A house in Newtown Linford in Leicestershire has sold for £103’000 above its reserve price on 14th June. The property is situated in a popular and desirable location and spans 0.37 acres and was sold at auction for 5 times more than the asking price.
The Modern Method of Auction is an innovative new way for homeowners to sell their home at close to (at least 85%) or above market value with completions guaranteed within 28 days. If the sale falls through, the buyer still gets paid and, best of all, the buyer doesn’t have to pay a penny to sell their home.
Of course, there are many misconceptions about selling at auction. Some of the commons misconceptions heard by Harry Albert Lettings & Estates, a Leicester letting and estate agent who specialise in selling properties at auction are:
- Properties that sell at auction are in such a poor state, they wouldn’t sell on the open market. Wrong.
- Properties sold at auction are usually those that have been repossessed or otherwise distressed. Wrong.
- It’s too expensive to sell my home at auction. Wrong.
- We might earn less when selling our home at auction. Wrong.
- My home is unsuitable to be sold at auction. Wrong.
As you can see, the above misconceptions are entirely wrong. Properties that are sold at auction are done so usually because the seller doesn’t want to wait for their property to be stuck on the market for months on end meaning any chain purchases they’re part of may fall through because other buyers may take a while to complete. Any property is suitable to be sold at auction, regardless of condition. Land and commercial premises can also be auctioned through Harry Albert Lettings & Estates.
One property sold through auction by Harry Albert Lettings & Estates was brought to auction because of the freeholder needing to leave the country. The freeholder volunteered abroad providing medical services to those impacted by war and, after having several issues with buyers pulling out during private treaty sale, the freeholder of the property turned to Harry Albert Lettings & Estates with the intention of selling fast for whatever she could get for it. This property sold for £10’000 more than she was offered by the last potential buyer who pulled out of the deal at the last minute before the property was referred to auction.
No other auction provider in the UK & Ireland offers such a complete and comprehensive range of property auction services for estate agents to offer to their buyers and sellers. Together, Harry Albert Lettings & Estates and their auction partners hold both live and online auction events nationwide whilst providing local knowledge and expertise throughout the country.
Another property, this time in Nuneaton on Mount Street (left), was on the market with Your Move for nearly a year before the Leicester homeowners got fed up of seeing properties they’d like to buy come and go because there wasn’t a buyer in place for their property and asked Harry Albert Lettings & Estates to refer the property to auction for a quick sale within 56 days from referral to completion with completion happening less than 28 days after the hammer fell.
The Nuneaton property was listed with a guide price of just £45’000 and the first bid brought the asking price up by two thirds (66%) before the property sold at more than double the price it was listed for.
So, next time you’re looking to sell your home, consider Harry Albert Lettings & Estates and their modern method of auction and see how fast they can sell your home for the best price possible.
- Affordable Property Management: https://www.leicesterlettingagent.co.uk
- 6 Things Your Agent May Be Dishonest About: https://www.leicesterpropertyinsight.co.uk/6-things-letting-agent-may-not-honest
- Find out more about selling your home at auction: https://www.harryalbertgroup.co.uk/auctions