28/07/2023
Here we look at the do’s and don’ts of selling at auction and why use SellProp as your property auctioneers.
Do;
Having a reputable, experienced, and professional property auctioneer like SellProp Auctions working for you, is one of the easiest and most effective ways to ensure a smooth way to successfully sell your property at auction.
At SellProp Auctions, we offer free valuations to all anyone thinking about selling at auction. Simply fill out the form on our website, including details of your property and what your preferred reserve price would be, and we will embark on offering you a free and honest valuation on what our experts expect your property will reach at auction.
Letting experienced auctioneers like SellProp set a sensible reserve price for you, will help ensure the reserve price is met and you would not sell for any less than you would consider acceptable.
Once you have instructed an auctioneer like SellProp to sell your property at auction, then you can sit back and relax, and let them do all the work for you.
Your property will be comprehensively marketed prior to the auction. On auction day, the open sales forum creates an electrifying atmosphere, which can result in fierce competition and your property achieving the best price possible.
Don’ts;
It can be tempting to want to complete all the refurbishment work on a property to try and sell it for the best possible price. But the great thing about auctions, is that many buyers are looking for properties they can work on and add value to. In this sense it can often be better leaving a property in its current condition and working a reserve price around that.
Unlike selling via traditional means, with property auctions, you don’t have to worry about the property sale falling through. Once a reservation agreement has been made and upon acceptance of an offer, the property transaction is a secure one. Consequently, less thn 1 percent of auction property sales fall through. This compares with around 50 percent of private treaty sales.
https://sellpropauctions.co.uk/the-dos-and-donts-of-selling-at-auction-and-why-use-sellprop-as-your-property-auctioneers/
