Can I auction my property?
Most property is suitable for auction and depends on the realistic reserve price agreed on. However certain types of property are more suitable to go under the hammer than others. For instance, commercial property that requires renovations and refurbishments will draw more interest from a large number of builders and property investors who more than often attend auctions, and these may offer a better price than selling through a property broker or some real estate agent.
Auctions are also a great way to sell property which is normally difficult to put value on. By initiating a realistic reserve price, the auction process will enable bidders to compete against each other based on their individual impressions and perceptions of the property’s value. This generally determines the real market price.
How do we market your property?
Lansdowne Auction strives to achieve the best possible price for your property. We are able to achieve this because we gain access to a wide range of private and professional buyers. Upon inspecting your property we’ll prepare a set of details and publish them on the catalogue section of our website. These we will distribute to our nationwide audience via post and email. Our property gets featured on the Estate Gazette and Evening Standard as well as all the major property portals including Right Move, Zoopla and prime location.
What about contracts?
To get the best possible advice about your property, please furnish us with your address and a description of the property as well as any other relevant details. We will then provide you with a non-contractual appraisal on whether your property is suitable for sale or not. If your property is suitable for auction and a reserve price has been agreed on our team will guide you through the rest of the process.
What happens after the auction
After the binding contract is put into effect (we do not set a reserve price until just before the auction , as we want you to achieve the maximum price for your property), there can be no negotiations thereafter. Completion of property sale will normally be done in 20 days.