Auction

Auction

SKU: AUC/11/02/TION/20
Discover a new way to buy properties at a discount. One main advantage with action properties is that you can bid for properties that you won’t necessarily find via an estate agent. Predominantly, we can buy residential, commercial and mixed-use properties, and we can also bid on land and ground rents.
 
With auctioned properties, you are likely to find a bargain property being sold by mortgage providers looking to offload a repossession or by executors wanting a quick sale.
 
    • There’s no doubt that an auction is the fastest sales process around. It’s quick and efficient and that’s what makes it attractive
    • You might find a great deal; whether it's an undervalued home with planning permission or a big renovation project, you could find a bargain at a property auction.
    • Set your own price and establish a value-creating honesty of the transaction
    • You are in control at an auction. You decide when to bid and how much to bid – how high or low you want to go
    • There is the certainty of knowing what you’re getting
    • The vendor offers a guide price or reserve price
    • The bidding is upwards only
    • As soon as the hammer falls the contract is binding and contracts are signed at the sale
    • It can be the best option if the vendor needs to sell by a certain date
    • You can move quickly: the entire home-buying process should be completed within a set number of days (often 28) after the auction.
    • Property auctions can be a more reliable way to buy

     

    Few points to be mindful about.

    • You could be outbid: if someone bids higher than you, you'll have lost time and money viewing the property and having a survey conducted.
    • You need to have the money ready: if you win the auction, you'll have to pay a deposit on the day, and will only have a set number of days after that to pay the total purchase price to the seller.
    • Auctions can be hit and miss: some offer can be a little more than commercial properties and complete wrecks that could be long-term money pits.
  • House, Flats, Investment

£30,000.00Price

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ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SIZE, ROOM COUNT, NUMBER OF BEDROOMS AND AMENITIES IN THE PROPERTY. LISTINGS SHOULD BE VERIFIED INDEPENDENTLY

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