Due to the open nature of auctions, the process is very transparent, with a lower number of middlemen. The traditional process of selling your home in the UK can be quite covert and secretive. With a total population of almost 9 million people, its easy to see why families and workers are drawn to the capital after all, whats not to love? 450 New North Road, Ilford, Essex, IG6 3EB. 2023 Clive Emson Auctioneers. Have you ever sold your property, had an offer accepted on your dream home and progressed all the way to exchange of contracts before the sale falls through? Somewhere along your chain, a buyer has had to pull out leaving you in the lurch. The number of foreclosure properties in our database is subject to change due to market conditions. This frustration is avoided with the auction process. The important thing to remember is that once the auction is over the contract is binding and you are not able to go back to the seller afterwards should any problem arise. Before you consider buying, try to attend at least a few auctions to get an idea of what the process involves. 3. MyUKAL facilities enabling you to save properties of interest and access to full details of unsold lots. The property benefits from a small rear decked area. For more sales information in Essex, then please take a look at our Essex auction information page, containing what is coming up and what has happened in the past 12 months. Personal ID: Can you provide proof of your identity, such as a passport or driving license along with proof of address in the form of a utility bill or bank statement. Arrange an appraisal by contacting the Clive Emson team on 0345 8500333, by email at auctions@cliveemson.co.uk, or by using the contact form here. Unsold Auction Properties in South Wales If you're looking for an unsold auction property in South Wales or North Wales or wishing to sell yours, turn to The Property Auctioneers. Established in Chelmsford in 1946, Chelmsford Auction Rooms is the only auction house based in Chelmsford, Essex. Yes its easy to sell land and property by auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide. You can find more information in our Privacy Policy. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer. Guide prices are an indication of a sellers minimum expectation on what they believe they can sell the property for, you can read more about this in . 1968 Sq.Feet (182.83 Sq.Metres) Guide price 575,000. Required for logging in and remembering these cookie preferences, Enhances your experience with features such as saving lots and listings views, Improves our service offering by allowing us to see how our site is used, Situated in the East of England, the ceremonial county of Essex is an innovative, eclectic, and truly unique place to live. All rights reserved. A good property auctioneer will make the whole selling process much smoother and easy to understand. Guide Price: 350,000. The may not necessarily show the exact lot being offered, but will be in close proximity. Home sales went down by 70% between January 2019 and January 2022. The advantage of selling repossessed homes at auction is that lenders can usually achieve a quick sale at a guaranteed minimum price. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction). 02399687, Regional Property Services Ltd. Guide to Buying Land & Property at an Online Auction. Homebuyers should be aware that the process of purchasing property at auction is quite different from buying a home through an estate agent. In fact, selling at auction is typically a much faster process. former primary schools in Tunbridge Wells, Tell us the details of your property here, increase minimum energy efficiency ratings, How to sell a property at auction in the UK - A Step by step guide. Essex & Kent. Also once the hammer falls at a property auction there is no chance of going back on a deal so buying repossessed houses at auction gives a certainty of purchase. Thats how most repossession houses enter the real estate market as houses for sale. Interested buyers in the auction will be invited to make post auction offers after the sale has finished. This agreement protects your interests as well as the interests of the auction house. Heres why so many are turning to auctions to sell their properties: If your property has the right mix of attributes (i.e. We were very pleased with the service, the whole thing was stress and hassle free and everything was made clear to us.The processes were all straightforward and everything was dealt with swiftly, unlike most estate agents!The team were a pleasure to deal with and I felt that they actually genuinely cared about selling our property for us.I would definitely recommend you to anyone looking to sell at auction.Ben & Carla, My parents died and left me a property, it was on the market with an estate agent for 1 year during which the chain failed twice, the sale was going through at 225,000. This may include providing access to the property for inspections or repairs as well as any legal obligations. This generally includes any marketing expenses and other general fees. Repossessed residential properties will often need renovation work which means there is an opportunity for the buyer to make some money and also increase the value of their property. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide. Past Online Auctions by Auction House Essex & Kent Additionally, pre-foreclosures are often sold below market rate, making them great real estate deals. Required for logging in and remembering these cookie preferences, Enhances your experience with features such as saving lots and listings views, Improves our service offering by allowing us to see how our site is used. What is a Foreclosure? Step 1 - Find a local auction house and arrange an auction appraisal. