What are residential property auctions?
What are residential property auctions? Residential property auctions are public sales in which properties are sold to the highest bidder. Sounds simple? That’s because it is! Through selling at auction, the process only takes around 6 weeks to complete, meaning it is a great option if for whatever reason, you need to sell your property fast.
If your idea of an auction is a secluded, smoky room at the back of your local pub – don’t worry – nowadays, things couldn’t be more different! Our auctions are held in large, modern rooms in some great locations, such as the King Power Stadium in Leicester, and the property values really represent those of the current property market.
If you’re looking for something a little closer to home, we also offer online property auctions that still offer the same transparency and certainty of purchasing in the auction room.
What are the benefits of property auctions?
If for whatever reason you need to sell your home within a particular time frame, selling your property at auction could be the best avenue for you. With auctions, there is a specific and intense marketing period of around 4 weeks, which ends with about ten minutes of bidding when the big day comes.
When the gavel’s down, the property is sold and crucially, contracts are exchanged. As the property has been sold at auction, no further negotiation is permitted, meaning completion is set for less than a month later.
We can also sell your property at the best possible price. If your house is distinctive, or has special qualities that buyers would love to compete for, auctions can be an amazing way to take advantage of achieving the best possible price for the property.
Similarly, properties that require renovation and have the potential to increase in value always sell well at auction. This is because our auction catalogues are regularly sent to developers, property dealers and investors who are in a position to buy and are specifically looking for properties they can add value to.
What our customers say
“You and your firm’s professional approach were outstanding and I was amazed at the amount of technology that you use on the day. The screens and bidding information are clearly a great benefit to everyone in the room. You have an excellent team, who all worked so very hard during the sale.”
“We would like to thank you for your very efficient service in the sale of our house. The staff were always very helpful and polite, every time we had to ask for help or information with anything. We really did appreciate everything you did for us.”
Mr & Mrs C
Where are our residential property auctions held?
We hold a number of auctions a year across the country in 7 prime locations:
- Villa Park in Birmingham
- Pride Park Stadium in Derby
- Chester Racecourse
- Nottingham Racecourse
- the King Power Stadium in Leicester
- the AJ Bell stadium in Manchester
- the bet365 Stadium in Stoke
Regardless of where your property is situated, we will be able to help you achieve the best results. View our upcoming property auctions schedule to find your next local event and request a free sales valuation today.