Why auctions are an excellent way to sell tenanted properties
Author: Martin Cunningham
17th June 2013, 13 years ago | 32
Martin Cunningham
Martin Cunningham
Registered with Property118.com
17th June 2013
Total Posts
1
Total Comments
15
25th November 2013, 12 years ago
Mark, an excellent and informative article on buying property at auction. We, at Auction House, the UK's No 1 residential property auctioneers are witnessing an increasing amount of tenanted investment sales. For divesting landlords it makes sense to sell with...
Read More →31st July 2013, 13 years ago
@Richard, As part of your B2L acquisition strategy might I suggest you look at acquiring an existing tenanted property via auction? A growing number of divesting landlords are recognising the benefits of selling with tenants in situ rather than going...
Read More →9th July 2013, 13 years ago
": Pleasure :-)
Read More →8th July 2013, 13 years ago
": Good advice around pricing strategy Mark....
Read More →8th July 2013, 13 years ago
apologies to all in my tardiness in responding....had a bit of a disaster at the weekend....left my iphone on the roof of my car and drove off...suffice to say no more iphone and loss of contact with the outside world...
Read More →8th July 2013, 13 years ago
@Cristian Stoian Hi Cristian, Good question and not one that has an accurate answer as many variables are in play….like no one property is the same, location, condition and vendors motivation for sale. What I can say is that there...
Read More →8th July 2013, 13 years ago
@ Sian Hemming-Metcalfe Hello Sian, I’ll try to answer your question. The auctioneers considers a number of factors when considering advising a vendor of the ‘Reserve’ price (the level at which on or over the auctioneers believes the property should...
Read More →27th June 2013, 13 years ago
@Howard Reuben note comments about Scotland, delighted to advise that Auction House UK publicly announced this week our expansion into Scotland with Ross Harper Auction joining Auction House UK
Read More →27th June 2013, 13 years ago
@Mark Alexander at Auction House UK we constantly monitor all UK auction room activity, performance and results, including picking up examples of flipping....this is but one example: A one bedroom leasehold flat was sold by a London auction room for...
Read More →27th June 2013, 13 years ago
@Howard Reuben pleased you have found the thread useful and thank you for your comments.
Read More →27th June 2013, 13 years ago
@Mark Alexander, ref Deed of Assurance, Auction House UK holds its annual conference next week and the use of the deed of assurance will be a topic to share with the 85 delegates representing all 30 Auction House UK auction...
Read More →21st June 2013, 13 years ago
Sure, happy to answer. The beauty of auction is that the auctioneer can balance fee structure across, lot entry, vendor and buyer. Typically fee structure in UK auction rooms would have been based on catalogue entry fee and success fee...
Read More →21st June 2013, 13 years ago
Thanks Anon/Mark…..you learn something new every day :-). Like the sound of Deed of Assurance, interesting and useful.
Read More →21st June 2013, 13 years ago
Hello Mark, thank you for your comments about selling tenanted property at auction; I am pleased these have struck accord of interest. In answer to your question about percentages of properties are sold at auction because they must be due...
Read More →20th June 2013, 13 years ago
Since posting this article, I thought it would be useful to share direct feedback and some of the questions arising from fellow Property118 users. I have received 6 contacts (of course for client confidentiality I will mention no names), all...
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