Benefits Of Selling Your Property At Auction - Sharpes Auctions

There’s no such thing as a free lunch

We have all heard the popular adage at some point in our lives, “There’s no such thing as a free    lunch.” For the economists among you, the term was popularized by Milton Friedman, the free market economist in the 1970s, when he used it as the title of his book. For those of you who have not, what that means is that you don’t get something for nothing, or as northerners would say, “you don’t get owt for nowt.” It is thought that the phrase originated in nineteenth century America, with bars offering a ‘free lunch’ in order to entice patrons to their establishment. They had to buy alcohol prior to partaking of the victuals on offer.

While the phrase is usually correct, there is always an exception to the rule – Sharpes Property Auctions. What makes Sharpes unique is, unlike our competitors, we do not charge an entry fee to market your property at auction. What’s more, we operate on a no sale, no fee basis, meaning there’s absolutely no cost to you if your property fails to sell. That’s not the only advantage of selling with Sharpes.

What Are The Benefits Of Selling At Auction?

Fair and open process for both vendor and buyer - When a property is in high demand, the transparent nature of traditional auctions means that bidders can’t be gazumped at the last minute and the vendor manages to achieve the best possible price with competitive bidding. Setting a realistic guide price increases buyer interest and in some cases vendors can achieve more than they would if they sold it via private treaty.

Contracts are exchanged at auction - Once the hammer falls, the sale is guaranteed and legally binding and contracts are signed. Even offers accepted before or after the auction are all subject to the same auction conditions.

Secured Deposits - Together with exchanging contracts, buyers must pay a non-refundable 10% deposit on auction day, which is forfeited if they fail to complete. The balance of the purchase price is paid on completion.

Quick completions and certainty of sale - Sales can be completed in as little as a week to 28 days meaning you have a concrete timescale and no costly delays which is normally the case with properties sold via the traditional estate agency process.

 Extensive marketing - Our auctions are held on a regular basis. The frequent nature of property auctions means that we carry out intensive marketing both online through social media and property portals and via our full colour catalogue. Furthermore each property benefits from our highly visible and distinctive auction boards which maximise purchaser interest. We also have a database of investors that we keep updated with new properties on the market.

If you have a property to sell, you have nothing to lose. Call the Sharpes auction Yorkshire team now on 01274 731217 or the North West team on 0161 302 9782 for a free appraisal of your property or visit www.sharpesauctions.co.uk and fill in our online appraisal form.

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