Putting up your hand and bidding on a property worth hundreds of thousands of pounds is a daunting prospect, even for experienced auction-goers. If you make the winning bid, you?ll usually have to pay a non-refundable deposit on the day, and you?ll have 28 days to pay the balance.
That means that the timeframe for auctions is much shorter than the traditional ways to buy property, and it can be difficult to get the funds together in time, even if you?ve got a lot of available equity in your property portfolio. Auction finance is a flexible product that can be tailored to suit individual needs
With £40m already raised for vendors across the East Midlands, SDL Graham Penny – the new name for the most successful auctioneer in the East Midlands – is inviting entries for its next Leicester auction.
The auction, on Thursday 29th September at the King Power Stadium, is SDL Graham Penny’s fifth Leicester auction so far this year and is set to feature a wide range of residential property, commercial property and land lots.
Andrew Parker, auctioneer and managing director, commented: “We have raised some excellent sale prices for our vendor clients across the East Midlands so far this year
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.
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
Successful regional property auctioneer SDL Graham Penny has announced its expansion into Stoke with its first auction taking place at the home of Stoke City FC.
The auction, on Friday 21st October at the bet 365 Stadium, will be SDL Graham Penny’s first auction in Stoke and its 17th auction so far this year. The company already holds regular auctions in Derby, Nottingham and Leicester and this new addition to the calendar will bring the total number of auctions to over 20 per year.
Andrew Parker, auctioneer and managing director, commented: “We have already raised more than £40m for our
Auction House, the UK’s most successful property auctioneer – which has a branch in North Wales - says that the time is now ripe for first time buyers to enter the auction room.
Claire Blezard says that she is noticing an increase in the number of first time buyers at the company’s sales, marking a big change from the days when cash-ready buyers were invariably the winning bidders.
She explains: “The introduction of the 3% Stamp Duty surcharge favours those buying for occupation – or what I call ‘buy-to-live’. Auction now provides a real opportunity for first time buyers to get a foot on the
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.
The UK’s oldest estate agent recruitment consultancy says that the UK job market is looking surprisingly resilient in the wake of the Brexit vote.
In addition, the company says the recruitment sector should be encouraged by a positive outlook from major property companies, as well as several big investment schemes announced in recent weeks.
Property Personnel Managing Director Anthony Hesse said: “Rightmove has said it does not expect to see a Brexit-induced slowdown in its business, and profits are up at Taylor Wimpey, which has reported ‘no meaningful change to date’ in its house sales. Not
Auction House reported better-than-expected results in July, despite the post-Brexit slowdown which dampened expectations going into the month. The group sold 385 lots from 526 offered, delivering a success rate of 73% and raising a total of £50.5 million.
Commenting on the figures, Founding Director Roger Lake said: “The Brexit factor led to forecasts of doom and gloom which in reality we found to be wildly exaggerated. Whilst uncertainty is never helpful, and auctioneers had to be more selective with the stock being offered in their rooms, we still managed to achieve a very successful month
Symonds & Sampson finished the first half of the year in style with a complete sell out at their 29 July sale in Sherborne and auctioneer Mark Lewis selling his 2000th lot ‘under the hammer’.
Mark, Head of Agency at Symonds & Sampson said “We thought that we were going to have a good day when we saw the number of legal packs downloaded from our website and the record number of proxy bids received from people who could not be at the sale. It ends a very good auction month with over £3million worth of auction lots falling under the gavel.
The lots included paddocks at Leigh near Sherborne and
A successful property auction was held at Westwood Golf Club seeing a packed room of potential purchasers held by Graham Watkins & Co, with a good deal of interest in all lots on offer with particularly strong interest the land at Wetton.
The first lot on offer was 28.78 acres of grassland that was formerly part of Hazel Barrow Farm, Upper Hulme, Leek.
This land was suitable for grazing and part-mowing with good road access and the benefit of natural water. It exchanged hands for £108,000.
The second lot on offer was 1A Leek Road, Waterhouses, being a one bedroomed cottage with garden plot in
Moving Home
UK Auction List works with our partner, Really Moving to provide everything you need for a stress-free move.