COVID-19 – Important Auction Information

Take the stress out of selling with Auctions

01.08.2022

According to Rightmove, it is currently taking on average nearly 6 months to complete on a property that is bought or sold through estate agents.

Some of the most worrying times of buying and selling a property are waiting to exchange and then getting over the final hurdle of completion.

It’s during these periods of uncertainty that buyers and sellers can find themselves under a great deal of stress, as nothing is guaranteed, and everything feels up in the air.

As a seller, you can spend months conducting viewings, taking time out of work, and always trying your best to keep the house tidy.

When someone shows interest in your property, you may get your hopes up only to find that the buyer has offered a lower price, or after accepting an offer they may decide to pull out of the sale altogether.

On the other hand, as a buyer you can spend hours searching for the ideal property online, find yourself moving your schedule around to view it, just to be told you have missed out.

You may decide to put in an offer on a property and find out you have been gazumped by another buyer, or even worse, you may be waiting to exchange and then the seller decides not to proceed.

All these situations are incredibly stressful and don’t make the process of buying or selling very enjoyable, but it doesn’t have to be that way!

If you choose to buy or sell at auction, you will get a much faster turnaround. The whole process from instruction to completion can take as little as eight weeks, compared to the current average of nearly 22 weeks.

But more importantly, both buyers and sellers get absolute certainty of sale with no worry of it falling through. Once the hammer has fallen, you will exchange contracts and enter a legally binding contract of sale. You then only have to wait up to 28 days to complete.

So, why not consider the auction route and avoid any unnecessary delays and stresses?

Rightmove data: https://www.rightmove.co.uk/news/articles/property-news/how-long-does-it-take-to-move-in-2022/#:~:text=From%20the%20time%20a%20home,that%20all%2Dimportant%20completion%20day

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