Selling at Auction with Century 21 UK
By now you’ll know all about the types of properties we sell in our Century 21 UK branches, but do you know that we also sell at auction? Well, now you do! We have a close relationship with our sister company SDL Auctions, one of the UK’s largest auctioneers, which operates traditional room auctions across the Midlands and the North West, as well as running online auctions across the country! You can check them out here.
But what are the benefits of selling your property at auction? January sales figures circulated by Rightmove has revealed that, on average, it takes 64 days to sell your property in the East Midlands, 73 days in the North West, and 82 days in London, on the open market. Compare this to a sale by auction which can take only eight weeks in total with completion taking place within 28 days. So if you’re anxious to get your property sold, an online auction could be the path for you!
Many people are concerned that selling a property at auction is less secure than selling via an estate agent, but actually there is a less than 1 percent fall through rate. As well as this, there is no chain, so you don’t have to rely on others – when the auction hammer falls, you’ve sold! Some people are concerned that they may not get the best price for their property whilst selling at auction, but recent results from SDL Auctions prove that, in many cases, lots sell for more than they were originally marketed with estate agents. To read more about this, take a look at our SDL Auctions blog post.
Let’s take a look at a recent example of a Century 21 UK property from our Derby office, which sold well in our online SDL Auction. 22 Humbleton Drive in Mackworth, Derby, had an original guide price of £15,000 plus fees, and sold for a whopping £67,500 – what an increase! This spacious maisonette comprises two bedrooms and is close to local amenities, which made it the perfect investment and renovation opportunity. The property had 116 online bids before selling at the final price of £67.5K!
If this example has sparked your interest in selling your property online, let’s take a look at some other examples of the types of Century 21 UK properties which are still available at online auction! Here is a property in the heart of Liverpool, offered for sale by our Liverpool South office, which is currently open for online bids with our partner company SDL Auctions, this time a luxurious purpose-built apartment which requires no renovation or decorating. This property has a minimum opening bid of £114,000, and is open for bids until the 28th February, so plenty of time for the guide price to significantly increase!
If this article has grabbed your attention in selling your property at auction with Century 21 UK, or to find out more about the benefits of selling at auction, please contact your local agent today!