Maybe you're thinking about buying a property at auction, but not sure why it might benefit you? Well, here are just a few reasons:
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
As 2015 draws to a close (where has this year gone?!), you might be considering a house move in the new year.
Selling property at auction is cost effective, simple, fast and stress free, so if you feel that this method of sale might be right for you, why not get the ball rolling and get in touch.
Some of the benefits of selling at auction are:
The possibility of obtaining a higher price and an earlier sale.
A greater certainty of selling your property - 60-70% on average.
Predictable time scales so you can plan ahead with confidence.
A much quicker sale from
Auction House London says the plans announced by the Chancellor in the Government’s latest Autumn Statement represent “a bruise rather than a body blow” for the auctions sector.
In his speech on Wednesday, George Osborne announced an additional three per cent stamp duty on buy-to-let properties and second homes, which would raise an extra £1bn by 2021.
He said that this money would help pay for 400,000 new homes and new ‘help-to-buy’ initiatives, with up to £60m going to help home-buyers in places where holiday homes have forced up local prices.
A property auction can be a thrilling and efficient way to sell property fast, and secure a guaranteed sale. Some of the benefits include:
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
Leading land brokers Aston Mead have criticised the plans announced by the Chancellor in the Government’s latest Autumn Statement.
In his speech on Wednesday, George Osborne announced an additional three per cent stamp duty on buy-to-let properties and second homes, which would raise an extra £1bn by 2021. He said that this money would help pay for 400,000 new homes and new ‘help-to-buy’ initiatives, with up to £60m going to help home-buyers in places where holiday homes have forced up local prices.
Aston Mead Director Charles Hesse said: “On the face of it, these changes may appear to be
Sutton Kersh looks set to sell close to £40 million of property during 2015, pointing to a sturdy recovery in the City Region market.
So far this year the auctioneers have sold more than £33million of property with one auction left, on December 10th.
Cathy Holt said: “The figures for property sales this year point to a confident market, with lots of properties changing hands and considerably more investment in property during 2015. So far this year we've sold 415 properties, and with one auction left to go we look set to reach a total of £40 million in property sales.
Purchasing a house or flat at auction can be a great way to bag a bargain. As well as being a quick and relatively hassle free way to buy a home, no driving around viewing endless houses, no negotiations, and no last minute fall through if the house sellers get a better offer, the auction process is easy. You simply look through the auction catalogue, find a property you like, arrange a viewing and do some research, and show up prepared on auction day – here’s a few tips to help you on your way:
1. Find auction houses that sell properties in the area you’re looking in. London auctions have
Allsop, the UK’s leading auction house, raised £71.2m selling 175 lots at their 29th October residential sale.
High value lots selling well as buyers and sellers accept and factor in new stamp duty thresholds. Auctioneer Richard Adamson comments, “The appetite for properties located in central London is still as strong as ever, but as always this is price sensitive. It would also seem that both buyers and sellers are more accepting and comfortable with the new stamp duty thresholds. There were a number of properties that fell into this category, with the most notable being Lot 21 in
The high-yielding Meakstown Shopping Centre in Finglas, Dublin 11, is one of the most notable investment properties going for sale at Allsop’s final commercial auction of the year at the RDS on December 9th.
A reserve price of €2 million-€2.4 million has been set for the centre which comprises five retail units, a creche, bar, restaurant and a gym. The nine units extend to 2,821sq m (30,364sq ft)and are all occupied, with the exception of the gym.Tenants include Boyle Sports, Hickey’s Pharmacy, Macari’s and Eurospar, with a weighted unexpired average lease term at 12.69 years.