With Brexit causing uncertainty cross all sectors the auctioneers Auction House are reporting that vendors are saying that they want to sell this tax year and before Brexit Day and expect entry levels for the first quarter to be strong.
Ian Bythell our Residential Director said “We sold just under 80per cent of all the properties we took to auction last year which is a significant increase on the previous year and it’s proving more and more popular every year. No one knows what will happen to the value of the pound after Brexit so selling via auction can be especially useful if you’re looking for a speedy sale”
Modern method auction offers a secure method of selling a property, providing a platform for exposure whilst you retain control of the process. All properties are sold subject to a reserve price and your property won’t sell for less than your agreed amount meaning you are in control of the price you accept.
Ian added “Demand from multiple buyers can help quickly drive up the price, especially when they’re all in the room together desperate not to miss out on the property. And properties old nowadays via auction can range from £4,500 up to £275,000 so homes right across the spectrum do well at auction”