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 competitive bidding 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 following types of property that are:
Difficult to mortgage
Have structural issues
Residential Investment Property
Houses in need of improvement
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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