2021 has been a strange year, a year that has been filled with uncertainty. There has been no option to plan for a few days in advance, let alone for your future! But if there’s one thing that can give you certainty and it’s auctions.
Auctions are an efficient way of buying property at a good price whilst avoiding a potentially lengthy sales processes. Completion falls within 28 days of the hammer falling, there is often no quicker way to buy a property. The exchange of contracts takes place which is legally binding, and ties both seller and buyer into the transaction.
Everyone gets a fair chance due to auctions being a public and open forum. This is a positive feature to the auctions, because you can see your competition transparently, how much that they’re prepared to pay and know that you will be paying one more bid than the previous bidder.
Interesting properties are also sold by the auction method, including those where work is required to increase the properties value. They can therefore appeal to a wide range of individuals: property investors, developers and those looking for their own unique home.
So why now? The remainder of the Stamp Duty holiday runs until the end of September, thankfully our next auction is on the 2nd of September, allowing for completion on the 30th of September, qualifying for the reduction in stamp duty offered by the government.
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