Have you considered buying or selling at auction?

Property auctions offer a fast and effective way of buying or selling a property or piece of land.

Stuart Collar-Brown of Wiltshire based auctioneers Strakers comments:

“There has been a noticeable increase in the number of normal house buyers and sellers who are choosing the auction route”

 

Why sell at auction?

Speed

Usually 4 weeks from the start of marketing to exchange of contracts

Certainty

Contracts will exchange if your reserve price is achieved

Control

You decide what the reserve price is and when the completion date will be

Transparency

The property will sell to the highest bidder in the auction room

Success

The likelihood that your property will sell

What types of property are suitable for auction?

 

  • Houses and bungalows needing modernisation
  • Probate sales
  • Commercial and residential investments
  • Building plots
  • Farms, paddocks and agricultural land

 

 

Stuart, NAVA Novice Auctioneer of the Year 2014 winner, says:

“There are several types of property which are ideal for sale at auction whether it be a refurbishment opportunity, an investment property with tenants in place, a building plot or a property on which you cannot obtain a mortgage. However, often it is the vendor’s situation which makes auction the best way forward – selling on behalf of a family in a probate situation or if you wish to sell your property in the quickest possible time”

 

Why buy at auction?

Speed

You could exchange contracts within days of viewing the property

Certainty

On the fall of the hammer the property is yours and you can’t be gazumped

Transparency

All bidding is public so you can see what others are offering

“For anyone who would like to find out more I would always recommend they attend one of our auctions. As well as being great events it allows people to get comfortable with the process and how it all works, whether you are thinking about selling or buying”, Stuart comments.

What should I do next?

So whether you have a property to sell or are thinking about buying it might be worth considering auctions.

To find auction property on Rightmove search in your required location and use the auction filter on the left hand side.

Alternatively, you can sign up for Rightmove’s Investor Newsletter and you will be updated with details of auctions happening in your area.

Auction property currently available on Rightmove







Strakers are a leading auctioneer based in Wiltshire, holding auctions in Bath, Swindon & Devizes.

Last year they sold 88% of all lots offered raising £21m for their clients. http://strakers.co.uk/Services/Auctions


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