Here's our step-by-step guide to property auction day. It's worth noting that if you are unable to attend, your solicitor or surveyor may be allowed to attend on your behalf.
Remember, in the run-up to the auction, keep an eye on the 'guide price' (this is the price listed in the catalogue). Also make sure you have made a decision on what your maximum bid will be. This will be based on your view of the property's value (having carried out viewings and local searches) rather than the guide price, and on the money you have available.
The final SDL Graham Penny Derby auction catalogue of 2016 has launched today featuring more than 55 lots and is set to be the last at the iPro Stadium before Derby County reverts the ground name back to Pride Park.
The auction, on Wednesday 7th December, will see 58 varied residential investment houses, development land, mixed use properties and commercial premises from across Derbyshire and beyond go under the hammer.
Andrew Parker, auctioneer and managing director, commented: “Our December catalogue features several excellent development and investment opportunities from building plots and
SDL Bigwood’s first Coventry auction got off to a flying start at the Village Hotel, Dolomite Avenue, Coventry, as eager buyers turned up for the city’s largest-ever auction sale.
A packed salesroom resulted in a hugely successful auction which raised £1,893,500 with a success rate of 88 per cent.
Notably, every single Coventry-based lot sold.
Gurpreet Bassi, auctions partner at SDL Bigwood, now the UK’s fourth largest auction house, said: “We were delighted with the result of our first Coventry sale and it was a fantastic achievement by the entire auctions team at SDL Bigwood.”
Symonds & Sampson had a double celebration on 28 October as a packed sale room ensured that top prices were paid for all lots and it ended a very busy month with properties auctioned in Dorset, Devon and Somerset raising over £3 million.
Auctioneer Mark Lewis felt that it was a red letter day “We were fortunate to have some very interesting lots in the October auctions and the attention from prospective bidders was strong with one famous person adding a bit of Hollywood glamour.
Land at Stalbridge which is a site of nature conservation interest proved very popular. Home to some rare plants
Leading property auctioneer Auction House London has sold a £1m property for its full asking price within seven hours of receiving the instruction to sell it.
The company received a phone call from the seller of the property in Mill Hill at 10 o’clock on Friday morning, and it was sold under auction conditions to one of two interested buyers by 4.30 that afternoon.
Auction House London Auctioneer Andrew Binstock said: “When the owner first got in touch, he said that he wanted us to sell the property in three days – but our next scheduled auction was still several weeks away. Nevertheless, I
SDL Graham Penny, the new name for the most successful auctioneer in Leicester, has a ground floor flat set to go under the hammer at its auction this Thursday with a guide price of only £1!
The lot at 10 Crosfield Close in Liverpool is a purpose-built ground floor apartment on the market with SDL Graham Penny at a *guide price of £1. With communal gardens and off road parking, the property is in need of refurbishment and is located close to local amenities, schools and recreational facilities.
Auctioneer Andrew Parker commented: “This flat is in need of refurbishment but once renovated it
National property auctioneer Auction House is celebrating after receiving two trophies at the 2016 Negotiator Awards – widely regarded as the property industry’s equivalent of the Oscars - during a glittering ceremony at the London Hilton Hotel on Park Lane.
The UK’s number one property auctioneer picked up Gold for Best Franchise for the second year running, as well as Bronze for Best Residential Auctioneer – the fourth year in succession that the group has appeared in the top three places in both categories.
Auction House Founding Director Roger Lake said: “To scoop two trophies at The
Leading property auctioneer Auction House is restructuring its operation in the North West of England, as a strategic response to the surge in residential and commercial activity across the region.
The group has created two tailored auction businesses in the area: Auction House Manchester operated by multi award winning estate agents Ryder & Dutton at the Etihad Stadium, and a newly-formed Auction House North West in association with regional estate agents Farrell Heyworth, one of the largest independent estate agencies in the North West of England, which brings together their auction
Anyone attending Clive Emson's last auction (161 lots catalogued) at any of the five venues would have seen packed rooms, £18.5 million achieved, an average of 81% success and many many prospective buyers leaving empty handed having been outbid!
Those buy to let investors seemed undeterred in their desire to acquire their first or indeed to add more suitable properties to existing portfolios, despite changes to BTL mortgage interest relief changes and additional stamp duty fees, but sellers need to be realistic about guides and reserves in order to make them attractive to this sector of the
Three homes sold for a combined £840,000 – £115,000 above their price guides – at a successful collective property auction in Kidderminster last month.
Halls said the result demonstrated the success that can be achieved by marketing the right properties for auction.
First lot was 60, Marlpool Place, Kidderminster, a well situated, semi-detached house on a double width plot in need of refurbishment and modernisation in a popular residential location, which sold for £135,000.
Next up was Fair View, Sandy Lane, Kidderminster, a three bedroom detached bungalow on a generous plot with outbuildings
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