Include your property in our May Auctions

IS MY PROPERTY SUITABLE?

Some people think auctioneers only sell problem properties: properties with structural defects or legal issues but that is simply not true.

Any property anywhere can be sold successfully by Christies Network Auctions and a brief look at any of our auction catalogues confirms this. It is usually the circumstances of the seller, rather than a defective property that leads a client to us. Our clients value speed, transparency, and closure and that’s exactly what we provide.

THE ADVANTAGES OF SELLING AT AUCTION

Speed: An auction sale is fast – the buyer commits legally on the fall of the gavel with an exchange of contracts secured by a 10% non-returnable deposit.

Certainty: Auction sales remove the stresses and uncertainty of subject to contract transactions and there are no long drawn out negotiations or renegotiations. Unlike a private treaty sale, absolutely nothing is left to chance.

Transparency: Of course, the great advantage of the auction process is that all interested parties can bid for your property with competition between determined bidders often producing exceptional results. The sale prices we achieve at auction often exceed our client’s original expectations.

Best Price: We have demonstrated time and time again that when local buyers compete against established professional investors at our London and Birmingham auctions we can achieve outstanding results for our clients

WHEN DETERMINED BIDDERS COMPETE...

EXCEPTIONAL PRICES CAN BE ACHIEVED.

Our unique approach combines major auction events in London and Birmingham with a network of partner firms across the UK. Sellers benefit from the best of both worlds – expert local marketing combined with national exposure, the right way to achieve the best possible price for your property.

Selling at auction is fast and certain with contracts exchanged on the fall of the gavel accompanied by a 10% non-returnable deposit. Nothing is subject to contract and there are no protracted negotiations.

An auction sale is transparent because all interested parties have the opportunity to bid and when determined bidders compete, truly exceptional prices can be achieved.

Our clients choose Christies Network Auctions for our professional standards. Our team includes Guy Charrison FRICS FNAVA, ex-president of the National Association of Valuers and Auctioneers (NAVA) and Toby Limbrick FNAVA who trains novice and experienced property auctioneers on behalf of NAVA.

Our growing partner network of leading estate agents, commercial agents and surveyors ensure our clients' properties benefit from the best possible local marketing as well as exposure to Network Auctions national databases comprising tens of thousands of property investors.

Why do we do this?

Because when local buyers compete against London investors at our national auctions we consistently achieve outstanding results for our clients.

We are pleased to advise on all aspects of selling by auction and can provide an appraisal for any property, anywhere in the UK. Call our auction team now or complete the form and we will be in touch, we look forward to helping you.

CHRISTIES NETWORK AUCTIONS ACT FOR PRIVATE CLIENTS AND CORPORATE INSTITUTIONS SELLING ALL TYPES OF PROPERTY THROUGHOUT THE UK.

A Word to the Wise

Nick Churton of our London Mayfair Office considers opposing forces that are affecting the property market this spring.

The post-Brexit property market is turning into a paradox. With low interest rates, declining numbers of unemployed and an economy that appears to be on a strong path of sustained improvement things should be booming. Confidence, the lifeblood of the property market, should be surging though its heart, pumping up prices as the numbers of available properties dwindle. It should be the classic sellers’ market. Except it isn’t. Why?

The answer is that confidence is muted. Concern over Brexit is a factor. So too are the criteria needed to get a mortgage nowadays. Also there is mounting caution over major spending decisions and heightened house price-to-earnings ratios. With rising inflation affecting household incomes, house price rises could be suppressed and in some areas even reversed this year. House prices will reflect growth in households’ incomes much more closely this year rather than outstripping them.

So who does one turn to when the going gets tougher, when selling is harder and when finding a great buyer can’t simply be left to the internet (as if it ever could)? Like most things in life when you need someone to show you the way it is best to find someone who has been along that particular road before.

So if you are selling your home in 2017 here are some important points about this current market that experienced estate agents understand only too well.

1. Don’t believe everything you read in the press. The media is invariably three months behind the market and the national newspapers cannot reflect local market conditions that can swing wildly from county to county and even town to town. But while conditions in some areas might be better than expected, in others there are growing challenges.
2. First time buyers should take advantage of this period while investors are still reeling from stamp duty hikes.
3. Those at the upper end of the market should understand rapid changes in taste, income, lifestyle and generational requirements within the modern family unit. Buyers’ needs are not the same as they were a decade or two ago. These changes affect desirability, suitability and affordability.
4. Start planning your 2017 sale early. Don’t wait. In market terms there is little to wait for.
5. Be prepared to be flexible on price and timing. This positive attitude will bring material benefits as well as peace of mind. Or you can dig your heels in and be miserable.
6. Remember that property values have risen over the past few years so even a negative correction in prices will have little real effect on those who have owned their property for over three years or so. The notion of losing out is uncomfortable to anyone, but experienced movers understand they have to ride the ups and downs.
7. What one loses on the swings one gains on the roundabouts. Price corrections work both ways – on the sale and the purchase. 2017 could be a great year for finding a property. But selling may be a challenge. In property one thing is sure: one rarely wins out both ways! Be realistic.
8. Use an experienced professional to show you the way. Fee-cutting or online-only estate agents can be very attractive to the uninitiated, but don’t be beguiled. You get what you pay for. In this market a wise seller needs sage advice based on experience and know-how. Sellers will need the services of those who offer their clients skill and candour as well as respect - not the scant attentions of those who regard other people’s homes simply as fee-generating units of residence, or as another tick on the office dry-board score sheet. If you are selling and don’t just want to be a number make sure you get market appraisals from several reputable local estate agents and be certain to ask each one how long they have worked in the area. Also ask if they have worked through several market cycles and, most importantly, what they learnt from them.
9. Finally there is no reason why a property that is well presented, in good order and priced correctly should not find an eager buyer. But the right advice is crucial from the start.

Please contact us on 020 8643 7777 or email at info@christiesworld.com

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