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements. The details are displayed as they appear in the auctioneers catalogue, and include the address and full details of the property. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold. Giving our clients professional and unbiased advice has been our priority since we were founded. In some cases it will say by order of the mortgagees, in other cases it may say by order of the receiver. The guide and reserve prices are of paramount importance and must be set realistically in order to generate as much pre-auction interest as possible. 96 Waterville Drive, Vange, Basildon, Essex, Plots 59 & 60, New Blackwater Estuary Estate Maldon Road, Bradwell-On-Sea, Essex. Your expertise in this field made me feel at ease and that I was in safe hands, therefore any advice you had given was greatly valued. The agreement will describe any obligations or responsibilities that you must personally fulfill before the property can go to auction. , or find out more about land and property in the Essex & London areas. Also remember that 'Repossession' doesnt always mean 'bargain'. From the North and East, you can venture into Central London or surrounding areas via tube, train, or bus all of which run on their famously regular schedules. If you suspect the property is a repossessed home, the easiest thing to do is phone up the sellers solicitor and ask them who is the seller. For more information on fees please go to cliveemson.co.uk/buyers-fees/. *Unsold. There are many situations in which selling a property at auction is more suitable than the traditional route especially if you want to achieve the highest possible price in the quickest possible time! Terms & Conditions | Of course, the exact requirements may vary depending on the property being sold and the auction house but to summarise, youll need the following: It is always best to consult with the auction house or a solicitor to determine the specific requirements and documents needed for your particular property. More information. 25/04/2023 14:47. Tenure: Freehold. Allsop is the UK's leading property auction house. Being Sold via Secure Sale online bidding. This means that buyers are ready to go with fundsand finances already in place. This is a confidential figure agreed with the seller and auctioneer prior to the auction, below which the seller will not want to sell and the auctioneer cannot sell. We wanted to express our thanks to the AuctionHOUSE staff for your patience and professionalism.Since February, when we first saw and fell in love with the flat, it has been a bit of a rollercoaster. Please be aware there may be additional fees payable on top of the final sale price. A good auctioneer will be in constant contact with a pool of buyers, but may also advertise on various property websites. Hillsboro, 377 Southchurch Road, Southend-on-Sea, SS1 2PQ, GHL House, 12-14 Albion Place, Maidstone, ME14 5DZ. We have approval from all the auction houses that we list in our database and therefore aim to provide accurate and detailed information on every property in our database. Since the Covid 19 pandemic, online auctions have increased in popularity. The map and satellite images are based on postcode information and are available for for directions only. . For example, weve sold everything fromformer primary schools in Tunbridge Wells,toWorld War 2 Bunkersin Devon. What are the details of the property location and is there any other relevant information? Legal documents: As we previously mentioned, youll need to provide any legal documents related to the property, such as any lease agreements, planning permissions, or details of any home improvements completed. With income potential - Vacant. Selling at an auction gives you access to hungry buyerswho are ready to move. According to Auction Link, the average success rate at auction is as high as 75%-80, meaning there is a very high chance that your property will successfully sell. Get in touch here. Best decision we made!Selling via Auction House Essex gave my family and I the closure we needed after what had been a very emotional and difficult period of time trying to deal with the sale of a probate property via an estate agent in the first instance. After potential buyers view the property, they make take a liking to the property and attempt to secure it before the property goes to auction. In practice, the lower the guide (and therefore the reserve) potentially the more prospective buyers will inspect the property and, inevitably, the more that inspect the more will attend the auction to bid which may result in a higher price being achieved. If the highest bid at the end of the auction does not meet the reserve price, the property will not be sold, and the seller is not obligated to accept any of the bids. Established in Chelmsford in 1946, Chelmsford Auction Rooms is the only auction house based in Chelmsford, Essex. Freehold Former Public House 6000 Square Feet Planning Permission for House 6 Bedroom Unmodernised Vacant. When properties and land are submitted for sale by public auction it is traditional to quote a pre-auction guide price. We have approval from all the auction houses that we list in our database and therefore aim to provide accurate and detailed information on every property in our database. 