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AUCTION SUCCESS STORY!

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Thu 23 Nov 2017

AUCTION SUCCESS STORY!

Our vendor clients approached us early October with a wish to have their surplus bolt hole property in Stoke Gifford near Bristol Parkway sold by Christmas, for the best price, with no complications.

The property was pretty much as it would have been when it was built early 1980's - original kitchen, bathroom, doors, windows, fixtures and fittings, and there was reputed to be a resident fox in the huge bramble patch which covered most of the back garden. It was a fascinating time warp, and a fabulous blank canvas opportunity to improve either for owner occupation or as an investment buy to let.

We recommended the property would best be sold by auction 22 November to give us a few weeks of marketing before auction, an auction guide range of £250,000 to £300,000 and just enough time to enable completion of sale to take place just before Christmas.

Our clients did exactly as they were advised, so we implemented our standard auction sale procedures, generated many viewings, our auction sale at the Town Hall was well attended despite driving rain and gusty winds, and auctioneer Nick Cragg guided competitive bidding from several bidders to the final sale price of £300,000., when he brought the gavel down to close the sale.

The buyers came forward to finalise the formalities by signing the auction contract and handing over their 10% deposit cheque, knowing their purchase was safe. The underbidders were obviously disappointed, but at least they gave it their best shot and walked away knowing where they stood.

Our clients achieved their objectives and were delighted with the speed, certainty and price they experienced.

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