Page 12 - Loveitts Digital Magazine

Auctions
THE AUCTIONEERS
Selling a property through an Auction is easier than many people think – and the prices achieved are usually higher than expected. Over the years the Auction Department has sold significant numbers of residential and commercial properties, land, investment and development opportunities “under the hammer”. With increasing numbers of potential bidders attending, selling and buying at auction is certainly a viable alternative to the open market.
A major benefit of selling at auction is that on the fall of the auctioneer's gavel, the purchaser will automatically enter into a binding contract and is required to pay 10% of the sale price immediately, with completion taking place usually 28 days thereafter.
When offering a lot for sale at public auction,
an intensive advertising/marketing campaign is undertaken to ensure that maximum exposure is achieved.
Being part of Auction House, the nationwide group of property auctioneers, Loveitts can offer local expertise, regional knowledge, and national coverage.
Which properties are suitable for auction?
• Residential properties, particularly those in need of modernisation and improvement
• Commercial and Industrial properties
• Rural properties
• Land with or without planning consent • Probate / Executor properties
• Repossessions
Why sell at Auction?
• The best possible price achieved.
• Binding contract plus 10% deposit paid on the fall of the hammer.
• Completion is usually within 28 days.
• Chain-free sale.
• No adverse surveys or down valuations. • Quick and hassle-free sale.
12 | SALES | LETTINGS | LAND & NEW HOMES | AUCTIONS | ESTATE MANAGEMENT | COMMERCIAL | PROBATE