Its Hammer Time! Bramleys 1st Auction Of The Year Sees Record Turnout

Its Hammer Time! Bramleys 1st Auction Of The Year Sees Record Turnout
3rd March 2016

The first auction of the year on the 2nd March at John Smith's stadium at Huddersfield saw us start the evening with Lots 1 and 2 in Halifax having received over 200 viewings between them!

This was of course the last auction which would allow successful bidders to purchase and complete prior to the increase in stamp duty levies on additional properties including buy to let. For this reason and the lots that we had to sell we expected it to be a very busy one.

Before the auction we set the room up, including putting the legal packs containing all the documentation for each lot out, and making sure we are organised.

Our auctioneer Andrew Moorhouse has been running property auctions for many years and the whole evening runs like clockwork under his expert eye, and the experienced sales team from the Bramley's offices.

There's just time for a quick bite to eat behind the scenes, as all of the Bramleys staff and the local solicitiors, have come straight from work and no one will get home until late.

The room is absolutely packed out ready for the 7pm start, we have a quick catch up to make sure everyone knows their roles, the legal packs are collected in and Andrew gets the sale underway.

There is a wide range of property styles and prices available tonight which always makes for a successful night, something for everyone to use a cliche!

As predicted the first 2 lots in Halifax receive many bids and sell for well in excess of their guide prices. The owners will get a very welcome call to let them know the good news!

We then have another 12 lots go under the hammer. Its fast moving organised stuff and we have wrapped up all the bidding just before 8pm.

One hour and we have eleven properties sold. The room empties and the pack up starts whilst the solicitors finalise their paperwork with the successful bidders.

So why do we sell some properties at auction and is it a good way to sell?

Andrew sums it up:

  1. The vendor is assured of obtaining the best price available.
  2. If the bidding reaches and exceeds the reserve price on the fall of my gavel that is a legally binding contract with completion in 28 days offering certainty of sale.
  3. Both vendors and purchasers are working to a specific date.
  4. The majority of properties are purchased without mortgage/bank finance, ie, cash buyers.  

Here is a link to the results from the auction:

For advice on selling your home, get in touch with us for a chat, we utilise many different options to get you the best price we can. It really does pay to use an experience estate agent.

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