Selling a flat via auction - help!

Notice
Thread ordered by most liked posts - View normal thread.
Kim Mild

Kim Mild

VIP Member
My husband sold a property via auction. (A house)
He used Pattinson, who have separate auction agency.
It wasn't as straightforward as the agents said it would be and took 6 months from being listed to completion. There were a couple of months it didn't have any bids and he had a buyer who dropped out .

It was a chain free developer who bought it , so it might have been quicker to sell it the traditional way.
 
  • Like
Reactions: 1
W

WilmaHun

VIP Member
Selling via auction is always a bit of a headache, I'm afraid! Although from your point of view, it's much more risky as a purchaser of an auction property than it is as the seller, I would suggest speaking to a couple of local agents who deal in auction properties and get quotations from them then decide who you like best!
 
  • Like
Reactions: 1
panda_eyes

panda_eyes

VIP Member
Does anyone have any advice on selling a flat via auction? My partner has a flat that really needs to just be SOLD so we only have one property worth of bills. We'd like a quick sale, it's leasehold (I think there's 66 years left) and recently had a leak come through from above which has stopped now. The thought of us fixing it all and refurbishing is too much price wise and time wise. The cost of extending the lease (minimum extension of 99 years is £8k). No cladding on outside, it's a 2 bed in a small north east town.

Can anyone recommend an auction property specialist, or should I go with a local estate agent that does auctions? I'm not really sure how they work.

Thank you 🙂