Top Tips for Selling Your Leicester Home at Auction

Selling Your Leicester Home at Auction

Top Tips for Selling Your Leicester Home at Auction

Selling your home at auction can be an effective way to achieve a quick sale and ensure a guaranteed transaction. Here are some top tips for successfully selling your Leicester home at auction:

1. Research Auction Houses

Start by researching auction houses in your area, focusing on those with experience in marketing properties effectively. Established auction houses may be more expensive, but they often attract a wide range of potential buyers. Check out reputable options like Leicester Auctions to get started.

2. Property Condition

Ensure that the exterior of your home is in good condition as first impressions matter. Consider any necessary repairs or improvements to make your property more appealing to buyers. A well-maintained property is more likely to attract interest from potential bidders.

3. Address Negative Issues

If there are any negative aspects of your property, such as structural issues or cosmetic flaws, consider addressing them before the auction. Buyers will be more confident if they see a property that doesn’t require immediate fixes. Take advantage of local services like Leicester Builders to assist with renovations.

4. Understand Costs

Be aware of the costs associated with selling at auction, including the auctioneer’s fee (around 2.5% of the sale price), solicitor fees, and advertising costs. Shop around for competitive prices and services in Leicester to ensure you’re getting the best deal.

5. Set Realistic Prices

Work with the auction house to set a realistic reserve price, the minimum price you’re willing to accept. Also, consider setting a guide price to attract potential buyers. Remember that once the hammer falls, the buyer must put down a 10% deposit and complete the purchase within a month.

6. Market Your Property Effectively

The time between instruction and auction day is crucial. Use this period to market your property effectively, both online and through the auction house’s buyer database. Consider leveraging local platforms like Leicester Mercury Property for additional exposure. Remember that the time between instruction and auction day is crucial. Use this period to market your property effectively, both online and through the auction house’s buyer database3. Good luck with your auction, and I hope you achieve a successful sale!

Ready to Sell Your Leicester Home at Auction?

Take the first step towards a successful sale! Contact us today to learn more about selling your property with One Auction and get started on your auction journey.

Call: 0330 043 3032
Email: info@oneauction.co.uk
Web: www.oneauction.co.uk

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