Selling your property at auction provides certainty of a sale, reduces anxiety and delay as on the fall of the auctioneer's gavel, both the buyer and the seller are contractually bound to the sale and it is completed on the day of the auction. Please see our latest video on Buying and Selling Property at Auction which explains the process.
Also if more than one person is interested in your property and there is strong competition between would be buyers, an auction can often achieve a premium price.
Certain types of properties are ideal for auction, particularly those that are in need of modernisation, or unique and individual properties where no recent market comparable value is available.
Properties to be considered for auction include:
- Investment properties
- Commercial shops and offices
- Industrial units
- Properties in need of modernisation
- Land
- Unique and individual properties where no recent market comparable is available
- Properties with structural or legal issues
At FSS we have a wealth of experience of selling all types of properties by auction and our professionally qualified auctioneers can advise you whether residential, commercial or investment properties, land, individual building plots or properties for re-development and modernisation.
We have been running land and property auctions for over 20 years and have built up a substantial database and online presence in the auction industry, meaning that the auction and your property will be well marketed both in the Harrogate area and around the UK.
We are required by law to conduct anti-money laundering checks on all those selling or buying a property. Whilst we retain responsibility for ensuring checks and any ongoing monitoring are carried out correctly, the initial checks are carried out on our behalf by Lifetime Legal who will contact you once you have agreed to instruct us in your sale or had an offer accepted on a property you wish to buy. The cost of these checks is £40 (incl. VAT), which covers the cost of obtaining relevant data and any manual checks and monitoring which might be required. This fee will need to be paid by you in advance of us publishing your property (in the case of a vendor) or issuing a memorandum of sale (in the case of a buyer), directly to Lifetime Legal, and is non-refundable.