Why Consider Selling a Property at Auction?
Speed: One of the primary advantages of selling a property at auction is the speed. Once the gavel falls, the sale becomes legally binding, eliminating prolonged waiting periods.
Ideal for Properties Needing Refurbishment: Auctions can be particularly beneficial for sellers with properties that require significant refurbishment. Such properties might attract investors or developers looking for a project, and the competitive nature of auctions can drive up the price.
Market Conditions: In certain market conditions, especially when demand is high, auctions can yield higher than expected prices due to competitive bidding.
For more information about buying or selling at auction please visit our YouTube channel or watch an interview that Managing Partner Nick did with Ranjan Bhattacharya.
*The timescales quoted do not include weekends.