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 your homework before trying to buy a property at auction, and you need to put a number of important things in place before you go. It does’t matter what your reason for buying at auction is, the key to success is preparation.
Before you go to auction to buy a property there’s a lot of groundwork that needs to be done. A good place to start is by making a list of
People buy at auction for lots of reasons. They may want to move quickly or they could be looking for a plot of land to build on, a repossession, or quite simply they want a quick purchase without the risk of gazumping. Also, many buyers looking for investments buy at auction as a catalogue full of properties gives them lots of opportunities to choose from.
Buying a property at auction is both exciting and potentially profitable. It avoids all of the lengthy purchasing procedures that you usually have to endure and the risk of everything falling through at the 11th hour. At an auction, as soon
Three places in Devon have been named in the top 50 Best Places to Live in the Countryside by The Sunday Times.
The South West has eight entries in the top 50:
Fowey - Cornwall
St Minver - Cornwall
Blackawton - Devon
Chagford - Devon
Lympstone - Devon
Hazlebury Bryan - Dorset
Nailsworth - Gloucestershire
Sheepscombe - Gloucestershire
The locations have been selected for a combinination of desirable features, such as a positive community spirit, good local shops and services, and the access to some of Britain's most attractive outdoor spaces.
Auctioneer Eddisons says that its recent Leeds auction was the ‘most successful’ it has ever held.
The firm sold 51 (91.1%) of the 56 lots which went under the hammer at Elland Road stadium, generating proceeds of nearly £3,000,000.
Robert Limbert, Associate Director and Auctioneer said: "In terms of number of lots sold this was the most successful auction we have ever staged and quite possibly the best auction of all time in the Yorkshire region.
The room was packed and a real feel good factor was apparent amongst buyers who bid enthusiastically for lots in all categories, ensuring most
Martin Walshe and Richard Freshwater, Directors at Cheffins Residential are looking forward to the successes that Spring will bring to seller and buyers alike...
"At Cheffins, we love the Spring as one of the busiest times in the residential year. This Spring we plan to build on the results of 2014, and what a year that was for this region! Cambridge house prices rose by 20% in certain prime city centre streets; the 'necklace' towns, including St Ives and Ely, saw rises of between 10% and 15% and even villages further out felt the warm glow of rising prices. 2014 was Cheffins' most successful
Property auctions are set to remain an important tool in helping shift homes and land across Northern Ireland, it has been suggested by Lambert Smith Hampton.
The claim comes as the number of residential property sales reached their highest levels since 2007, during the last three months of 2014.
The commercial property company revealed that 93% of its lots up for grabs in auctions during 2014 were sold - raking in almost £9m.
Lambert Smith Hampton's Daphne Mahon said auctions were providing a strong platform for customers seeking good prices in Northern Ireland.
The award winning franchise Auction House has become the UK’s second largest commercial property auctioneer, in terms of lots sold.
Already the UK’s largest residential property auctioneer, in 2014, the group sold a total of 603 commercial lots across the UK, and has now decided to expand its commercial arm still further.
Founding Director, Roger Lake said: “We’ve always sold commercial lots alongside residential properties but 2015 sees us dedicating a large section to them in sales catalogues for the first time, due to the increased number on offer. The mix includes everything from pubs and
Lloyds Bank has issued its latest property sales report which is based on data from the Land Registry and covers 400 towns and London boroughs.
The hotspots are those areas that recorded an increase in home sales during the 10 months to October 2014 compared with the same period the year before.
Home sales overall were up 21 per cent in 2014 with more than 750,000 properties sold. But it is the areas which saw the biggest jump in sales that are perhaps most notable.
Top of the list is Daventry in the East Midlands. Slough is also in the top 10.
For one of the UK’s leading auctioneers, Clive Emson, a very healthy £16.3 million and an overall success rate of 82% sold was achieved from the first auctions of the year.
Demand for all sectors, whether vacant residential in need of improvement, vacant commercial, tenanted properties (residential or commercial), garages, land (all shapes and sizes) simply outstripped supply. The results of their first auctions of the year can be summed up as - a flying start!
And for 2015, Clive Emson has announced the launch of a new sale for the Essex and North and East London Markets.