Southport Property Auctions

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Selling your Liverpool property
Our properties are marketed via major property websites.
Venmore have over 160 years’ experience selling property in Liverpool – it’s fair to say that during that time nobody has sold more properties than us!

Our auctions are held every 7 weeks in the prestigious Liverpool Town Hall to a packed Council Chamber. The hammer falls on an average of 85% of the lot’s offered. In real terms this means 85% of our sellers have received the cash for their property within 10 weeks of their property being valued.


When compared with the average time to sell a house on the open market of 34 weeks and an average completion time of 12 weeks this makes Auctions an attractive option.

What types of property are likely to be included in an auction?

We sell a wide variety of properties at auction including residential houses and apartments, land, commercial properties and ground rents. Basically anything registered with Land Registry!

A typical auction will include the following:

• Residential & commercial properties
• Properties requiring refurbishment or repair
• Repossession properties
• Tenanted properties
• Unmortgageable properties
• Properties where the vendor requires a quick cash sale
• Land with or without planning permission
• Short leasehold properties
• Probate properties
• Lock-up garages

A typical auction property is either one that needs a little tender loving care to bring it to a marketable and mortgageable state or one where selling at speed is as important as price. Typically the latter is either as a result of an impending or actual repossession or a family being bequeathed of a property that they have no immediate need for.


The auction process has many advantages for both people buying and selling – three of the main ones are:


Certainty

Once the hammer falls a legally binding contract is formed and the property is sold. The purchaser normally pays a 10% non-refundable deposit and signs a contract committing to complete the purchase within a set time which is usually 4 weeks of the date of auction. It`s that simple, no protracted negotiations or the chance of a sale falling down after survey, the deal is done.

Once the hammer has fallen the house is sold, it’s not subject to contract or dependant on funding being raised, or a survey being done, it’s simply sold.


Market Price

The appetite of the buyers in the auction room will determine the price that is obtained – so this gives both parties peace of mind that a fair market driven price is what is being paid. During an expert market appraisal both the guide and reserve prices are set and often the reserve prices are easily exceeded. We regularly see the right type of property will obtain a much higher price in auction than by selling the traditional way.


Speed

As all the decisions are made prior to the auction day once the hammer falls the timeframe for completion, generally 20 working days is set. This benefits both sides. For the seller the additional advantages are that the property is marketed with an immediate impact. All of the traditional marketing tools for property are used; websites, property portals (Rightmove) plus newspaper advertising, together with distinctive For Sale at Auction boards.


Your property will be marketed to our database of over 25,000 registered clients, including 3,000 landlords who own and manage properties throughout the North West.



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