Welcome to the Property Auctions News Blog where we publish industry-related topics with more of an evergreen nature.
We would also recommend checking out the Property Solvers Auctions articles page as well as the Property Solvers articles page and blog.
Paul Brooks, Director of SSAS at Wealth Builders delves into the key benefits of using Small Self-Administered Schemes to acquire properties at auction.
These include tax efficiency, full control, access to low cost finance, balancing risk + reward, family legacy building, business risk protection and driving ambitious growth plans.
Paul also presents an interesting case study of how a Wealth Builders client purchased a commercial property at auction.
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As a seller or a prospective buyer, engaging in any kind of property auction usually involves an auction legal pack.
This is a collection of documents relating to a property being sold at auction. It is compiled and initially paid for by the seller and the seller’s solicitor. However, the seller can recoup some of the costs as part of the sale from the buying party.
While creating auction legal packs is not a statutory requirement, it’s highly recommended.
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Modern Method of Auction (MMoA) continues to grow as a popular means of buying and selling property.
It represents a legitimate alternative to the super time-sensitive nature of traditional auctions and fast cash house sale options, without the uncertainty that comes with estate agency (“private treaty”) sales.
In this article, we’ll explore exactly what Modern Auction offers – delving into the key differences with estate agency sales and the main pros + cons alongside the processes involved. We also examine where this sales method sits within the future of the UK property sales industry.
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Auctions can be a popular choice among homeowners who want to sell quicker than what’s possible through an estate agent.
But while selling property through an auction is growing in popularity, it’s important to ensure you understand the processes involved before you go all-in.
This guide will run through the pros and cons of selling a house at auction, how the process works alongside tips on navigating auction fees, guide + reserve prices and more…
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