Property remains one the safest investments in an uncertain world, according to Gurpreet Bassi, auctions partner at SDL Bigwood.
He was reflecting on a “very eventful” 2016 and looking ahead to what he believes will be a lively 2017.
Mr Bassi noted: “We ended 2015 with the SDL Group takeover of Bigwood and what a 12-months it has been.
“This unpredictable year will always be remembered for the one that brought us Brexit and President Trump, although there was still the predictability of the England football team failing miserably at a major tournament!
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
Leading land agent Aston Mead has welcomed two government initiatives launched this week, which will create tens of thousands of new homes across the country.
The company was responding to plans for 14 new villages and 3 ‘garden’ towns in England announced on Monday, as well as details for thousands of new discounted starter homes on 30 local authority brownfield sites, the details for which were released on Tuesday.
Aston Mead Land & Planning Director Adam Hesse said: “This is precisely the sort of initiative we have been demanding from the Government for some years now. We desperately need
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
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).
If you’re looking for a speedy sale and certainty that a buyer won’t bail on you then auctions are a good way to go. Once the hammer falls the buyer has to put down a 10% deposit, then they have 28 days to complete the sale.
If your property has been on the market already and you haven’t had any offers for the price
HAPPY NEW YEAR to you all. Just a quick reminder that currently we only have UNSOLD lots from December in our database. Auctions for 2017 recommence in February, with new catalogues starting to be released from end of next week (from 13th January onwards).
To give you a bit of an overview of our service, UK Auction List displays the properties going to auction around the UK as and when the auction houses send them over to us. We don¹t send out catalogues or email information on specific properties, as our database changes on a daily basis as new properties are added, and others removed
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.
Arrange for parking of the removal van outside your
With substantial unsatisfied investor demand in the commercial property auction sector, Acuitus expects to see buyers out in force at its first auction of 2017.
Acuitus auctioneer, Richard Auterac, comments: “Although this has been a tremendous year for the sector with more than a £1bn of commercial property assets being sold at auction for the first time since 2007, the reality is that there is still a lot of unsatisfied investor demand out there.
“This means that there are significant opportunities for sellers. However, we have seen this year that a common denominator among assets that sell
Auction House has further consolidated its position as the UK’s leading auctioneer by reporting record results in 2016, with the number of lots sold far exceeding all other auctioneers in the country.
When the hammer fell for the last time this year, the award-winning brand had sold 3,282 lots in 2016 from 4,314 offered – a success rate of nearly 77%, and raising a total of over £426 million.
Commenting on the figures, Founding Director Roger Lake said: “This is a massive achievement for the brand, especially considering the upheaval this year – not only because of the unknown impact of Brexit
Allsop held its final sale of 2016 last week (15th December) at the Cumberland Hotel, raising a total of £46m with a success rate of 71%. This brings the total amount sold through the firm’s residential auction team to over £425m in 2016, meaning the team retains its number one position in the market for the 22nd year in a row.
Partner and auctioneer Gary Murphy commented on the day:
“This was a respectable result in what is clearly an adjusting market. We had seen modest success rates in other residential sales this December and were, therefore, expecting to see a softening in demand
Moving Home
UK Auction List works with our partner, Really Moving to provide everything you need for a stress-free move.