The last Nottingham auction earlier this month saw lots of excited bidding securing a total of £3.4m in sales with the sold lots achieving on average 21 per cent over guide price and with entries already coming in, confidence is high for the July auction.
Vejay Pal, senior valuer at Graham Penny Auctions Nottingham, commented: “More and more sellers are seeing the benefit of selling their properties by auction and the prices we’ve achieved for our vendor clients so far this year are encouraging more sellers to contact us.
We’re moving further away from the stereotype of only run down and derelict properties selling at auction to a place where the auction room is a genuine option for securing a great sale price for any type of property. Auctions can be a great place to sell all kinds of properties from modern family homes to smaller terraced properties, including those in a state of disrepair and those with unique characteristics.”
Graham Penny Auctions is offering free valuations and appraisals for anyone interested in selling by auction, plus there is a step by step guide to buying and selling at auction available on the website.
Vejay added: “The added bonus with buying a property at auction rather than through a private treaty sale is that it’s a quick process and when the hammer falls the sale is secure, contracts are exchanged and the sale is completed within a month.”
