Delight at auction success
Steve Gooch Estate Agents is again celebrating after a successful auction.
Earlier this year a Hartpury farmhouse (pictured) sold 161 per cent over its guide price, at £355,000.
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And when the most recent properties went under the hammer recently the agency were delighted with the results.
Steven Gooch said: "The success and prices we have achieved not only at this auction but at many others is staggering with often guide prices being far exceeded."
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He added property auctions were becoming more and more popular and a "great alternative" way of selling or buying a property.
Steve Gooch Estate Agents is now taking on lots for their next property auction to be held in the New Year.
Its auctions have included a wide range of property types across the Forest of Dean, Newent, Gloucester and Cheltenham areas.
One of the biggest advantages of a property auction for sellers is the potential for a bidding war between two or more parties, which often leads to the property achieving a much higher than expected value, Steven said.
Another great advantage of selling property at auction is the speed at which the transaction can be progressed. Exchange of contracts takes place when the hammer falls and completion is usually no more than 28 days later.
Contact auction manager Nicola Hughes on 01531 820844 to discuss the New Year auction.
Comments
by thomas1996
Wednesday, October 17 2012, 10:47AM
“I wouldn't pay £355,000 for that dump, not unless it came with 10 acres of land with planning permission!”
by NibNobs
Wednesday, October 17 2012, 10:32AM
“Mr. Gooch says: "great alternative" way of selling or buying a property"
Not if you've had your house re-possessed and the building society/bank panic into putting it into an auction rather than selling it where the low price it will achieve further adds to the home owner's debt to the bank.
I think most people think once you 'hand back' the keys you are free from any further debt, nope! the loss the property makes at auction is added to your mortgage debt and you owe even more.”
by Matt1006
Wednesday, October 17 2012, 9:28AM
“I'm quite sure Mr. Gooch is delighted at properties exceeding their auction guide prices - assume he's on a percentage commission on each sale, so the higher the selling price the more commission he earns, for the same amount of effort.
Perhaps he could find a way to target the private owners of long-term empty properties, and persuade them to sell their properties at auction too (perhaps at a lower rate of commission?), so that we can get more of them back into use, rather than sitting there empty...???”