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
The first Acuitus auction will take place on February 11th at the Radisson Blu Portman Hotel, Portman Square, London W1 and already includes major instructions from investments funds.
Richard Auterac comments: “We expect the growing momentum of 2015 to continue well into 2016 and having reached a critical volume of transactions we expect our sales to attract wealth managers and IFA’s looking to place client’s funds into direct real estate investments.
Acuitus’s last auction demonstrated the continued growth in investor demand for commercial property which has been evident throughout 2015 with
Leading land agent Aston Mead says claims that housebuilders are ‘landbanking’ - deliberately sitting on plots of land without building on them - are a smokescreen for the UK’s broken planning system.
The company’s comments follow newspaper reports that developers currently possess enough land to create more than 600,000 new homes in Britain – a figure which is four times the total number of houses built in the country last year.
Aston Mead Land & Planning Director Adam Hesse said; “Why would houseuilders sit on land when we are in the throes of a building boom following the worst recession in
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
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 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. You
If you are wondering how to sell your home fast, but are uncertain of your options, selling a house at auction could be the choice for you. Selling a property at auction is one of the most secure forms of quick house sale there is.
You should consider going to auction if:
- You have a home that needs some work, and/or are happy to let it go at a below market value price.
- The property for sale by auction is unique / unusual, and would not sell well on the open market.
- You are simply looking for a quick, guaranteed no-nonsense sale.
Auctions are also an excellent way to sell a home that
A property auction can be a thrilling and efficient way to sell property fast, and secure a guaranteed sale.
Exchange contracts on property auction day
Sale guaranteed upon fall of the hammer
10% deposit paid immediately
Completion within 20 working days
Maximises sale value
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. Using a property auction is the fastest way to sell. If you want a quick sale or have a deadline to meet, then a
Well, 2016 has dawned and we're very excited about the first property auctions of the new year! Our auction calendar will soon be filled with dates throughout the UK for next month - and the first catalogues of the year should start to be released from the end of next week (although there are already a couple in our database for auctions taking place in January!).
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
Acuitus’s final auction of 2015 demonstrated the continued growth in investor demand as £45.033m of assets sold at a success rate of 88%.
Acuitus auctioneer, Richard Auterac, comments: “This was an emphatic conclusion to our 2015 auctions. Investors were out in force and had an appetite for all the sectors across a wide geographic spread.
“The properties in the main are from portfolio break-ups, receiverships and asset rationalisations by investment institutions and funds selling their smaller properties. These are being snapped up by the growing volume of private investors who recognise the
Moving Home
UK Auction List works with our partner, Really Moving to provide everything you need for a stress-free move.