With 2024 slowly approaching its end, November represented the last opportunity for vendors to sell their property and receive their funds before Christmas.
When a property sells online via Edward Mellor property auction, contracts exchange and the seller receives their cash in as little as 28 days. This proven method of selling allows vendors to dispose of properties that might otherwise struggle on the market with a guaranteed sale and a great price.
By leveraging decades of auction experience, our professional auction team works with clients to ensure that we understand their motivations for selling and the potential value of their homes.
Whether our clients are selling residential properties, commercial units or land for development, we have the resources to take a property from ‘For Sale’ to ‘Sold’ in weeks rather than months.
This allows clients to secure the funds they need when they need them, allowing them to proceed with onward purchases and investments, conclude probate procedures or simply prepare for the holiday season.
During our November property auction, we exchanged contracts on 35 properties, achieving over £5,200,000 in sales for our vendors.
We still have a few properties available, so if you’d like to learn more or enquire about one of our remaining lots, simply view our auction page by following the link below.
We’ve got some fantastic auction success stories lined up this month, each showcasing how our talented auction team can help vendors sell properties in record time. It’s always tough to choose just a few examples, but we felt that these lots demonstrated how auctions can help sell properties quickly when vendors are dealing with challenging circumstances.
The owner of this property had recently closed the associated business following the heartbreaking loss of her husband, deciding to sell a deeply emotional undertaking.
Understandably, the client wanted a fast and reliable sale that would allow her to begin to move forward past such an emotionally challenging time. After speaking to the Edward Mellor auction team, she trusted us wholeheartedly to guide her through the auction process.
As a mixed commercial and residential building set within a highly desirable location, we were sure that the property would represent a great investment for the right buyer.
We spoke with the seller and proposed a tailored plan outlying where the property would appear in the auction and at what price. We set a relatively low opening bid amount, confident that this would generate interest and attract a lot of bids during the sale.
On the day of the auction, Mossley Road exceeded all expectations and sold for an incredible £110,000 above its reserve price.
This was an amazing result for both our team and for the client. Most importantly, it was a result that provided her with financial security and a sense of closure.
This two-bedroom end-terrace property had previously been configured as two separate flats, but now stood empty and had fallen into poor condition. Given the property’s condition, the owner had struggled to sell the home on the open market.
We could tell that Ashton Road represented a fantastic refurbishment opportunity, so set an attractive guide price of £60,000 to inspire investor interest in the sale.
On the day of the auction, nine bidders competed for the property and placed 37 bids eventually reaching an impressive sale price of £100,000.
By taking their property to auction, the vendor not only secured a quick sale but also achieved a price that exceeded their expectations.
This was a great result that demonstrates perfectly how selling at auction can be the solution to ‘problem properties.’
This property was brought to the auction team after one of our regular customers recommended Edward Mellor to the vendor based on their previous positive results.
Although in need of modernisation, this home had two strong selling points with its good-sized plot and desirable location in Urmston in Trafford.
Again, owing to the condition of the house we agreed with the vendor to set an attractive opening bid price, as we knew that the home would generate a lot of interest.
There were several pre-auction offers on the property but it was agreed that letting the house go to auction would allow for a transparent sale process and give the vendor the opportunity to secure the best possible price.
With a reserve price set at £121,000, Fairholme Avenue eventually sold for a whopping £241,000!
The client was quick to thank Kate and Louise for their support and all agreed that this was another result we could all be proud of.
If you are looking to sell your property at auction, speak to our auction experts today. Edward Mellor is a leading national property auction house and the only local organisation that combines auction, estate agency, and financial services under one roof.
Our final online property auction of 2024 is set to take place on the 4th – 5th of December, so register today to bid and access legal packs for the properties on offer.
If you would like to find out more about selling at auction or how to register to bid, please do not hesitate to contact the auction team on 0161 464 7903 or email [email protected].
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