Selling property at an Auction can be a very effective and efficient way to achieve the best price through competitive bidding. It is also a transparent and fair way to sell and extends a fair opportunity to all perspective buyers to bid for the property encouraging competition and instant decision making often driving a higher sale price.
Completion times are much shorter, normally 21 or 28 days for traditional auctions and therefore the process can be faster than a normal private sale. Potential buyers tend to be investors or developers and often have a mortgage in place or cash funds available.
Public auction is a highly efficient, swift and transparent method of sale that is especially suitable for the types of property that are:
Difficult to mortgage or in mortgage arrears
Have structural issues or are non standard construction
Require refurbishment or major works
Probate or deceased estate property
Residential Investment Property
Houses in need of improvement or in disrepair
Houses with development potential
Freehold Ground Rents-both individual & portfolios
Commercial Property-both vacant and investment
Garages-both single garages & blocks
Land-amenity sites & with development potential
Building Plots with planning permission.
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