The UK’s largest property auctioneer Auction House has just recorded its best ever sales month, beating all previous records in the nine year history of the company.
February 2016 saw the group break its highest ever monthly record on three key performance metrics – offering 600 auction lots, selling 461 of them, and raising nearly £63 million (£62,782,000) in the process.
Commenting on the group’s record achievement, Auction House Founding Director Roger Lake said: “It’s a real milestone to have offered 600 auction lots in a month - a figure that hasn’t been reached by any auctioneer since
Whether you’re a seasoned landlord or someone starting out to build a property portfolio, there are some things you’ve just got to do before making a bid on a property at auction. A key one is for both you and your solicitor to check the legal pack.
All the important legal documents you need to be aware of in relation to the property or land are in one handy pack for you to review before an auction.
The pack is put together by the vendor’s solicitor – so if you intend to sell at an auction this is something you will have to organise to be done in good time before the auction in which your
Propery buyers from outside of the East Midlands are on the lookout for Nottinghamshire auction bargains.
Vejay Pal, senior valuer at Graham Penny Auctions, said: "We found that several of our buyers travelled to the auction room from outside of Nottinghamshire to purchase their new properties earlier this month.
"A number of terraced, semi-detached and detached properties sold well and we're hoping to continue this momentum into our March auction."
He commented: “Our auctions last month saw us enjoy our most successful month in our 10 year history. We achieved some excellent sale prices for
If you’re moving house, the first thing to do is finalise your moving date, and then you can start ticking things off your checklist. Use our guide below so you don’t forget anything:
Four weeks before you move house:
Book a removals company as soon as possible. This will guarantee you get the date and the company you want. Keep in mind that weekend moves are likely to be more expensive.
Check your home contents insurance policy to see what cover you have regarding moving home. Your removal company may provide this if you are not covered.
It's important that you view a property before you bid for it at auction. There are so many things to consider and often the most important questions are forgotten.
Ask the relevant questions by taking our helpful checklist with you on your viewing. It may also be useful to take along the property details supplied by the auctioneer to ensure that their information is accurate.
Also check the property for signs of subsidence and confirm that the exterior is in good condition especially the roof and drainage. Double check the boiler, electrics and plumbing in the property and make sure they are
So if you're thinking about buying a property at auction then you'll find 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
Savills Nottinghamshire February sale saw strong interest for both commercial and residential investment properties with some £1.5million raised to date in all sales pre, post and in auction.
Bob Crocker, auction manager and director at Savills Nottingham said: "The keen interest witnessed at this month's auction may be a reflection of the potential changes to stamp duty being considered by the Government for investment properties, with the confirmation of changes due to be made within the Chancellor's budget statement in March.
"It is taking these proposed changes into consideration that we
CPBigwood’s latest auction smashed all previous results boosted by the rush to beat the Government’s buy-to-let tax rise.
With a three per cent stamp duty surcharge coming into force on April 1, the Holte Suite at Aston Villa Football Club was packed.
Jonathan Hackett, head of auctions, said: “The level of interest from buyers wanting to get in before the deadline was very pronounced.
“The total sale was a staggering £17,569,500. It was just fantastic. There were well over 1,000 people in attendance with 800 prospective bidders registered, another record.”
If you're considering a house move and want to sell your property quickly, then auction might be right for you, if the price is right.
Selling property at auction is cost effective, simple, fast and stress free, so if you feel that this method of sale might be right for you, why not get the ball rolling and get in touch. We offer a free, no obligation appraisal to identify suitable properties and their worth, and if you decide to progress, then our auctioneers will advise you on everything that you need to know including setting the right reserve price, managing the viewings, and advising you
Romans’ first property auction of the year saw hundreds of buyers attend the Green Park Conference Centre in Reading to witness a catalogue of interesting and rare lots being sold.
“This was a terrific start to the year with 86% of the lots selling; a majority for significantly higher prices than their reserves” comments Simon Clayton, Romans’ Auctions Director.
Two of the most popular lots on the day were both in Reading; an attractive vacant Victorian terraced house on Wokingham Road sold for £61,000 above its guide price following a fierce bidding war, and another terraced property on
Moving Home
UK Auction List works with our partner, Really Moving to provide everything you need for a stress-free move.