https://www.thelandsite.co.uk/files/articles/4dd70e088de811eaba390afeec538f48/1175-6229c502c47e4126262459.jpeg 306

Why Consider Property Sold at Auction?

Posted by Connect UK Auctions on 10th March 2022 -

title

Connect UK Auctions, covering the whole of United Kingdom. Selling, Residential Property, Commercial Property and Land.

We can be fairly traditional beings with preconceived notions regarding many facets of life. Selling a property at auction is one of these. Many myths abound regarding property auctions which are generally believed, yet as a company we have seen an enormous rise in the popularity of residential properties selling at auction.

The belief that a property is sold at auction only if it is distressed is no longer the case. Our Clients are now driven by the need for convenience and time saving, which is supplied by means of property auctions.

Selling through an estate agent can involve very lengthy and complicated chains. On average, in the UK, 35% of sales fall through, causing enormous stress and financial cost to both vendor and purchaser.

Selling at auction gives our clients peace of mind. With the fall of the gabble, exchange of contracts is immediate with completion generally 28 days thereafter.

The vendor is protected by the reserve price which is agreed with the auctioneer prior to the sale and spared frequent, unscheduled requests to show the property. Further, the seller does not have to be involved in any negotiation process, which can be a time-consuming exercise.

Another important point to consider is that potential buyers are required to pre-qualify for financing, thus eliminating the wait involved when a purchaser applies for financing after making an offer and is ultimately unable to conclude the transaction if his application for financing is refused. A pertinent point that should be noted is the fact that the purchase price may exceed the seller’s expectations, as competition among the buyers promotes higher bidding.

For Further details about potentially selling or buying with Connect UK Property Auctions, please contact Robert Jenkins 0800 448 0100, [email protected]


Marc Goodwin

Connect UK Auctions are Nationwide Property and Land Auctioneers. Sell Property & Land Today | Exchange & Complete | Within 28 Days.

Link to Connect UK Auctions business profile

22nd July 2025
Country Market Stirs into Life as Asking Prices Fall
The second quarter of 2025 was the most favourable market for buyers in the Country for seven years.
Read more
22nd July 2025
Colliers Reports Further Growth in UK Prime Industrial Rents, but Momentum Begins to Ease
According to the latest Rents Map research from Colliers, average prime headline industrial rents continued to rise in the first half of 2025, though early indicators point to a softening in growth rates.
Read more
17th July 2025
South West LPAs Five Year Housing Land Supply Update
December 2024, the revised National Planning Policy Framework (NPPF) reinstated the mandatory requirement for all Local Planning Authorities (LPAs) to demonstrate a five year supply of deliverable housing land
Read more