1/5 1,250,000 Guide Price * 98 Priory Park Road, Kilburn, London, NW6 7UU Terraced 8 You and your team were always very professional and courteous in all contacts with myself, the regular and prompt updates were very much appreciated . In this scenario, youll need to weigh up the pros and cons and ask yourself whether the fees are a fair trade-off for the speed, transparency and certainty offered by the auction process. There are numerous reasons for buying at property repossession auctions. A pre-auction offer is as the name suggests an offer made by a potential buyer to purchase a property before it goes to auction. You're sure to find an unsold property of interest to you, with plenty of variety to choose from including residential properties, commercial lots such as shops, offices, pubs and more, mixed-use properties, garages and land too. As the sale will happen on adefinite date, you can safely make plans without the fear of a looming disaster and a failed sale. For the buyer, it provides an opportunity to purchase the property before it goes to auction and potentially avoid an inevitable bidding war with other interested parties. 14 . These include and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. We use cookies to enhance your experience and improve our service. However, we invite you to explore other types of properties available on our website, including short sales and pre-foreclosures. This is usually followed by an eviction order. These include commercial and residential properties as well as plots of land, all located in vibrant and highly sought-after areas of the country. For example, you may be relocating for work, downsizing or in need of access to funds to address other personal matters. The team at Auction House were fast, professional and friendly, not only did they sell my house in 2 weeks (contracts exchanged) but they achieved 39,000 MORE than the estate agent. Chain Free! Its often the best route to sell quickly and to achieve the best possible price on the day. A large three / four bedroom extended semi-detached house requiring some refurbishment. All properties may be suitable, but some are more suitable than others. Once youve established the expected fees, its completely natural to compare the fees of an auction house and an estate agent to see which method of sale suits you. A pre-auction offer can be great for both the buyer and the seller. Both the buyer and seller should carefully consider the pros and cons of a pre-auction offer before making a decision. Additionally, pre-foreclosures are often sold below market rate, making them great real estate deals. We were the appointed auctioneers for the Sheriff of Essex for over 25 years until they removed the Regional Office Authority. Terms & Conditions | Proof that you own the property: You will need to provide proof that you are the legal owner of the property by providing title deed, land registry documents, or other similar documents. This price is typically set before the auction begins and is kept confidential from the bidders. The simple way to search for property to buy or rent. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Land at, Nicholsons Grove, Colchester, Essex, CO1. Successful and helpful. If you are looking into purchasing a repossessed home at auction then you can search through our UK database of bargain homes and cheap properties to see what is available, and contact the auctioneers for further information. are helping more people than ever make Essex their new home. Guides are provided as an indication of each Sellers minimum expectation. Buyers Fees apply - see brochure for details. Clive Emson auctioneers offer all our sellers maximum exposure to the property market. Lots of contact, always available with good sound advice.Therefore, just 11 or so weeks after the first sight of the flat we are on the move. What are your obligations as a seller? This guarantee is part of the appeal of an auction. Some repossession houses were owned by homeowners who fell behind on mortgage payments, yet many others are new-builds and flats from developers as well as buy-to-letters who have fallen on hard times. Essex County's foreclosure filings increased by 167% between 2022 and 2019. After 41 years in our present home this has not been easy, but it could have been so much worse.So many thanks to you all. Get an alert! Streetview and Google Map location for each property. Of course, there are risks associated with any house purchase transaction, however, selling via auction in the UK is a fairly low-risk strategy. Professional modern approach with the efficiency that all clients deserve. Foreclosure Explained for Beginners, Foreclosure Property - What are they and how to buy them, 8 Things to watch out for when buying a Foreclosure home. In both areas, business is booming, and transport links are abundant. Branded as Londons hippiest area, its also home to some of the capitals most well-loved attractions, including Boxpark, Columbia Road Flower Market, St Katharine Docks, and the infamous Jack the Ripper Tour. This is a great sign as it shows that your property is highly desirable. Which means that you can buy cheap houses and other properties at a UK property auction. I will highly recommend you to anyone with pleasure. We'd never sold at auction before but from start to finish Tim understood our situation, explained the whole procedure, kept us up to date with developments and was always available to answer any questions we had. Receive the latest auction news, dates and lots straight to your inbox, ValuationsHouse ClearancesOffice ClearancesIndustrial ClearancesCommercial Clearances, Auction House & House Clearances In Chelmsford, Site designed and built by 19 Degrees East. . Read more about ouronline auction process here. Unsold. At this point, your property is officially sold. In order to recoup their investment as quickly as possible, lenders will often price the property below market value to encourage a sale. Get more detailed information about the properties going to auction by downloading our Auction Catalogues. Auctions are ideal when you have a property that is unique or difficult to value, or one that appeals to a broader audience