As the only registered commercial property auctioneer in the Manchester area, we are able to have a complete overview of the marketplace for both private and commercial clients, so if you are looking for the best information, let Roger Hannah & Co help. We can help you in a number of different areas, such as property valuations, rental valuations and property management, to make sure that you are fully aware of what to expect at auction.
How does a property auction work?
If you are considering making a sale or a purchase at a property auction, then it helps to have an understanding of how they work. Property auctions can be a great place to find a bargain, but there is a lot more to it than simply turning up and placing the highest bid. With that in mind, here are a few pointers that could help you at your next auction:
- Finances: Before going to auction, you should make financial arrangements to ensure that you have enough money on hand to make a deposit on your desired property
- Look around; you will have a general idea of what property you are looking for, but you shouldn’t put all your eggs in one basket. Do some research and you could find a hidden gem
- Making a bid: it is vital that you catch the eye of the auctioneer by making subtle movements and indications; otherwise, you may miss out – make yourself noticeable and time your bids to discourage rival bidders
- Be prepared. If you are sure about purchasing a property, then you should bring at least two pieces of identification with you to verify the deal.
Roger Hannah & Co are experts in property auctions
When it comes to property auctions, it can be difficult to understand what is required in order to make a shrewd investment. If you are unaware of the market, then you will not understand the true value of a property, which could ultimately leave you out of pocket and in a financial rut, so having some insider knowledge can help make your purchase more secure.
Here at Roger Hannah & Co., we believe that not every property is suited to being sold through a private treaty, and thanks to our team of experts, we are able to find you the best deals through our own auctions based in the Manchester area. For more information about how we can help you, simply contact us today at 0161 817 3399.