Connect UK says number of properties sold at auction is rising as stigma declines
We can be fairly traditional beings with preconceived notions regarding many facets of life. Selling a property at auction is one of these.
There are many myths that abound regarding property auctions, which are generally believed. Yet Connect UK Auctions has seen an enormous rise in the popularity of residential properties selling at auction.
The belief that a property is sold at auction only if it is distressed is no longer the case. Our clients are now driven by the need for convenience and time-saving, which is achieved by means of property auctions.
Selling through an estate agent can involve very lengthy and complicated chains. On average, in the UK, 35 per cent of sales fall through, at least once, causing enormous stress and financial cost to both vendor and purchaser.
Selling at auction gives our clients peace of mind. With the fall of the gavel, exchange of contracts is immediate with completion 28 days thereafter.
You as the vendor are protected by the reserve price which is agreed prior to the sale and spared frequent, unscheduled requests to show the property.Furthermore, you do not have to be involved in any negotiation process, which can be a time-consuming exercise.
Another important point to consider is that potential buyers are required to pre-qualify for financing, thus eliminating the wait involved when a purchaser applies for finance after making an offer and is ultimately unable to conclude the transaction if their application for financing is refused.
A pertinent point that should be noted is the fact that the purchase price may exceed your expectations, as competition among the buyers and the variety of bidding from numerous sources pushes up the purchase price, organically.
Sell fast, sell now with Connect UK, the specialist auctioneers.
For more details regarding selling at auction with Connect UK, please contact Robert Jenkins on 01293 528575.