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Why sell property in the auction room?

25th October 2016 – “In the past the auction room was thought of as a dark and smoky room at the back of a pub where properties would be sold at a knock down price,” explains auctioneer Edward Feather of SDL Auctions.

To request an auction appraisal for the Chester December auction click here

“Nowadays that couldn’t be further from the truth. Our auctions are held in a large modern room at Chester Racecourse and our sale prices truly represent the current property market.

“The sale of property by traditional auction is a proven method of achieving the best price. More importantly, a sale by auction is secure and cannot fall through; once the hammer falls, the property is sold, contracts are exchanged in the auction room and will usually complete in 21 days.

“It offers the security and comfort that the matter will be dealt with swiftly and securely.

“The whole sales process takes around six weeks and includes four weeks of intensive advertising on the SDL Auctions and Rightmove websites, regular adverts in the local press and inclusion in the high quality auction catalogue.”

All types of properties sell well in the auction room including those in need of repair, those with unique features and even tenanted properties. On the fall of the hammer the buyer has bought the property; they exchange contracts – offering no opportunity to renegotiate or change their mind – and completion usually takes place only three weeks later.

SDL Auctions is the fourth largest auction network in the UK and the biggest outside of London. It has already raised over £100m for vendor clients so far in 2016 and is shortlisted for Auction House of the Year at next month’s property industry ‘Oscars’, the Negotiator Awards.

Edward added: “Now is a good time to sell a property and a great time to sell by auction.”

To request a free auction appraisal for the Chester auction on Tuesday 6th December
call the team on 01422 433 422