In general, before you decide to put your property up for auction, it is worth asking yourself whether or not it is the best route for you, because certain types of properties fair better using this method than others. A prime example of this would be if your property hasn’t been properly looked after and is slightly run down, then it would be better suited to being sold at auction, as they tend to attract buyers who are looking for a renovation project.
There are a number of reasons as to why you would sell your property through auction; for instance, you might want to sell in a hurry and make a quick and uncomplicated sale, or you may be moving abroad. It could be that your property is unique and would be difficult to sell through conventional methods, but going through the auctions could help you identify a fair price as well as promote it to a number of different buyers.
Another reason why you may want to go through an auction is if you have a commercial property, for instance, as it is more than likely to generate a lot of interest among buyers. The property market can be quite unfair in terms of the prices that are being touted, but auctions tend to attract buyers who understand the value of a property and pay a price that reflects its true value.
When it comes to selling your property at auction, it can be a very worthwhile experience, but as with most ventures into the property market, it can also be very troublesome, and without the right help, you could find that you are losing out on profit. Fortunately, there are ways around this, thanks to the team here at Roger Hannah Auctions, as we are experts in property auctions and even have our own dedicated commercial auction in the North West and Manchester areas. If you are interested in making the most of your money and want some sound advice, then contact us today on 0161 817 3399 or visit our Auction Page and together we can get you a better deal.