Auction finance for buying property

Auction finance is a great way for property developers to secure a below-market-value property, often from a motivated seller. It could even be suitable for first-time developers too, if you’ve got the right expectations from the beginning.

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.

SDL Group acquires leading Chester property business

One of the UK’s fastest-growing independent property groups, the SDL Group has today announced its third business acquisition in 12 months.

Humphreys of Chester, one of the most respected estate agencies in the region, has been acquired by the SDL Group for an undisclosed sum. Humphreys is a multiple award winning firm - the recipient of three Sunday Times Awards for estate agency and auctions.

Land Prices Remain Strong at Symonds & Sampson Auction

Auctioneer Bradley Towell reports on strong prices for agricultural land at Symonds & Sampson’s auction on 23 September when 23 lots went under the hammer.

Auctioneers hoping police station ‘cells’

From a £1million-plus property in Edgbaston to the former Castle Vale police station SDL Bigwood has some arresting opportunities in its latest auction sale.

The next date is Thursday, October 20, at the Holte Suite, Aston Villa, and features 104 lots.

Jonathan Hackett, partner and head of auctions, said: “It is an eclectic spread – from great potential to amazing bargains.”

Ringing the changes for Auction House Cheshire

There’s change at the top for leading property brand Auction House in Cheshire as company managing director Peter Humphreys steps down from the role this month.

Peter set up Humphreys of Chester in 1994 and joined Auction House in July 2008. Since then his work, selling property under the hammer, has gone from strength to strength. His private treaty estate agency is being taken over by SDL. However, Auction House in Cheshire, North Wales and The Wirral will continue its regular sales with the next property auction taking place in late October.

How to buy property at auction

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.

Bids from all angles at latest Leicester auction

SDL Graham Penny held another successful auction at the King Power Stadium last week with bids coming in from the auction room, on the phone, by proxy and via the internet.

The auction, on Thursday 29th September, saw a catalogue of 21 residential property, commercial property and land lots offered with more than £1.6m raised in sales on the day.

Building on green belt land is now “inevitable”, says Aston Mead

Leading land agent Aston Mead says that campaigners in favour of maintaining the green belt need to accept that some of it will have to be built on, if a solution is to be found for the UK housing crisis.

The company’s comments come after the release of a report from the Campaign to Protect Rural England (CPRE), which claims to have uncovered blueprints for more than 123,000 homes on 203 sites on protected green belt land around London. The group says that most of them “are allocated in Local Plan documents, so the threats are real”.

SDL Graham Penny launches exclusive membership card

SDL Graham Penny, the new name for the most successful auctioneer in the East Midlands, has today launched a new membership card scheme to offer speedy registration to bidders attending its auction rooms.

Bidders holding a SDL Graham Penny membership card will be able to bypass the normal registration process as their contact details and identification will already be stored on the bespoke cloud-based software.

Benefits Of Buying Property At Auction

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

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