What property types sell best at auction?
Asked on Jul 29 2013,
Selling in Beccles |
Sale by auction can often be more relevant, efficient and practical than selling by private treaty or formal tender. Non conditional auction provides speed and a higher degree of certainty with binding contracts at the fall of the hammer and completion typically within 28 days.
• Tenanted property – single AST, HMO and portfolios
• Mixed use – commercial units with part residential
• Park Homes – residential mobile homes and holiday homes
• Development property – with or without planning consent
• Development land – with or without planning consent
• Amenity land – paddocks, woodland etc
• Ground rents – the freehold or leasehold of properties
• Commercial – vacant or tenanted
• Quick sale / forced sale – time pressured sales
Web reference: http://www.auctionhouse.uk.net
Answered on Jul 29 2013,
Typically properties that are of the "everyday variety" do not sell that well. Ones that are unique or in need of modernization tend to get more interest. Typically 70-75% of all auction lots find a buyer so it's best to take advice from the auction house as to whether your property is suitable.
Web reference: http://www.houseandhomesdirect.co.uk/what-types-of-proper...
Answered on Aug 4 2013,
The best sellers at auction tend to be unmodernised properties in popular areas, they'll often sell for more at auction than a private treaty (estate agent) sale.
Answered on Apr 7 2017,
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