Blogs

AUCTION FINANCE is a great way for property developers to secure a below-market-value property, often from a motivated seller. It could even be suitable for first-time developers too, if you’ve got the right expectations from the beginning.

Putting up your hand and bidding on a property worth hundreds of thousands of pounds is a daunting prospect, even for experienced auction-goers. If you make the winning bid, you'll usually have to pay a non-refundable deposit on the day, and you'll have 28 days to pay the balance.

That means that the timeframe for auctions is much shorter than the

Award-winning property auctioneer Auction House is putting its increasing success rates down to its network of 40 regional sales rooms around the UK, each of which supports its own local area.

The group’s sales figures for April 2017 indicate a 74% success rate – a 2% jump compared to the same period last year – despite additional levels of uncertainty caused by Brexit and the forthcoming General Election.

Auction House Founding Director Roger Lake said: “Our 40 conveniently-located auction rooms around the country mean we attract bigger than average audiences compared to other auctioneers

The director of one of the country’s most respected land brokers is calling on planners, architects and builders to increase the amount of site sharing on new construction land across the UK.

Charles Hesse from Aston Mead Land & Planning says the idea of putting similar companies and organisations together on the same site would increase the amount of brownfield land available in town and village centres.

He explains: “Brownfield sites are the holy grail of new-build construction. Their accessible and central locations make them highly desirable, but they are often in short supply because

A two bedroom flat in Wembley with a remaining lease of just 18 years has sold for £140,000 – from a starting guide price of just £40,000, at last month’s sale (13 April 2017), through Auction House London.

Although the flat needed refurbishing, the advantage for the buyer of this property in Sylvia Court was that the freeholder had already been approached for an extension to the lease.

The property was one of 106 lots offered in the auction room at the London Marriot Hotel in Regent’s Park, where sales raised more than £13,600,000 (£13,635,600).
Another property which caught the imagination

Property asking prices have recovered from a Brexit blip, hitting an all-time high of £313,655 in April after rising 1.1 per cent month-to-month.

Property website Rightmove found average asking prices increased £3,547 from March, surpassing the previous peak of £310,471 reached in June 2016, at the time of the EU referendum.

According to Rightmove this increase has been driven by strong buyer demand with the market seeing the highest number of sales agreed at this time of year since 2007, pre-credit crunch.

The average national asking price has now reached £313,000, and while the rate of

Leading Merseyside auction house, Sutton Kersh have put together a 10-step guide for first time auction goers:

1. Explore your options
Obtain a catalogue of possible lots to bid for and choose what you like.

2. See the property for yourself
By seeing the lot with your own eyes, you really understand what you might potentially get at the end.

3. Get the legal advice
It is highly suggested for everyone, especially the first-time buyers to get the legal or professional advice from a solicitor or a chartered surveyor if needed.

4. Arrange a survey
Taking a precaution by doing a survey on the

A run-down semi-detached house and a former school building were among the highlights of a 'remarkably busy' auction after both Sheffield properties sold for more than £100,000 over the guide price.

The Mark Jenkinson and Son auction saw sales of £2.3million after lots went under the hammer including the four-bedroom house in need of complete renovation on Bromwich Road, Woodseats, with a guide price of £75,000 which sold for more than twice the price at £181,000.

A former independent school on Handsworth Road, in the established residential area of Handsworth and with the potential for

If you are looking to sell your property at auction, we offer a free no obligation valuation of your property.

Selling property at one of our future auctions will be cost effective, simple, fast and stress free. If you feel that this method of sale might be right for you, why not get the ball rolling and get in touch for a FREE VALUATION via our PROPERTY ENQUIRY FORM (click on the link).

Auctions are a good option if you’re looking for a speedy sale and the certainty that a buyer won’t bail on you. Once the hammer falls the buyer has to put down a 10% deposit, then they have 28 days to

Award-winning national property auctioneer Auction House has announced sales figures for the first quarter of this year which precisely match the record results achieved during the same period in 2016.

By the time the hammer came down in its final March auction of 2017, the group had sold a total of 701properties - exactly equalling the total sold in the first quarter of last year, when the market was surging in advance of the additional 3% Stamp Duty for landlords and second-home buyers, which came into effect in April.

Commenting on the figures, Auction House Founding Director Roger Lake

The first two Acuitus sales of the year have seen over £90m sold with 30 properties selling for in excess of £1m with a top price of £4.805m being achieved.

The number of investors who are turning to property because of its tangible qualities is expected to grow as a result of the proposed General Election in June.

Acuitus auctioneer, Richard Auterac, comments: “The election introduces an element of uncertainty into the general economic picture but it will have more impact on the equities and bond markets than on property."

“And while property private treaty sales may be delayed as parties