimates to be £82,555. An end of terrace property, the home boasts two reception rooms, and is being sold by Reeds Rains Liverpool. The current tenants are on a rolling contract, so this property could be a coup for a buy-to-let landlord. It reads: “This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. “The Modern Method of Auction is a flexible buyer friendly method of purchase. “We do not require the purchaser to exchange contracts immediately, however from the date the Draft Contract is received by the buyers solicitor, the buyer is given 56 days in which to complete the transaction, with the aim being to exchange contracts within the first 28 days. “Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance.” A hopeful buyer will need to make a non-refundable payment of 4.2 per cent of the final purchase price including VAT. While £45,000 is a guide price, the home could go for more - or less. However, there is a minimum of £6,000 including VAT. This secures the transaction and takes the property off the market. Property for sale: Liverpool three bedroom house for just £45,000 (Image: REEDS RAINS) Property for sale: A three bed terraced house in Everton for just £45,000 (Image: GETTY) Is your property for sale? You could add £65,000 and an expert explained how. According to a study by the online services marketplace Bark, cluttered bedrooms could knock off up to £10,000 of a home’s value. A property for sale in Yorkshire has been listed for just £50,000, despite having four bedrooms. The sellers of a house just half a mile away are looking for offers in excess of £180,000, while a dwelling located slightly further away has been valued at £250,000. With modern decor and four bedrooms, £50,000 may seem surprisingly cheap for this new build. Related articles Property for sale: Homes selling here faster than anywhere else House prices flatline in February as property market remains stable Property for sale: The property will be sold via the “modern method of auction” (Image: REEDS RAINS) Great Britain's Buy-to-Let hotspotsTue, November 14, 2017 Buy-to-Let property: Totally Money reveals the top 10 yielding postcodes in Great Britain. Getty•Totally Money 1 of 12 Great Britain's Buy-to-Let hotspots Experts have warned house prices flatlined in February. They claimed that a fall of 0.1 per cent mont of month is a result of Brexit. London and the South East is where the property market is at its weakest. This may be unsurprising for some, as prices in these areas have risen far above what most first time buyers can accord in Britrain. However, there is still a lot of demand for property in the Midlands, North, Wales and Scotland.All rights reserved for this news site express.co.uk and under his responsibility