How to sell your house at auction
As we enter February, the property market begins to warm up, ready for the spring peak. If you’re thinking of selling your house in the next few months it can be worth considering selling at auction for a quick and reliable property sale…
How much does it cost to sell a house at auction?
When selling your house at auction your solicitor will need to compile a legal pack, which will cost around £400 or £500 and that cost will need to paid upfront.
Finding an auction house?
Most property auctioneers list their previous sales online, so it can be useful to look for auctioneers that have successfully sold similar houses to yours.
Will my house sell at auction?
What price will my house sell for at auction?
Some properties are better suited to a sale at auction than others. Properties in need of modernisation typically sell very well and it’s not unusual to see final sale prices far exceed those quoted by estate agents.
How quickly can I sell my house at auction?
What preparation do I need to do when selling my house at auction?
The marketing carried out before an auction sale is designed to stimulate interest to the widest range of buyers in a short, sharp snap of 3 to 4 weeks.
Although there’s no harm in ensuring your property is reasonably well presented, most auction buyers will “see through” any mess and clutter. As long as all rooms can be accessed safely, that will be fine.
How can I sell my house for more at auction?
Auction buyers can only bid with confidence if they have full information about the property – so it’s really important to make sure the auction legal pack is ready as soon as possible and ideally no later than one week before auction day.
If you can give prospective buyers more time to arrange their finances for the purchase, then that will help. It’s not unusual to see “property professionals” such as investors and housing associations et 6 weeks completion dates rather than the usual 4 weeks.