Going, going, gone! Selling at Auction
Selling at auction is not just for distressed properties at cheap prices. On many occasions properties sell for well in excess of what they would achieve on the open market with a private treaty sale as auction fever sets in!
Why sell at auction?
Good prices achieved
Types of properties suitable for auction:
Land with or without planning
Why use The-Address Network Auctions?
Prestigious Mayfair Auction House
A trusted local company
NAVA and NAEA approved
The experience and local knowledge of The-Address combined with the wide coverage and auctioneering expertise of Network Auctions is undoubtedly a winning combination.
Network Auctions auctioneers Guy Charrison and Richard Worrall are highly respected practitioners and the huge databases of investors and other buyers that Network Auctions have at their disposal greatly increases the chances of a successful sale.
Toby Limbrick, Managing Director of Network Auctions added: â€œThe-Address are a fantastic addition to our network and their expertise and knowledge of the Beckenham and surrounding marketplace is a great asset to our ever growing rank of partner agents
Most people associate auction sales with run down, dilapidated properties. This is not always the case; some people choose auction as the method of sale for speed and certainty. The whole process can take as little as 7 weeks from start to completion!
With probate properties, whether run down or not, this can benefit the beneficiaries as they know that they will have the proceeds from the estate very quickly especially if it has been a long drawn out probate.
Properties are entered into the sale in the preceding weeks to allow maximum exposure and to be entered into the catalogue. Viewing times are allocated and prospective purchasers are allowed to view and assess the properties. This means that on the day of the auction they have researched the property and can bid on it with confidence.
Properties are listed with a reserve price which is set to be tempting to buyers but in most cases â€˜auction feverâ€™ on the day ensures the final price is far over and above this. Once the gavel has fallen the deal is done! Contracts are exchanged with a set time to complete.