WHY SELL AT AUCTION?
There are many different reasons why our clients choose to sell land or property by auction but the most common reason is probably "certainty" Once the gavel falls, the purchaser is committed to completing the sale within 20 business days.
Guy Charrison, our auctioneer explains:
2014 has been another excellent year for Thompson Wilson auctions. Why not get 2015 off to a flying start by arranging for a free no obligation valuation. Just call the auction team on 01494 453010.
Auction Email Notifications
Our next auction is currently being planned for Spring 2015 so if you would like to receive email notifications about our auctions, please send your email address to email@example.com
December 2014 Auction
If you are still interested in any of the properties which did not sell at our December auction, please contact us for more information or to arrange a viewing.
Why do our clients sell at auction?
ARE YOU A VENDOR WITH A SALE THAT HAS FALLEN THROUGH?
ARE YOU LOOKING TO SELL BEFORE CHRISTMAS?
HAVE YOU A PROPERTY WITH A SHORT LEASE?
HAVE YOU A PROPERTY THAT IS UNIQUE IN ANY OTHER WAY?
If any of these situations sound familiar to you, why not speak to us about putting your property into our next auction. We are into our sixth successful year of selling by auction locally, with many properties achieving prices above the guide price. Previous results are available further down this website as well as a pdf guide to selling at auction.
Or why not pick up the phone and discuss why selling under the hammer could be right for you.
Buying at Auction?
Just Follow Our Guide
If you are thinking of buying a property at auction, why not pick up some tips by reading our guide to buying at auction.
Please click on the attachment below or call us on 01494 474234.
Auction Results - October 2014
It was another busy room with a high level of bids and both lots sold above the guide price.
Unfortunately due to late legal packs two lots did not sell on the day but we have had a lot of interest since the auction and are hopeful to secure sales after the event. Results of yesterday's auction are shown below.
A video summary of the auction can be found by clicking on the following link:
If you are interested in any of the unsold lots, please contact us so that we can arrange a viewing and provide you with details of the legal pack.
Lot 1 - sold under the hammer for £260,000
Lot 2 - did not reach reserve although negotiations still taking place
Lot 3 - did not reach reserve although negotiations still taking place
Lot 4 - withdrawn prior to auction
Lot 5 - sold under the hammer for £118,500
We are already planning our next auction for December 2014, so if you have a property to sell, why not contact us to discuss which method of sale is right for you.
Another Successful Auction
Auction 5th December 2013 - 1pm
Thompson Wilson are pleased to confirm that all NINE lots were sold at our December auction. One sold prior to the auction and the other 8 were sold under the hammer on the day. A fantastic 100% record for this auction which equates to over £1.8M worth of sales.
Interest in the room was high with well over 120 people eager to bid. Most lots sold above their guide price with Lot 2 achieving a staggering £52K above the guide price. The four properties in Benjamin Road were also popular with both investors and home buyers making purchases.
A link to a video summary from our auctioneer Guy Charrison is shown below:
Actual values achieved for each lot can be viewed on the EI Group website:
Have you read the article in the Bucks Free Press on selling by auction?
Going, Going Gone!
Please click on the pdf below or follow the link to read more about selling by auction:
Or call us for a chat to discuss the benefits of selling by auction.
Wednesday 29th May - 1pm
Bidding got off to a good start with plenty of interest in Lot 1 finally selling for £30,000 above the guide price. Another 2 properties were sold under the hammer on the day with another sale secured post auction.
A catalogue of the properties is shown below and detailed results can be viewed by clicking on the link to the EI Group below.
It was another successful auction for Thompson Wilson with near to 100 prospective purchasers in the room waiting for the hammer to fall.
On the day we sold 3 of the 6 lots under the hammer and have successfully managed sales on 3 other properties since the auction.
A full list of all the properties can be found in the auction catalogue and a link to a summary interview of the day with our auctioneer Guy Charrison on Youtube is shown below:
Our December Auction
Our December 11th auction was another success and despite the cold weather there was a crowd of at least 70 bidders. We managed to sell 3 of the 6 lots and with much interest in the unsold properties, we are hopefull of finalising these before Christmas.
This equates to over £3M worth of property sold at auction this year, and with a number of property owners already enquiring about our next auction, we are looking forward to a great 2013.
Full results of the December auction are shown below:
Latest Auction Results 2012
Date Lots Offered Lots Sold Raised
December 6 3 £436,950
September 10 7 £1,494,000
March 5 5 £1,077,750
Our September Auction
Our September 18th auction had a lot of interest in the room with nearly 150 bidders looking to purchase. It saw property sales of almost £1.5M on the day with 7 of our 10 lots being sold under the hammer and 2 more sold by private treaty after the auction.
We generally hold our auctions every quarter and are looking forward to our next one in December.
2011 Auction Results
2011 was a tremendous success with just over £4.77M worth of property selling at auction with 80% of the lots being sold.
Date Lots Offered Lots Sold Raised
February 9 8 £1,785,100
April 6 5 £680,000
May 2 2 £337,500
July 3 2 £414,000
September 5 4 £912,000
November 9 6 £644,000
Buying & Selling at Auction
Over recent years, buying properties at Auction has become a more popular method of purchase. The main advantages for buyers are certainty, control and transparency. As a purchaser you are in control deciding when to bid and how high or low you wish to go. A purchaser is able to buy the property at a price that was achieved competitively against other bidders in the transparent process, and if your bid is successful then the property is yours on completion, the vendor cannot withdraw. Secondly, it is possible to buy properties quickly. If you are well organised, properly advised and have the requisite financial resources, you can exchange contracts in a matter of days.
If the Auctioneer is following RICS common auction conditions completion will be 20 working days after the auction.
You may find properties are on offer with attractive low guide prices, although the eventual sale price will be determined by the level of competition in the room.
The advantages of selling at auction are:-
1. Firstly, certainty, properties are not sold on a, subject to contract, basis in the same way as happens via a traditional estate agency method of sale.
The successful bidder is legally obliged to complete the sale once the gavel falls.
2. Secondly, there is good marketing exposure as our auctions are well advertised in the local and trade press.
3. Thirdly, a good sale price. With a set guide price property should achieve the best possible marketing price and also the speed.
The sale is relatively quick and completion will usually take place 20 working days after the auction.
Should you wish to be placed on our auction mailing list, then please send your email to firstname.lastname@example.org
If you require advice on selling a property by this method then please contact our auction department on 01494 453010 or by email as above.