Property Auctions UK Archives - National Residential
 

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Property Auctions UK

UK Property auctions online

National Residential offer an innovative solution to buying UK Properties For Sale online – via a user-friendly and fully responsive auction system.  Whether you are looking for a property in London or the North of England, National Residential’s Property Auctions UK have a steady stream of properties available for people looking for a family home, a buy-to-let property or a development opportunity.

All bidders are kept informed of the status of bidding on any property that they express an interest in via text messages: Bidders are informed of their current, highest bid, and of the Best and Final offer date on the specific property.  When the highest offer on a property is made, the bidder is not legally bound to purchase the property, although in 95% of all cases, the successful high bidder completes on the property.  Once a high bid has been made, the buyer is contacted by our dedicated and experienced sales team, who work to establish that sufficient funds are available for the house purchase and that the buyer is happy to continue with the purchase.  If they are, a non-refundable deposit will be taken to secure the property.  National Residential will then work hard with the buyer, the vendor, panel solicitors and brokers in order to ensure that completion is as quick and as smooth as possible.

If you are looking for a property to buy in the United Kingdom, visit the National Residential Website to find out more about our UK Property Auctions online, and to take a look at our diverse range of current properties to see if we have the property you are looking for!  You can also take a look at our testimonials page to hear from some of our many happy customers, all of whom have embraced our innovative property auction process in order to find the perfect family home or add to their property portfolio.

How To Sell Property Fast For The Best Price With Unrivaled Support

How to Sell Property Fast For the Best Price

Selling your property can be overwhelming, with many options available. We believe we have created the perfect solution for people who need to sell their house fast, want a Goldilocks Price (low enough to attract buyers but as high as possible) with the BEST support there is.

We are perfect for anyone wanting to sell a house fast  – esp if there are complications such as: selling a tenanted house, selling multiple properties in bulk, selling property in disrepair, selling property with a short lease or selling property to avoid repossession (because we believe we will get you a much better price than your lender and you will avoid fines, court cost, legal bills etc and be in more control of how and when you move).
Continue reading How To Sell Property Fast For The Best Price With Unrivaled Support →

Phone us now on 0800 6123694 or 01244 341066 any time 24/7, or use our callback form and we will phone you back to discuss your needs and our solutions.

Setting A House Price

The single most important thing to get right to sell your house fast is the asking price. Almost every property will attract attention from buyers if the price is right so if you aren’t even getting many viewings, it could be a sign that buyers think your asking price is too high for the size and type of property compared to others in your area.

 

Finding the Right Asking Price to Sell Your Property

The ideal asking price is the highest price buyers are willing to pay within your desired timeframe. Overpricing leads to delays, while underpricing may cause regret.

We look at how to price your property to get the best price in the fastest time.

What Happens If You Price It Wrong?

❌ Too Low – Quick sale, but you risk selling for much less than market value.
❌ Too High – Fewer viewings, longer time on the market, and price reductions.

house price set too high to sell

Example of a property being left unsold on the market for almost a year due to overly optmisitic expectations. Urgency may be not be a factor if the property is owner occupied but properties can be very expensive to run if empty or without rental income.

Continue reading Setting A House Price →

Phone us now on 0800 6123694 or 01244 341066 any time 24/7, or use our callback form and we will phone you back to discuss your needs and our solutions.

Property Auctions

Are All Property Auctions The Same?

ABSOLUTELY NOT – also, worthy of note: not all bidders are the same either – our auctions recognise that.

 
The method we use to sell property is often referred to as a ‘Modern‘ Property Auction’ (also known as conditional auctions). It is different to many other types of auction (offline and online) because of what happens when the bidding ends. In a Modern Property Auction when bidding ends the winning bidder pays a non refundable deposit to secure the property but the crucial difference is the winning bidders are given time to secure lending.

Because our auctions are open to private buyers with mortgage funding (not just cash buyers who are often developers looking to buy a property at rock bottom prices so they can make a profit when reselling), our properties typically sell for 10 – 15% more than similar properties sold at auction houses.

Our fees are lower too, (see next section)!

Similar to the ‘sealed bids’ process, in our auctions a winning bid is the BEST offer the seller chooses to accept which is usually but not always the highest bid. Like traditional auctions, all bids are legally binding and the bidding process is transparent so all bidders are kept informed of other bids throughout the process.

Continue reading Property Auctions →

Phone us now on 0800 6123694 or 01244 341066 any time 24/7, or use our callback form and we will phone you back to discuss your needs and our solutions.

London Property Market

How Long Does it Take To Sell London Property?

On average, London property takes longer to sell than any other area of the UK.

According to RightMove’s October House Price Index, top London property takes an average of 86 days to sell and the average for all London property types is 65 days.

 

National Residential sell all types of London property from 1 bedroom flats to 5 bedroom semi-detached housing. Our top property (with a sale price of £780,000) took only 29 days to sell – that is over 50 days below the average for the same type of property.

 

During the year Nov 2016 to Oct 2017, the average selling time National Residential took to sell all types of London property was just 26 days compared to the average time other estate agents take of 61 days.

 

Continue reading London Property Market →

Phone us now on 0800 6123694 or 01244 341066 any time 24/7, or use our callback form and we will phone you back to discuss your needs and our solutions.

National Association of Property Buyers (NAPB)

The National Association of Property Buyers (NAPB) was founded in 2013 in response to to the growth in popularity of Quick House Sales companies.

TPO consulted with a number of reputable practitioners from the Quick House Sales industry including Dave Coughlin, Managing Director of National Residential and the Landlord Sales Agency to define a fair and reasonable business and a model of good business practice.

Quick house sales companies differ from estate agencies because they enable members of the public to sell their properties fast by buying them directly or brokering a deal with a property developer – i.e. without promoting them to the public or having to wait  for someone to make an offer. Quick house sales companies that buy property directly must have significant funds available to make an instant purchase.

Continue reading National Association of Property Buyers (NAPB) →

Phone us now on 0800 6123694 or 01244 341066 any time 24/7, or use our callback form and we will phone you back to discuss your needs and our solutions.
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