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Sell House at Auction

Selling your house at auction is becoming a more popular way of trying to sell your home.

Home owners desperate to find a buyer have the impression that everything sells at auction. It is also assumed that a house auction will provide a quick house sale and a good cash price. However the reality in current market conditions is often very different.

If you are considering selling your house at an auction house sale, then reconsider: Quick Move Now is a viable alternative to selling a house at auction.

To find out more about selling houses at auction and how Quick Move can assist those requiring a quick house sale please read on. Alternatively if you would like to receive an indication of what Quick Move could offer visit online estimate.

How does a house auction work?

• Houses are offered as lots
• Auctioneer starts bidding at guide price
• Bids are taken from registered bidders
• If the pre-set reserve is not met the property goes unsold
• If a bidder is successful they are legally bound to buy and the vendor to sell
• Deposit payable immediately (normally 10%) with completion within 28 days

Negatives of selling houses at auction:

• Fee to join auction to cover valuation/listing
• Auction fee of 1.5% to 3% is also payable if you sell your house
• No guarantee your home will sell by auction. Recent auctions have seen 50%+ of lots going unsold
• Buyers at auction are usually professional house buyers looking for a bargain.
• Most auction sales are below market value. In current market conditions many houses are selling at up to 40% below market value
• Fewer investors are looking to buy. Due to the credit crisis many cannot secure lending. Those with cash are buying less while they wait for the market to bottom out
• Homes that don't sell may become blighted making them even harder to sell
• Property type and value affects success at auction. Higher value homes with lower potential rental yield normally get less interest
• House auctions generally cover a wide area. Property outside the main catchment may struggle to sell by auction
• Your home should be listed well in advance of the auction. Potential buyers need time to visit your home and to undertake legal and survey checks. Insufficient time will lead to less interest on auction day

Luckily there is a way to guarantee a quick house sale:

Quick Move are the UK's leading professional property purchasing company.

Operating independently since 1998, we have bought over 2,500 homes from clients needing a fast, secure and efficient house.

As cash buyers of property we can offer the speed and certainty you won't get from the open market or property auction.

If you wish to learn more about the company visit About Us and read our Ethical Charter.

The advantages over selling at auction:

• Faster-We can purchase within 7 days if necessary.
• Certainty-Many properties do not sell at auction. Quick Move will consider any residential, mortgageabale property on UK mainland.
• Cost Savings-You can avoid usual sale costs. No auction fees, No HIP fee and No solicitors costs.
• Cash-Many sales at auction are up to 60% of market value. Currently Quick Move are able to offer up to 85% of your homes value.

To learn more about the services numerous benefits and how we make our offer please follow the links.

How to sell your house quickly:

If you are looking for a quick house sale, contact us on 0800 068 3366.

You can also complete our simple on-line estimator - this provides an instant estimate of what our cash offer might be for your property.