Contact Network Auctions if you’d like to auction your property
Claiming to combine local expertise with national coverage, Network Auctions says that it has enjoyed years of success with selling all possible types of properties throughout the UK. And the company makes clear that it believes virtually any kind of freehold or leasehold and residential property can be sold at auction. It justifies this statement by citing its lengthy history with selling many types of properties regardless of any legal problems or structural issues.
Network Auctions says that several features of its auctions make it a great choice when trying to sell a property, including that it strives to get the best possible price for properties that it sells. The company’s website also promises a speedy sale, with the buyer committing legally to exchange as soon as the auction ends, backed by a 10 percent non-refundable deposit. And it also says that auctions remove the stress of negotiating property sales via other methods.
The company’s auctions take place online, and you can register via its website to take part and place bids virtually, telephone, or a proxy bid where you specify your maximum intended bid for a property. Network Auctions also makes its catalogue of upcoming auction properties available online, so that buyers are able to browse through them before an auction takes place. The listings include a property description, photographs, maps and the minimum opening bid price.
Telephone number: 020 7871 0420
Email: auctions@networkauctions.co.uk
Website: https://www.networkauctions.co.uk/
Address: 42-44 Clarendon Road, Watford, Hertfordshire, WD17 1JJ
Auctioning a residential property: what you need to know
Auctions can be a great choice for a property owner looking to sell whose residential building might have an unusual feature or some other aspect that could be considered a hindrance to finding a buyer. For example, the list of many different properties that have sold at auction includes flats with cladding , houses with major structural problems including dry rot or subsidence, homes where the owner cannot find important documents such as the title deeds, flats that have sitting tenants, homes located near airports, and a number of other examples.
When you auction your property, you will have to agree to a minimum reserve price. This is the lowest possible value with which you’re comfortable selling your house or flat, and it might be the only bid you receive.
One tip to remember is that even though auctioneers will initially charge you commission, in certain sales it may be possible to have the winning high bidder contribute to these costs through the use of special conditions of sale.
Answers to questions you might have about Network Auctions
Network Auctions appears to host property auctions at least once every two months, and sometimes more frequent. For the most up-to-date list of pending auctions, and to register for future auctions, visit www.networkauctions.co.uk
Potentially. The company makes clear on its website that it has previously managed to successfully auction residential properties with structural defects.
Yes. Network Auctions considers any qualifying bid on a property to be a legally binding and enforceable agreement to purchase the home and to exchange contracts at the time the auction concludes, and it charges a 10 percent non-refundable deposit as part of this process.
