In London, property auctions are a good way of raising immediate funds that can be put towards the cost of your assisted living. With UK property auctions becoming increasingly popular, the demand for properties can see the prices being driven up.
One of the most simple and exciting ways to sell a property; properties in auction are quickly snapped up by private and investor purchases and London properties (as well as those located in the Home Counties) often do very well under the hammer. Last year, estate agents, Bernard Marcus reported that 72% of London properties sold at their first auction.
Whilst UK property auctions can provide a simplified selling process, it is important that you take advice before going ahead with the property auction of your home – you must ensure that you will receive the best possible figure. In order to get valued at your optimum asking price, you should look at the maintenance and décor of your home.
The kitchen and bathroom are two areas that private buyers and investors look at specifically when buying a property from London property auctions, as they see a modern and well looked after / new kitchen as a money-saver. Likewise, if you have good double glazing and insulation in place, a potential buyer will see this as a saved cost for them and be more likely to invest that money into the cost of your property at auction. On the other hand, if your property is particularly run down, you could attract investors looking for a renovation project – so make sure you take professional advice before you commence with upgrading works.
It would also be a good idea to any neighbours that had recently moved in or are gearing up to sell up to find out the true valuation of a property in the same area as yours so that you can make a comparison.
To ensure that your property will receive the optimum value at London property auctions, we recommend the following articles:
- London Property Sales Valuations
- Property Marketing: The Best Way To Sell Your Property in Central London
- Sash Windows In Period Houses
- The Importance of Crittall Windows When Buying a Home
- How to buy 3, 4 or 5 bedroom houses for sale in Wimbledon
- The best houses to buy in Wimbledon