A property auction can be a thrilling way to buy property, and snap up a bargain. They aren’t just good for buying repossessed homes, it’s now possible to buy all kinds of properties at auction. However it is essential that you do your homework before trying to buy a property at auction, and you need to put a number of important things in place before you go. It does't matter what your reason for buying at auction is, the key to success is preparation.
Before you go to auction to buy a property there's a lot of groundwork that needs to be done. A good place to start is by making a list of must
SDL Graham Penny held another successful auction at the King Power Stadium last week with bids coming in from the auction room, on the phone, by proxy and via the internet.
The auction, on Thursday 29th September, saw a catalogue of 21 residential property, commercial property and land lots offered with more than £1.6m raised in sales on the day.
Andrew Parker, auctioneer and managing director, commented: “Interest had been high for several of the lots in this auction and that was clear in the auction room as multiple bidders were lobbying to get their bid recognised.
Leading land agent Aston Mead says that campaigners in favour of maintaining the green belt need to accept that some of it will have to be built on, if a solution is to be found for the UK housing crisis.
The company’s comments come after the release of a report from the Campaign to Protect Rural England (CPRE), which claims to have uncovered blueprints for more than 123,000 homes on 203 sites on protected green belt land around London. The group says that most of them “are allocated in Local Plan documents, so the threats are real”.
Aston Mead Land & Planning Director Adam Hesse said: “It’s
SDL Graham Penny, the new name for the most successful auctioneer in the East Midlands, has today launched a new membership card scheme to offer speedy registration to bidders attending its auction rooms.
Bidders holding a SDL Graham Penny membership card will be able to bypass the normal registration process as their contact details and identification will already be stored on the bespoke cloud-based software.
Auctioneer and managing director Andrew Parker, commented: “It’s essential for us to get the contact details and see the ID of all our bidders in the auction room to qualify our
The main advantage of buying a property at auction is that you avoid the lengthy process of buying a house in the traditional way. At auction, the process happens in a matter of minutes rather than months and when the hammer falls, you own the property.
The other many benefits of buying property at auction are listed below. If these don't convince you, nothing will!
Low prices
Auctions really do offer the chance to secure property at bargain prices. Thousands of properties are sold at auction in the UK every year - and many are hard to value, meaning they often sell at below market value
Clive Emson's September auction has yet again proven that public confidence still remains strong with over £16 million raised from a catalogue of 138 Lots, pushing the total sales to-date for 2016 to £120 million.
And now, to keep at the forefront of the property industry, the team at Clive Emson have been reviewing the way they interact with both buyers and sellers and can now proudly announce some exciting changes to the way they do things!
Changes include their new and improved website, new look newsletter, adverts, digital media accounts including Facebook, Twitter, YouTube and LinkedIn
IF YOU"RE LOOKING FOR A SPEEDY SALE and certainty that a buyer won’t bail on you then selling at a property auction is a good way to go. Once the hammer falls the buyer has to put down a 10% deposit, then they have a month to give you the remaining 90%.
Selling at auction also widens the potential market, not only will there be buyers who want to make it their home, there'll also be investors, developers and property dealers interested in buying. In many cases an auction could prove to be the best method for selling your property and not just a last resort.
The Managing Director of the UK’s oldest estate agent recruitment consultancy has called for the Government to give more information about what will happen to European Union employees after Brexit.
His comments follow a recent survey by the British Chambers of Commerce (BCC), which found that two fifths of UK businesses employing staff from the EU say their EU employees have expressed concern about their future residency status following the referendum. Research also found that five per cent of businesses have seen EU employees resign following the Brexit vote, while ten per cent said their EU
Top ten UK auction house SDL Bigwood is to expand its Midlands network with regular Coventry auctions from this autumn.
The Birmingham-based business already holds six a year at Aston Villa FC, but from Wednesday, November 9, will be holding regular auctions in Coventry at The Village Hotel.
SDL Bigwood, with the acquisition of Graham Penny Auctions in the East Midlands earlier this year, is now the largest auction house outside of London and ranked number four in the UK by combined annual turnover.
The combined auction houses now have total annual sales of more than £160 million per annum and
Auction House is reporting a busy and profitable August, with a success rate of 82% - a full five percentage points ahead of 2015’s figure of 77% - and a month which included the sale of the group’s 2,000th property this year.
The award-winning property auctioneer held seven sales across the country during what is traditionally a quiet period for the sector, selling 113 lots from 137 offered, and raising a total of £12m. Cumulative results are also ahead of last year; sales in the first eight months of 2016 totalled 2,044 lots, at a cumulative success rate of 78%, raising over £275m.
The 2
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