Graham Penny Auctions is currently inviting entries to its next auction on Wednesday 7th May and understands that an auction may not be the first choice for selling property but it can be the most profitable.
“Nowadays the auction room is a great place to get the best price for your property,” explains Carl Finch, branch manager at Graham Penny Auctions.
“We’re regularly achieving sale prices which reach far past what our customers thought they could secure and with an auction sale it’s quick and secure. Once we find a buyer there are no fall throughs and completion is usually only 21 days later.”
Earlier this month Graham Penny Auctions held its second auction of the year with several of the properties securing sale prices of more than 20 per cent over the guide price. 20 Knighton Fields Road East in Leicester, a large three storey villa, had a guide price of £130,000 and went under the hammer for £157,000 while 14 Granville Gardens in Hinckley, a leasehold ground floor apartment, had a guide price of £40,000 sold for £53,000.
Carl understands that people don’t know as much about buying and selling at auction as they may about private treaty sales.
"We always offer transparent advice to our customers to ensure they’re happy with the sales process and the likely outcome. We have secured more than 6.1m in sales for our customers in Leicester so far and clearly we have a lot of very happy vendors who are choosing our auction house to sell their property.”
Graham Penny Auctions acts for both private individuals and institutions selling a wide range of interests, from investment properties and vacant houses to building plots, commercial properties and others and holds 21 auctions per year at the iPro Stadium in Derby, Nottingham Racecourse and the King Power Stadium in Leicester. Last year it secured more than £62.4m in sales for its clients across the Midlands and achieved an overall success rate of 84 per cent – 6.2 per cent above the national average.
For further information about Graham Penny Auctions or to request a free property appraisal, visit www.grahampenny.com or call 0116 254 9654.
