Auctions
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NEW VENUE FOR 2010
Following the success of our property auctions in 2009, we will now be holding this years sales at The Oak Room, The Old Town Hall, High Wycombe. This will be the first time for many years that property auctions have been held in the town. The Oak Room is the former council chamber, and with its oak flooring, oak panelled walls and stained glass windows should provide an excellent venue for our property auctions throughout 2010.
ENTRIES NOW BEING TAKEN FOR OUR NEXT AUCTION SALE ON :
28th SEPTEMBER 2010
CALL US ON 01494 474234 FOR ADVICE ON SELLING BY AUCTION
Recent Auction Sale Results
July 2009 : 8 Lots sold : Total Raised £1,776,000 : % Sold 89%
March 2010 : 8 Lots sold : Total Raised £1,857,500 : % Sold 100%
June 2010 : 8 Lots sold : Total Raised £2,137,00 : % Sold 73%
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 auctions@thompsonwilson.co.uk
If you require advice on selling a property by this method then please contact Richard Worrall on 01494 474234/01494 453010 or by email as above.