Are you looking for Property Sales in York, Lancashire? Selling property at auction is one of the fastest and easiest ways to get a good price for residential and commercial property in a seamless process. Property auctions in York, Lancashire differ from traditional property sales. Once the vendor agrees the sale price with the buyer, a non-refundable deposit is paid immediately. Because of this, there is less chance of the sale falling through somewhere down the line.
Through our ‘unconditional’ auctions, buyers are able to bid or put an offer on properties prior to the physical auction. And if the seller agrees to the bid or offer, the deposit is paid. Once this is done, the property is taken off auction. Completion is expected within 28-days.
Likewise, you could be looking to buy property, as a buy-to-let, a new home to live, or a house you just want to flip. Buying at auction is again a relatively quick and easy way to get what you are looking for.
Looking for York, Lancashire?
FAQ’s Selling – Property Auctions in York
For York, Lancashire. Although each auction house or company has a different process, these only usually differ in the fees charged. Some property auctions in York, Lancashire charge the seller a commission based on the sale. However, Penny Joseph & Town & Country, do not charge the property seller any agency fees whatsoever. This is because our buyers pay a fee when buying property through us, our expenses are met.
Buying Property through Auction
- We facilitate the vendor, buyer and organise the property particulars for the auction.
- We ensure that the buyer has all the information they need.
- We undertake viewings of the auction property.
- We liaise between vendor and buyer.
- We facilitate in the sales exchange and completion.
- We can offer advice on property investment, rental yields, property management and refurbishment.
There are 2, types of auction – conditional and unconditional.
UNCONDITIONAL PROPERTY AUCTION
In an unconditional auction, contracts are exchanged to the winning bidder immediately. Through unconditional auction, properties are actively promoted, prior to the public auction date, viewings are undertaken, and legal packs are made available. Bids can be made prior to the public auction and the vendor can accept the buyer’s offer. In such a case when the vendor agrees a price with the buyer, a 5% deposit of the sale price is paid immediately, along with the (Buyers Premium), which is usually £5000 + VAT. The property is then taken off auction. The buyer has then 28-days to pay the remaining money and the sale is complete.
Conditional auction is within the auction room under a bidding process. The winning bidder will pay a reservation fee, and during a 28-day exclusivity period, the buyer will organise the payment/funding and set a completion date, which would usually fall within 8-weeks of placing the winning bid.
When buying a property at auction, the winning bidder pay’s a Buyer’s Premium. This is a fee to the auction house. The fee can vary depending on the price of the property. Properties will state what the buyer’s premium is.
We operate an unconditional auction
No, you can use your own preferred solicitor. But, we do have our own in-house conveyancing team, if you would like to use them instead.
Contact information if you are looking for Property Sales Lancashire
We have a number of agents working within and around Lancashire and Merseyside. If you would like to sell a property, or perhaps have a valuation undertaken on it, you can call us for an informal chat. As agents in property auctions, buy to let investment, negative equity, and below market value property. We can also offer advice, based on your particular situation.
For more information on Property Sales in York, Lancashirecontact us at email@example.com, or telephone 01704 53541.