Property auction sales have risen by 11.3% as sellers come face to face with cooling housing market. Research from digital property pack provider Moverly, reveals that there has been an 11.3% increase in the number of home sellers turning to the auction room to combat cooling housing market conditions. Moverly analysed […]
Buying a property at auction involves paying a 10% deposit on the day and signing a contract to say the remaining 90% will be paid within 28 days. Often, buyers do not have the required amount of money to buy a property outright, and they must consider finance options such […]
Whenever you’re ready to sell your house, it’s vital to be upfront with buyers about every aspect of the property, positive and negative, in order to avoid potential future liability for not revealing anything – the presence of Japanese knotweed is a significant factor you must disclose. Officially designated as […]
OK, when things are ‘normal’ and we are not under a lockdown… A question I am almost always asked by somebody who is just about to begin in property is ‘should I go to an auction to buy my first property?’ I guess that’s a natural question. We’ve all watched […]
A question I am sometimes asked is, “If I go to an auction to buy a property, how do I bid?” The first starting point before you do anything is to sort out your finance, to sort out your survey and to sort out the legal side. That is a […]
A new online property service is launching that enables estate agents to add an auction element to both sales and lettings. LetsBid Property assists estate agents by enabling them to upload their listings to the website where registered buyers and renters can bid for property they’re interested in. “The whole […]
Whether you’re looking for an old property or new, a renovation project or a rental ready unit, here are some top tips from the experts at Belvoir to help you secure a successful investment on auction day… 1. Purchase practice The atmosphere of the auction room can be intimidating for […]
Over the past few years aspiring investors have taken to the auction houses in search of a bargain. But although there’s no doubt that amongst the lots on offer there’s certainly a great deal or two to be had, not every property that goes under the hammer will be right […]
Keep your head down in the saleroom. Dress down. Be quiet, unassuming, unobtrusive, anonymous. Blend into the surroundings. If at all possible, wear clothes displaying a matching pattern to the wallpaper, or attire yourself in the same fabric as the chairs. Sport shoes the colour of the carpet. Don’t stand […]
How to go about obtaining the necessary funds to purchase a property from an auction all depends on what you intend to do with it once you’ve bought it. For example, if you intend to sell the property quickly for profit, you would be unwise to tangle yourself up in, […]
