We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Anyone sold their house by Auction?
jarwyn
Posts: 1 Newbie
Hi.
After failing to sell our (Buy to Let Mortgaged) property last year - this year I'm thinking of trying to sell it by auction.
I'm aware I will be taking a risk, and will probably not get the full market value on it - but I'm willing to accept this for a quick sale.
Just wondering if anyone had gone through this process and what their thoughts were good / bad - on the process?
Any info or advice gratefully received.
After failing to sell our (Buy to Let Mortgaged) property last year - this year I'm thinking of trying to sell it by auction.
I'm aware I will be taking a risk, and will probably not get the full market value on it - but I'm willing to accept this for a quick sale.
Just wondering if anyone had gone through this process and what their thoughts were good / bad - on the process?
Any info or advice gratefully received.
0
Comments
-
I recently sold a low-value 'problem' property at auction.
But I wouldn't attempt to sell a conventional, mortgageable property at auction.
The pool of cash buyers is much too small - and it's really difficult to arrange a mortgage for an auction property.
I think a better option would be to list it at a low price with an EA, and do an informal tender (i.e. people submit sealed bids).0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards