Home House Buyers vs Property Auctions

What is a Property Auction?

Thousands, if not hundreds, of houses are sold at traditional auctions every year. Property auction is a classic option for selling houses, famous for many reasons. Instead of going after buyers one after the other, the goal is to bring them all together under one roof. Attracting buyers and sellers alike, property auctions can be intense, so they’re not for the faint-hearted.

It can be such an adventure for you as a seller, and your house can be sold in 28 days. However, unlike our offer, you will incur fees upfront, and you might end up not selling the house if the buyers were not interested. This can translate to disappointment and frustration.

As a strategy, auction companies advise you to set low prices to attract as many buyers as possible. Now, many problems come with this sound strategy that will make house sellers reluctant to go for it. Setting a low price ruins the value of the property in the eyes of buyers. Even more, if the buyers are not interested, the end price might be lower than what you’re expecting. That means you won’t agree to the purchase, and all those fees that you paid upfront will be for nothing.

Clients from many regions come to us to sell their property, and each one of them has his or her own unique circumstance that forces them to sell quickly and without hassle. A few examples of difficult situations include divorces, emigrations, and probate.

If you are in the middle of a divorce, you might find yourself in a helpless and stressful situation. Selling a house is already an exhausting process, and for people going through divorces, the situation is tougher. Come to us for a hassle-free process since we take all burdens off your shoulder.

Our experts are efficient and can bear any hardship. So, you don’t need to panic about your situation; expect a 14-day completion for the purchase.

If you are applying for emigration, the last thing you want keeping you from leaving is the slow sale of your property.

With Home House Buyers, a quick sales process is guaranteed within 14 days or any time scale of your own choosing. Even better, we take care of the whole process so that you have more time on your hands to prepare yourself for leaving.

Losing a family member can leave you emotionally drained and is a very grievous situation. However, you’ll have to start the legal procedure of sharing and dividing assets of the deceased person among the various beneficiaries.

If you want to quickly sell the property of the deceased, you have the right to deal with his or her real estate affairs through a process called probate. Here at Home House Buyers, we can quickly purchase the property and release the cash without keeping you waiting.

In April 2016 the government introduced a levy on second homes, so anyone that is buying a BTL or second home has to pay an extra 3% stamp duty. This has affected the market even more which has seen prices fall across London.

One of the most attractive aspects of express property selling is the fact that it is geared towards providing a quick selling solution for your property. Many other property agencies would propose buying your house for cash while they attempt to secure an investor to buy it from them.

Another aspect that makes Home House Buyers stick out is the fact that we secure all the fees related to the process and paperwork. It matters not why you intend on selling your properties; we can help regardless. We also guarantee to complete the purchase within two weeks.

We can also sell all sorts of commercial properties just as fast as we sell homes. These can range from shops to garages or building sites; we work with all sorts of commercial properties.

Where Can You Sell Your Home?

Nowadays, there are many ways to sell a property, and depending on your needs and requirements, you may choose one that is different. You can sell your house in a traditional auction house or an online auction house, through express or online estate agents, or property cash buyers.

Each aspect of house selling has its set of pros and cons of what it allows or does not allow you to do. In our many years of operating, we here at Home House Buyers have grown especially fond of the express house sale method. We have grown committed to delivering what we believe is the best service we can offer.

Should You Sell Your House at Auction?

Auctions are definitely a valid choice since they attract a greater number of serious buyers, but property auctions are also synonymous with risk. You will find yourself juggling luck and risk, especially if you are misled. You should know the rules of the game and what you signed up for before you get started.

There are fees payable upfront. If you’re a natural risk-taker and willing to invest your time and money in property auctions, you might find that it’s worth the shot. So, let’s get started with the high-level numbers before digging into the details.

What makes property auctions unappealing is the financial risk involved. If the purchase never happens and doesn’t meet your expectations, you will have wasted money for nothing.

The fee is normally 1.5% + VAT, and you must pay it early on so that your property auction company can promote your property to interested buyers and get them all in one place for the auction. Read on to understand the pros and cons of putting your property on sale in an auction.