Blogs

Romans’ auction settles sellers’ nerves post-Brexit

The post-Brexit market didn’t deter hundreds of buyers and sellers who attended Romans’ fourth auction of the year at the Green Park Conference Centre in Reading.

Buyers and sellers witnessed fierce bidding on a varied catalogue of properties and land which resulted in 80% of the lots being sold on the day; many for prices significantly higher than their guides. One passionate buyer even got up from his seat during a bout of very competitive bidding so that the auctioneer could see him better.

Future Auctions - our Monday property hot picks!

Right, today we'll start by heading for South Yorkshire to take a look at a superb barn conversion. While we see some rather good completed conversions passing our way at UKAL often enough, it's not so often there's one quite as striking or charming as this former barn that now stands proudly presented as a fantastic four bedroom family home.

Commercial Property for sale at Auction

Property such as office buildings, industrial units, hotels, retail premises, public houses, and garages are becoming a primary sector of the commercial property auction market with sales under the hammer occurring more and more frequently. It doesn't matter whether they are vacant or tenanted, leasehold or freehold, there are an increasingly high number of potential investors attending nationwide commercial property auctions who will consider all types of commercial investment.

Auction finance for property developers

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.

Remember, Remember.....

Your Auction Property Viewing Checklist!

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.

Auction House declares ‘business as usual’, despite Brexit uncertainty

The UK’s largest residential property auctioneer Auction House says that uncertainty surrounding the EU referendum had very little impact on sales, and is reporting a performance level close to last year.

The group’s June figures were similar to those in 2015, with 252 lots sold (only 8 fewer than last year) but at a noticeably better success rate of 81% (a 4% increase on last year’s result).

Main Benefits of Buying Property at Auction are....

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

Buying at auction - what you need to do

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.

SELL YOUR PROPERTY AT AUCTION!

Do you want to sell your property quickly?

Selling property at one of our future auctions will be cost effective, simple, fast and stress free. If you feel that this method of sale might be right for you, why not get the ball rolling and get in touch for a FREE VALUATION via our PROPERTY ENQUIRY FORM.

Why Buy Residential Property at Auction

Residential Property Auctions are an efficient and cost effective way of selling property. Through effective marketing and advertising, auctions can offer a high degree of certainty that a sale will be achieved on a given day and, more importantly, on the fall of the hammer an immediate binding contract is formed, with completion taking place within as little as 28 days.

There are any number of reasons why people may be drawn to buying a house at auction in relation to residential properties.

Syndicate content