Contacting the property sales experts at Auction House London
Launched in 2011, Auction House London claims to hold the greatest number of commercial and residential properties each year compared to any other UK auction house. For example, its website says that during 2018 it sold exactly 4,957 properties – a total that it says represents more than 1,000 properties beyond what its nearest unidentified rivals sold that year. Auction House London now proclaims to be one of the biggest five residential UK property auctioneers.
The company promises a "modern and dynamic" approach to auctions for all types of sellers, whether it’s corporations or independent owners of residential and commercial properties. It relies heavily on internet marketing to promote the properties that it auctions, using online advertising as a way to generate the most possible interest in the homes, shops, and other properties that it sells. But it balances this approach with an ongoing use of offline methods for helping to build interest in properties in order to achieve the best possible auction results.
Auction House London is also the two-time winner of the Residential Auctioneer of the Year award at the 2013 and 2015 Negotiator Awards, which is an annual event offering awards to companies in a number of categories in the residential property market, including house and flat auctions.
Telephone number: 020 7625 9007
Email: info@auctionhouselondon.co.uk
Website: https://auctionhouselondon.co.uk/
Address: 5 Hampstead Gate, 1a Frognal, Hampstead, London, NW3 6AL
Information to discover about selling properties via an auction
An auction is one way to sell your commercial or residential property, along with using the services of an estate or selling to a quick home buyer. Some owners like auctions because of the possibility that they might get a final sale price which is far higher than they might have been able to achieve through other methods of selling. They hope to secure a strong sale price by having a number of people interested in buying their home, and so at the auction they will keep aiming to outbid each other by offering ever-increasing prices for the property.
Still, it is entirely possible that you might attract minimal interest in your property and only receive the opening bid, which is known as the reserve price. This is the minimum level at which you are willing to sell your property, and it is often set at a level below what the property could get via other methods. That’s because the strategy is to get the attention of as many buyers as possible, hoping that their interest remains at the auction so they try to outbid one another.
Whenever you’re selling a property, it’s vital that you prepare a valid budget for the sale. Be sure to account for the fees that an auctioneer will make you pay for selling your home, so that you can subtract these from the projected profit that you might be able to make from the sale. Still, even though auction houses will charge you commission for their work, there are situations in which it’s possible to make the winning high bidder pay these fees instead of the seller.
Answers to queries about selling a property with Auction House London
The company schedules auctions throughout the year, typically every two months or sometimes as often as once a month during peak property sale periods. You can find Auction House London’s latest auction dates by visiting auctionhouselondon.co.uk
It depends on when you list your home for sale through the auction, but you might have a wait of a few weeks after that until the sale takes place. And if you get a buyer for your home, the purchase will often complete within a month of the auction occurring.
According to its website, the company routinely achieves a high sale rate at every auction, with property sales worth several millions of pounds. For example, its September 2021 auction had a 75 percent successful sale rate with more than £24 million in transactions.
