Auction House

Auction House East Herts and West Essex is the Region’s newest auctioneer. They draw Lots from all parts of East Herts & West Essex. If you have a property that could be suitable for ‘sale by auction’ you should seek their advice and assistance.

There are many different types of property that sell well at Auction, and if you have one that falls into any of these categories you certainly should consider the Auction route:
Properties for Improvement – these make popular lots and area always in demand from refurbishment specialists and private buyers.
Tenanted Properties – residential houses and flats with tenants in residence sell well at Auction, as the best buyer will be another landlord.
Residential Investments – houses in multiple occupation and blocks of flats are regularly sold at Auction.
Development Propositions – derelict farm and empty commercial buildings, property with conversion or change of use potential are ideal Auction lots.
Building Land – there is usually no better way of achieving best price for a building plot or parcel of development land.
Mixed Use Properties – twin use properties and those with a variety of future uses are ideal for sale by Auction.
Commercial Investments – retail shops, industrial units, garage blocks and parking areas have recently been successfully sold by Auction House.
Unique Properties – sought after property in prime locations and rare unusual properties often benefit from sale in a competitive bidding environment.
Amenity Land and Other Property – we are able to paddocks, meadows, fields, moorings, city amenity land and other unusual land parcels.

Confidence in the Auction method of sale is growing but there are still a large number of sellers who do not appreciate its merits or realise that their agent is duty bound to consider this alternative approach. Auction House has been set up to enable any seller and all local agents in this area to “Sell by Auction”.

Why Sell by Auction

Speed – there is no faster way of selling, as little as six weeks from instruction to exchange.
Chance of Success – you are more than twice as likely to sell at Auction than by Private Treaty.
No fall-through - your sale is certain; when the hammer comes down you have exchanged contracts.
Higher Profile Marketing – your property will be intensively advertised in the local press and on high profile specialist websites.
Open House Viewing Days – each hosted by a member of our auctions team who can talk knowledgeably about what your property offers.
Competitive Bidding – our aim is to generate interest from two or more prospective buyers and to encourage them to bid against each other.
Best Price – often properties achieve a price in excess of Guide, and you can be sure that you’ll get its Best Price on the day.
Continued Tenancy Income – investment properties are regularly sold with tenants in situ, so rent is received by the seller up until completion, and the buyer from then on.
No Re-negotiation – with Private Treaty the price agreed often isn’t the price you finally receive, with Auction it always is.
Time Scale – from the outset you know the Auction date and legal completion will usually be set for 28 days thereafter.

Why Buy at Auction

Chance of a Bargain – it is just as true of property auctions as it is for furniture and antiques. TV programmes confirm this and clearly demonstrate their public appeal.
Certainty of Success – if your hand is up when the hammer comes down the property is yours and no one can step in and take it away from you.
Speed – the process is quick and easy, there’s a fixed known time scale including time to evaluate the property and obtain professional advice.
No Hidden Surprises – all relevant legal, planning and lease information is provided in an easily accessible manner, plus advice when needed.
Level Playing Field – everyone has an equal chance at Auction both in the room and by prior bidding if desired, nobody gets preferential treatment.
Right Property and Right Purpose – buyers know what they want and quite often an auction lot offers that opportunity, be it an investment, a project or your ideal next home.
Publicity Ensures Awareness – you’ll hear about an auction property just as soon as others do, it will be advertised in the paper for all to see.
Competitive Bidding – often buyers get a property knocked down to them at less that they were willing to bid up to.
Immediate Tenancy Income – if you buy a tenanted property you will start receiving rental income from the day of completion.
Temporary Financing –specialist short term lending options can achieve completion with temporary funds prior to arranging preferred long term mortgage finance.

Our East Herts & West Essex auctions invariably contain a variety of property types, something that should be of interest to most if not all comers. We send our Auction catalogues far and wide, and our website http://www.auctionhouse.uk.net/westessexandeastherts is hugely popular. Why not add it to your favourites to keep yourself regularly informed or call our Office on 08000 126714 for the latest information.