Sell Your House with Auction House
Published by Property Saviour
The UK's No.1 Fast House Sale Company
October 25, 2015 - Read time: 3 minutes
How to sell your house with Auction House UK?
Today, we interviewed a real auctioneer to ask some questions about how can I sell my house fast with Auction House?
When it comes to selling a house Auction House Leeds are the experts. They have consistently achieved fantastic results for sellers since their launch in 2009. Auction House West Yorkshire are part of the Auction House brand who have 40 auction rooms covering the length and breadth of the UK.
James Pank is the Auctioneer and Director at Auction House West Yorkshire. One of country’s leading auctioneers. In October 2015, they achieved a market leading success rate 87% and have averaged 85% over the past two years.
Tell us a bit about yourself, and your journey in the property market?
Having looked at a number of alternative career paths including a physiotherapist, PE Teacher and psychologist it quickly became apparent that I would be most suited to a career in property.
My father had been a charted surveyor, estate agent and auctioneer for his entire career and after graduating from Northumbria University with a First Class Honors in Estate Management I was ready to take on the world of work.
I spent a year with Towlers (now Carter Towler) in Leeds before moving to Ashtenne Industrial Fund and qualifying as a chartered surveyor in 2008. In 2012 I joined Auction House and after moving my way from valuer to manager to director I sold my first lot as an official auctioneer in March 2015.
Why do sellers consider selling their property at auction?
Auctions can be a fantastic way for sellers who are looking for certainty and speed. These situations can include:
- Relocation or Emigrating abroad
- A retiring landlord
- Deceased Estate
Which properties do not do well in the auction rooms?
Generally, anything that would suite a family or home owner would not suit a sale by auction. Larger more expensive properties generally attract very little interest and buyers have the chance to pick up a bargain.
So which properties do really well in the auction rooms?
If priced at the right level, any property can sell well in an auction. The majority of properties however tend to be ones requiring refurbishment, buy to let investments, plots of land, properties with structural issues or just ones that are unusual and particularly difficult to value.
Do you have a recent example of a property that has done exceptionally well?
Yes, A dilapidated second floor flat in Hyde Park, Leeds was guided at £35,000 to £40,000 but achieved more than double that figure eventually selling for £92,000 in our auction last month. More than 50 people viewed it in just 4 weeks!
If someone is thinking of selling their property, what should they do?
If you are a property owner in West Yorkshire looking to sell your property, why not look at our guide to selling your auction property. We can explore auction sale, cash property sale or selling via private treaty options with you depending on your situation and how quickly a sale is required.