When it comes to selling a property, auctions offer a fast, hassle-free alternative to traditional estate agents. But not every property is best suited for auction. Some types of properties tend to attract more interest and higher bids, making them ideal for an auction sale.
If you're wondering whether your property is a good fit, here’s a look at the types of homes that perform best at auction and why.
Homes that require refurbishment often struggle to sell through traditional estate agents, as many buyers prefer a move-in-ready property. However, auctions attract investors and developers looking for renovation projects. These buyers actively seek out properties with potential and are willing to bid competitively to secure a good deal.
Why auctions work:
Landlords looking to sell a rental property often turn to auctions because they can sell with tenants in place. Traditional buyers might be hesitant to take on an occupied property, but at auction, investors see this as an opportunity to generate immediate rental income.
Why auctions work:
Inherited properties often require a fast sale to distribute the estate among beneficiaries. These homes may have been unoccupied for a while or need some modernisation, making them prime candidates for auction.
Why auctions work:
Properties that don’t fit the traditional mould—such as converted barns, former churches, or homes with quirky layouts—can struggle on the open market. However, auctions attract a diverse pool of buyers, including those specifically looking for something different.
Why auctions work:
If a property has title complications, short leases, or structural concerns, it may be difficult to sell through an estate agent. Auctions provide an alternative route where buyers, often cash investors, are prepared to take on these challenges.
Why auctions work:
Shops, offices, and buildings with both residential and commercial spaces often struggle on the open market due to their specialist nature. At auction, however, they attract investors who understand their potential.
Why auctions work:
At Smart Auction UK, we specialise in helping sellers achieve the best price for their property with zero selling fees. Whether you're selling a renovation project, a tenanted buy-to-let, or a unique property, our auction platform connects you with serious buyers ready to bid. With no lengthy chains, no hidden fees, and the potential for a quick sale, selling at auction has never been easier.
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