When buying through auction it is extremely common that a buyer’s premium fee is payable on the fall of the gavel. People often hear all these separate fee’s and wonder if buying at auction really is as profitable as others say, and honestly, do your due diligence and it is. We sold a flat in …
Buying through auction is momentous. Auction day is always full of excitement and anticipation and being the highest bidder on a lot can be extremely rewarding. Firstly, depending on your bidding method, whether remote or in the room, the process of exchange is slightly different. If you were bidding in the room and are the …
As a property trader your ultimate goal is to add value and sell for a profit. This is where the old saying ‘buy low, sell high’ originates from. Welcome to Connect UK’s Auction Academy – Here to answer all your property auction questions. If you’re looking to flip a property, then you are a property …
Property Traders – What to look out for when viewing auction property Read More »
The simple answer to this question is no. There is no cooling of period for either buyers or sellers once a contract has been exchanged. Welcome to Connect UK’s Auction Academy – Here to answer all your property auction questions. So, what does ‘no cooling off period; mean for you? When the gavel falls it …
Is there a cooling off period when buying or selling at auction? Read More »
The reason a survey is instructed is to satisfy not only the mortgage lender that a property is worth the price you are paying for it but also peace of mind for yourself. Welcome to Connect UK’s Auction Academy – Here to answer all your property auction questions. So, should you have a survey carried …
Do I need to do a survey on the property I’m interested in? Read More »
On average, 1 out of every 3 private treaty sales fall through. Crazy right? With over a million houses selling every year in the UK, that’s three hundred and thirty-three thousand that will fall through at least once! And let’s be honest… anyone who is a homeowner knows the stress of the journey. Welcome to …
Can my property fall through when selling at auction? Read More »
When selling through auction your timeframe is paramount. Generally, the reason you come to an auction in the first place is the motivation of speed, so a 28-day completion is a major influencer when choosing your method of sale. Welcome to Connect UK’s Auction Academy – Here to answer all your property auction questions. When …
Many always think that people sell through auction because their house is falling down, right? Or that it’s in such disrepair only someone that has either deep pockets or knows what their doing is a potential buyer right? Homes under the hammer style? No… no… no! This may have been the case years and years …
Statistics show that the majority of property and land sells first time through auction. If a property is suited to auction, it will fair well in the room. However, there will always be one or two that slips through the net and this is where post auction offers come in. Welcome to Connect UK’s Auction …
Inheriting a property from a family member when they have passed away can be an emotional experience. Loss is something we all go through at some point during our lifetime and with up to 40% of the population set to inherit at some point during their life, research shows that a huge 70% of those …
