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Want to sell your house quickly at auction?

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Need to sell your house quicklySell your house at auction

To sell your house quickly at auction is clearly one of the options available if you need to sell your house quickly Bristol or Swindon.  To sell your house at auction will usually take less time and hassle than the traditional sale via an estate agent,  but on the other hand is not the quickest option available and might not bring you the best return. However it’s good to consider all the possible options while researching who will buy my house quick to be able to choose what suits you best.  In some instances an auction sale simply won’t work.

Sell your house quickly at Auction

When you decide to sell your house quickly at auction the process is pretty easy. You have to register your property with an auction company and your property will go to the next auction usually in a month time. That’s  good news as you can expect the house to be sold in one month while on the open market it might take you a few months or even years. If you decide to sell your house quickly at auction, ensure to set your reserve price to a secure value which you are happy with. A reserve price can be set as low as £0, like for this Britain’s cheapest house on sale for £0 article in The Telegraph or as high as you are comfortable with.  When the reserve is met, the property is sold and is too late to change anything.  After you get the reserve price, you have to  wait for another month to complete the purchase. If you don’t get the reserve price, you can start all over again. The full “This is Money” report “Buying and selling at property auction” explains in more details the full process of selling at Auction . If everything goes according to plan, a property can be sold in 2 months, which is good in the current market. In order to maximise your profit, experts recommend to go to a big auction like Auction House, but on the other hand local auctions have their benefits by bringing together all the local investors. If you need to sell your house quickly Swindon, then Strakers Auction will be the one to go to.

However selling your house at auction doens’t suit everyone. If your situation is more complicated like: if you need to sell your house quicker than 2 months,  if you needto sell your house in negative equity, or if you determined to get more money for your house, then you need to find another way of selling your property.

Auction after repossession

When repossessed houses are sold at auction is a completely different matter and you don’t have control any more.  Bank will sell your house quickly at auction to recover the money, so the reserve price on the house usually is just to cover the outstanding mortgage or less. In this situation you won’t get any money from your property and if you have extra borrowings on your house or property is in negative equity, you will be responsible for the shortfall. So after the property is sold, you will be stuck with another debt.  If you are experiencing financial difficulties, don’t wait until repossession, take action now. Contact QuickHouseBuyers.co.uk or another similar company who will be able to help.

Sell your house in negative equity

If you need to sell your house in negative equity, then an Auction won’t really help, as you won’t’ be able to sell your house quickly at auction for more than the market price. Neither you could sell your house on the open market unless you pay the shortfall between the house value and the outstanding mortgage. The best option for you here would be to get help from buyers who specialise in negative equity property like Quick House Buyers or a similar company. We buy houses in negative equity.

“We believe there is a solution to any property problem.”

To your happiness.

Dasha