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
So we've covered some of the reasons for selling property at auction, now let's turn to buying at auction.
People buy at auction for lots of reasons. They may want to move quickly or they could be looking for a plot of land to build on, a repossession, or quite simply they want a quick purchase without the risk of gazumping. Also, many buyers looking for investments buy at auction as a catalogue full of properties gives them lots of opportunities to choose from.
To help you decide whether you want to explore the world of auction a little further, we've listed a few of the main benefits of
Roma Finance, the specialist property bridging lender, has seen a 32% jump in bridging over the last 3 months fuelled by a marked increase in business from self-employed property landlords and developers.
The hike in self-employed clients has grown, as many seek finance for investment property purchases, renovations and change of use to generate rental income.
Recently published figures from the Office of National Statistics (ONS) show that self-employment is at a 40-year high, and in 2014 there has been an 11.5% increase in the number of people becoming self-employed in the ‘Real Estate
Although property auctions have historically been used for sales of repossessed homes, they are growing in popularity amongst vendors of all kinds of properties looking for quick sales. It might be something that you've considered or you want to find out more about, so why not spend a couple of minutes reading our step-by-step guide to selling your property at auction
And if you want to chat a bit more to one of our auctioneers, drop us a few details about your property.
Rental price growth across the UK eased in August, with the average rent in the UK now at £921 a month, compared to £851 a year ago, according to the data from the August HomeLet Rental Index.
The average monthly private rent in London stood at £1,464 and in the rest of the country £729 although some regions that were previously showing high growth month on month have fallen and in total the average monthly variation in rent across the UK was 2.3%.
Only London at 2.4% and the South East at 3%, registered increases of more than 2%. East Anglia and the South West, both of which have been
There are a number of advantages to selling your property at auction - the speed of sale being the main attraction with the whole process taking around 6 weeks, plus the reassurance that when the hammer falls your property is sold.
Selling at auction also attracts a wide range of potential buyers - not only will there be people who want to make it their home, there'll also be investors, developers and property dealers interested in buying. An auction doesn't have to be the last resort, it could prove to be the best method for selling your property.
An island that belonged to the late Beatle is just one of several up for sale off the coast of Ireland, with many costing less than the average price of a house on the UK mainland.
Private Islands boasts a number of picturesque assets dotted off the shores of Ireland and the jewel in its crown is unquestionably Dorinish Island - the westernmost of 365 in County Mayo’s Clew Bay - which was owned by legendary Beatle John Lennon until his untimely death in 1980.
Lennon originally intended for the 19 acre isle to be used as holiday home when he acquired it in 1967, but, following his divorce from
Selling property at auction can be an option. If you are considering selling up and want to know how much your property might be worth at auction, why not send us a few details and one of our auctioneers will give you a ring, to chat further about your requirements.
Don't be daunted! Selling a property by auction is easier than many people think, and the prices that we achieve are usually higher than expected too. Our auctioneers can answer all your questions, advise how the auction process works, confirm the fees, and arrange a free valuation of your property to see whether the possibility
Whether you’re planning to build your own house, add a spacious new extension or create a stunning kitchen overlooking a landscaped garden, then a visit to the brand new London Homebuilding & Renovating and Home Improvement Show, sponsored by Anglian Home Improvements, is a must!
From 26 – 28 September 2014, Olympia London will be transformed into a one-stop centre for home improvers. You'll be able to meet TV experts including Piers Taylor from BBC2’s ‘The House that £100K built’ and Charlie Luxton from More 4’s ‘Building the Dream’ as well as a host of regular contributors to Homebuilding &
Six regions of the UK now have average house prices higher than their pre-financial crisis peak after values rose again in July, figures show.
The East Midlands, West Midlands and South West of England have joined London, the East of England and the South East of England in rising above the peak of late 2007 and early 2008.
The Office for National Statistics (ONS) said UK property prices were up 11.7% in the year to the end of July. The biggest rise was 19.1% in London where average property prices ihad now risen above £500,000, compared with £272,000 in UK as a whole.
Average house prices:
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