Why Sell at Auction?
The absence of any sales chain and with completion normally occurring within 28 days means that it can often be quicker to sell at auction than by other methods of sale.
Three Opportunities to Sell
Selling by auction presents a number of opportunities to sell; prior to the auction, at the auction itself or after if it fails to make the reserve. The concentrated advertising that accompanies each sale gives the property a high profile and avoids an exposure to the market for an extended period of time, which may deter potential buyers.
Realising the Market Value
The competitive atmosphere of the auction room with the one off sales opportunity can result in higher than anticipated prices being achieved. The auction process is a tried and tested means of realising the open market value of a property, hence its use by an increasing number of organisations, as well as individuals, such as executors, administrators and charities.
Sold as the Hammer Drops
One of the great attractions of selling at auction for clients is the removal of the potential frustration of a sale falling through, as the property is effectively sold on the 'fall of the hammer'. The deposit is then paid and contracts signed in the auction room with completion normally within 28 days.
Most properties are sold subject to an undisclosed reserve price which is agreed with the seller prior to the auction. This ensures a minimum acceptable selling price for the vendor.
Why Choose GTH?
With over 170 years of auctioneering experience across the region and more local auction centres in our network area, we are in a better position than any other agent to offer an experienced appraisal of your property and expert advice on selling it by auction.
All our experienced auctioneers are fully trained and regulated by the RICS Rules of Conduct, with both legal and practical rostrum training. This expertise can often help clients with more informed advice and potentially higher auction sale prices being achieved.
Besides property, Greenslade Taylor Hunt's auction experience extends to running regular livestock auctions on farms across the region and at the Sedgemoor Auction Centre, the largest agricultural auction centre in the South of England, as well as holding regular agricultural, machinery and Fine Art auctions.
As part of our Auction service we ensure all the necessary legal information on each property before the auction to enable an immediate exchange of contracts at the time of the sale and a quick completion.
Advertising & PR
With more offices and more regular auction sales in our network area than any other agent, vendors entering properties into our auctions can be confident of receiving extensive advertising to attract interest from potential buyers.
All properties entered for auction are immediately uploaded to our website and can reach a much wider regional and national market through links to other specialist property websites. We consistently achieve high levels of editorial coverage for the auction sales and the properties included, giving them a higher profile with potential buyers. Our associated London office co-ordinates editorial in national newspapers, such as the Times and Telegraph, to supplement the local PR activity.
Prominently displayed 'For Sale' boards make it easier for potential buyers to identify properties that have come on to the market and are a key source of enquiries from interested buyers.
Registered buyers on our database, who have stated an interest in auction properties, are alerted to suitable new properties as soon as they come on the market. Vendors using our auction service have the added benefit of the database being shared and integrated across all the offices in our network, meaning we can capture and cross reference all suitable interested buyers, regardless of which office they register with.
High quality auction catalogues detail each lot for sale, helping to present them in a clear and professional manner for potential buyers. The details including colour photographs, a description and Ordnance Survey location plan make it easier to identify the key features of each property.
Auction venues are chosen carefully, taking account of facilities and ease of access as many interested buyers will come from out of the region as well as the immediate area. A large crowd within the auction rooms always adds to the atmosphere and to a more likely chance of success for properties entered
What property can I enter and who should I contact?
A diverse range of properties is entrusted to our experts to auction including houses and Grade II listed buildings, farms, barns for conversion, smallholdings, equestrian property, land, building plots, commercial and development opportunities—all reflecting the breadth of specialist skills within our firm. We regularly undertake valuations for property auctions for a range of vendors throughout the South West region. If you would like to know more please contact:
South Somerset & Dorset: Justin Lowe, Partner - 01935 415300 | email@example.com
Mid & North Somerset: Jeremy Bell, Partner - 01278 765588 | firstname.lastname@example.org
Devon: Richard Webber, Partner - 01769 574500 | email@example.com