Property auction sales remain popular and an accepted alternative to private treaty sales and offer a quick and straight forward method of either buying or selling property and the process is particularly well suited to those which would normally be considered problem properties.
Selling at auction eliminates problems such as gazumping, late renegotiation of previously agreed deals and reduces property chains. The condensed marketing period provides some certainty with regards to the outcome, with the fall of the hammer representing the exchange of contracts, completion within 28 days is near guaranteed.
Auction is suitable for most property types and Bramleys have enjoyed success in offering residential building land (from single plots to larger estates), tenanted, commercial and residential property (including ground rents) and vacant residential properties, particularly those requiring refurbishment, renewal or modernisation. Auction also remains suitable for commercial property sales, particularly for income producing, tenanted investments and development opportunities.
Bramleys schedule four property auctions per year and these are held within the heart of our operating region at the John Smith's Stadium, Huddersfield. 100% success rate has been achieved on multiple occasions and sales raising in excess of £3,513,750 million for vendor clients.
Bramleys auction team is headed by Andrew Moorhouse FRICS who has 35 years' auction experience and personally appraises all potential lots to ensure the best and most professional advice is offered to all vendor clients.
Most properties are suitable for sale by auction. However, auction may not always be the best route to market. We will advise you if we feel that there may be an alternative method of sale which might better suit you or the property.
Certainty of sale – Selling a property at auction offers an exceptional degree of certainty. A binding legal contract is formed on the fall of the hammer. The buyer is committed and no further negotiation is allowed.
Best price – If prepared properly a property auction should generate a number of bidders for each property. The atmosphere created can be extremely exciting and the process of competitive bidding will help to achieve best price on the day.
Speed – The entire process, from instruction to exchange of contracts, can usually be concluded within as little as four to eight weeks.
Transparency – A property auction sale is totally transparent and provides the seller with the assurance that the best possible price has been achieved in open competition.
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