The landscape of selling property at auction has changed a lot in recent years. No longer is it seen as simply an option for properties in need of complete modernisation or repair. Today, almost any kind of property is suitable for sale at auction, regardless of value, age, size, condition or style.
Here are just some of the other property types we help vendors sell at auction:
Ready to find out how your property could perform at auction? Get in touch now for your free auction appraisal.
The TV show Homes Under the Hammer has brought the world of property auctions to a wide audience and has shown just how simple and rewarding the process can be – for both sellers and buyers.
The big advantage of selling at auction is that it removes the uncertainty which can often occur during a traditional sales process. Issues with complicated chains, last minute renegotiations, buyers backing out, and late survey surprises are all avoided when selling at auction. So, for anyone who wants to sell with certainty and less stress, choosing the auction route can be hugely beneficial.
When selling at auction, it’s possible to complete the sale within a very short timescale, efficiently and transparently.
Wondering if selling at auction could be the best option for you? Here are some of the times when choosing to sell at auction may be recommended:
Here’s a quick guide to the auction process.
When you choose Lextons to sell your property at auction, we’ll be by your side at each step, providing advice and updates at every stage.
If you have a question or would like more information about selling your property at auction, contact us and we’d be delighted to help.
Here are just a couple of examples of Brighton & Hove properties we’ve sold through the auction process:
Case Study 1 – Significantly exceeding the reserve price
A good example of encouraging competition within the auction room was seen when we auctioned a flat in Hove for a client. The property had a larger than average garden with fantastic development possibilities. The property had a reserve price of £180,000 but sold for £320,000 during the auction. The reason why? There were 12 people all bidding for the property at the same time!
Case Study 2 – From viewing to exchange of contracts on one day
Selling a property at auction is about much more than just what happens on auction day. In fact, some clients find that the interest generated allows buyers will make offers to purchase ‘pre-auction’. This means the seller can often choose to sell their property for a premium even before auction day, if they wish.
One example was a freehold property in Hove which we were asked to auction. A potential buyer made an appointment to view the property two weeks before the auction date. The same day, they made an offer which was significantly higher than the reserve amount was likely to be set at. The seller decided to accept the offer and the contracts were exchanged that very same afternoon.
Want to find out more about how Lextons can help you sell your property quickly and efficiently at auction? Get in touch now for your free auction appraisal.
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