Is the Auction marketplace changing?...... I don’t think so says our Auctioneer Steve.
It has become more noticeable that ‘the modern method of Auction sale’ is being recommended by a number of estate agents to clients who would normally be selling their homes by private treaty. The attraction of no upfront fees is offset by the excessive commission charges paid by the purchaser, which will then be reflected in a lower offer.
Although a deposit is paid on the day, unlike our traditional room auction, there is no immediate exchange of contracts, and the buyers are given longer to get their finances in order.
So, if you have a vacant property, which needs to be sold in a given period, at the best possible price, then the proven Public Auction Sale is definitely the best way forward.To find out more about Pearsons Auctions, visit our website here or call us on 023 8047 4274
Residential Lettings Update
The rental market continues to experience exceptional demand for all types of homes, in particular in out of city locations. Unfortunately the demand is not being matched by the supply of new homes to let, as a result of Government interventions in the sector.
Due to this demand, rents are continuing to increase for both new letting and contract renewal. With a typical rent of a 3 bedroom house, increasing year on year by three figures. Therefore, if you are considering entering the rental market with a property that meets the required legal standards, you can expect to see a good return on your investment.
Our experienced lettings team will be able to guide you through the regulations and assist you in preparing your property for the market.
So If you are considering renting out a property please get in touch with our lettings team at one of our local offices.
Find your local office here or Request a free rental valuation from one of our experienced lettings team here