The idea of selling at an Auction seems like a risky proposition to some. However others look at the benefits of a quick sale and competitive bidding to be a risk worth taking. With the housing market falling and property not selling as easy as a year ago. Some people are tempted to sell their house at an auction, however there are winners and losers. You are legally bound to the price once the hammer has fallen. It is then to late to withdraw the sale if you are unhappy with the price you are getting. We have looked at the auction process in close detail and want to make you aware of the benefits and downsides to taking your property to Auction.

Benefits

• May get a quick sale
• No room for gazumping or re - negotiation
• Competitive bidding can drive the price up

Downside

• House may not sell but fees must be paid
• Auctioneers will take 1.5 to 3% of the sale if it sells
• Solicitor fees still need to be paid
• Buyers look for bargains at auctions, price could be very low after fees
• Percentage of house sales at auction down on a year ago

  These are the arguments for and against an auction sale. However if you want a guaranteed offer without strangers coming round to your house for weeks and the time delay in waiting for the auction plus the fees click sell house fast for your free valuation and cash offer or call us now on 0800 6128438.