than, say, your local estate agent is able to offer. Our auction catalogues are available in over 600 local estate agency branches throughout southern England, often with several agents in one town. Terrace House Two Floor 5 Room (s) Unmodernised 895 Square Feet Garden Vacant. All rights reserved. For example, We have a large database of potential buyers. There are no guarantees on the purchase and you must buy it as it is. Its a diverse urban jungle and home to the worlds most notable economic hub. Terms and Conditions apply. Home sales went down by 70% between January 2019 and . They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Browse our unsold auction properties and secure your ideal property at the right price for you. 2 bed flat for sale Broomhill Road, Woodford Green, Essex IG8. It has the 94th largest per capita income of all 3,113 counties this is according to the Bureau of Economic Analysis. Regardless of the state of the property fire-damaged or pristine, in need of renovation or conversion theres bound to be a buyer to match. You will need to provide the auctioneer with a number of documents and information to be able to sell your property via auction in the UK. Give the companies a call (if it's clear who has sent it) and let them know the previous owners have moved, in case they send bailiffs round. A small fly in the ointment is that when you move in, some services, such as gas and electricity, may have been cut off. The sale of the property goes towards paying off the previous owners debts, and the lender is legally obliged to get the best possible price. The auctioneer will continue to solicit higher bids until either the reserve price is met or the bidding stops. At this point. Full access to our auctioneers directory providing contact information for auction houses around the UK, plus to our auction calendar displaying forthcoming auction dates, as and when confirmed by each auction house. Whether youre single, partnered or a family looking for your forever home, our house auctions in Essex can get you on the ladder. Site Area approximately 0.355 acres (0.144 ha) , Pre-auction offers will not be considered on this Lot, A Ten Working Day Completion Period applies to this Lot. All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. In fact, we provide an efficient, online auction platform that has opened up auctions to a much wider number of buyers and sellers. has some of the best transport links in the country. With a soaring population of almost two million, its not hard to see why our Essex property auctions are helping more people than ever make Essex their new home. The property is situated within a quiet sought after area. As one of the UKs leading auction houses, with more than 20 years auction experience, and building on the expertise of the Savills network, we will make sure your property gets in front of the right people. Keep an eye out for red debt collection letters addressed to the previous owners. Whether youre single, partnered or a family looking for your forever home, our house auctions in Essex can get you on the ladder. The population of Essex County is 808, 285. Marketed by Allsop, Auction. If you choose to sell with Clive Emson, all fees will be agreed upon prior to instructions being confirmed so therell be no unexpected costsonce the sale goes through. . How Does Foreclosure Work in Real Estate? In fact, the average sale takes around 25 weeks (view source). We are the fastest growing operator in the area too and have a sales team able to visit your property and provide auction appraisals at short notice. The auctioneer will market the property via different channels There are a number of ways that an auctioneer will market your property. If you think the capital could be the ideal place for your new home or business, why not take a look at your listings below, and see how our North and East London property auctions can help you turn your dream property into a reality. Flat for Auction Essex SS9 190,000 UNSOLD, CONTACT AUCTIONEER FOR RESERVE PRICE/AVAILABILITY STATUS | UK Auction List Skip to main content Selling 02399687, Regional Property Services Ltd. Guide to Buying Land & Property at an Online Auction, THREE-BEDROOM TERRACE HOUSE FOR REFURBISHMENT, RETAIL AND RESIDENTIAL PREMISES WITH ADDITIONAL PLANNING FOR THREE FLATS, FREEHOLD GROUND RENTS WITH POSSIBLE DEVELOPMENT POTENTIAL, SUBSTANTIAL OFFICE SPACE PROVIDING HIGH RENTAL INCOME WITH POTENTIAL FOR FURTHER RESIDENTIAL/COMMERCIAL SPACE, SHOP FOR INVESTMENT WITH PLANNING FOR CONVERSION OF UPPER PARTS TO ONE FLAT, HOUSE FOR INVESTMENT IN NEED OF IMPROVEMENT AND REPAIRS, TWELVE GARAGES, PARKING AREA AND ADDITIONAL LAND, DETACHED COTTAGE AND CABIN WITH POTENTIAL AND APPROX 20 ACRES OF WOODLAND, GRAZING LAND AND PART WOODLAND EXTENDING TO 5.5 ACRES, PLOT WITH PLANNING FOR TWO SEMI-DETACHED HOUSES, RESIDENTIAL INVESTMENT FOR REFURBISHMENT AND REPAIR, LAND WITH OUTLINE PLANNING FOR SEVEN FLATS, SIX GARAGES AND OVER A THIRD OF AN ACRE WITH FURTHER POTENTIAL, DETACHED BUNGALOW FOR IMPROVEMENT AND REPAIR, PRIME CITY CENTRE FREEHOLD PROPERTY WITH POTENTIAL, DETACHED PAIR OF SEMI-DETACHED PROPERTIES ARRANGED AS OFFICES WITH POTENTIAL FOR CONVERSION, FREEHOLD BUILDING ARRANGED AS A PAIR OF MAISONETTES, HOUSE WITH GARAGE, IN NEED OF FULL REFURBISHMENT AND RENOVATION, EXCELLENT SITE WITH PLANNING IN VILLAGE LOCATION, CHARACTERFUL COTTAGE IN VILLAGE LOCATION WITH APPROXIMATELY TWO ACRES WITH POTENTIAL, TWO PARCELS OF LAND WITH PLANNING FOR GARAGES AND BOLLARD PARKING SPACES, DILAPIDATED BUILDING AND LAND WITH POTENTIAL, FORMER NURSERY WITH POTENTIAL FOR CONVERSION TO RESIDENTIAL, EXISTING COMMERCIAL SITE & BUILDINGS CURRENTLY LET WITH POTENTIAL FOR REDEVELOPMENT.
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