This guide is intended to help Nottingham property owners make an informed decision when selling their property. Is auction suitable for you and your property? How much do Nottingham property auctioneers charge?
Selling a house at auction in Nottingham
This guide is designed to help anyone interested in selling a property in Nottingham - either a residential or commercial property. The guide includes details of local property auctioneers and information about costs, timescales and the auction sale process as well as examples of recent auction sales in the Nottingham area.
Choosing a suitable Nottingham property auction
In most cases property owners feel more comfortable appointing a local Nottingham auctioneer, just because prospective buyers will be able to attend the auction room more easily on auction day. If that's your preference then there are a few auctioneers to choose from in Nottingham. The questions you should be asking are:
- Does the auctioneer have an auction that suits your timescale?
- Has the auctioneer sold many properties in my part of Nottingham recently?
- How do fees compare to other auctioneers, are they fair?
- Is the reserve price reasonable?
Unless you're in a hurry to sell, don't rush into making any decisions. It's worth shopping around to make sure you find the right auctioneer for you.
Property auctioneers in Nottingham
There are 5 main property auction companies operating in Nottingham, they are:
- Auction Estates, 28 Regent Street, Nottingham NG1 5BQ
- SDL Auctions (Nottingham), 9 Regan Way, Chetwynd Business Park, Chilwell, Nottingham NG9 6RZ
- Wallace Jones, 27 Derby Road, Long Eaton, Nottingham, NG10 1LU
- WA Barnes, Portland Square, Sutton-in-Ashfield NG17 1DA
Case studies: Nottingham property auction sales
Relocating for work
Jason was selling his family home on Runswick Drive, in Wollaton NG8. The house had been listed with an online estate agent for 4 months but had struggled to generate much interest. Since John needed to relocate away from Nottingham for work purposes in less than 2 months time he decided auction would be a good way to sell. Several suitable Nottingham auctioneers were contacted and a reserve price agreed upon. The property sold on auction day, giving John the opportunity to move house in good time and start his new job.
Inherited property
Louisa and her siblings had recently inherited a property in Tollerton, Nottingham from their mother. She and her siblings lived a long way from Nottingham and didn't want to waste time maintaining the property whilst they waited for a buyer through an estate agent. The property was in a poor state of repair and had not been updated for over 30 years, making it an ideal property for sale at auction. Once probate had been granted the property was booked into auction and sold within one month for considerably more than expected, thanks to the transparency of sale that auction offers.
Quick house sale
We often receive enquiries from property owners' looking for a quick house sale. Whilst many of the homebuyer companies offer a fast service, they don't offer anywhere near the full market value. We were approached by Hilary from Arnold in Nottingham, she was moving to the other side of Nottingham but her chain had recently fallen through and her sale was back to square one. A successful auction sale meant she was able to achieve a fair sale price in the quickest possible time and move into her new home in Hickling as planned.
Nottingham property auction listings
When choosing an auctioneer to sell your Nottingham property it can be useful to take a look at future auction listings in the area. You can view Nottingham property auction listings on Rightmove and Zoopla and if you keep an eye on the auctioneers website you will see what price the properties sold for.
Next steps - request an auction sale estimate
What price will your Nottingham property sell for at auction? Request a free and no-obligation auction sale price estimate, or call us on 0800 862 0206 if you have any questions.
