SELLING property at an auction is usually considered to be reserved for fixer-uppers and unwanted properties. But this isn’t true at all. 

Auctions provide a fast route to achieving a sale for those looking to sell quickly. It’s a convenient way to sell property, with a marketing period in the lead up to the auction of around 6 – 8 weeks.  

When your property or parcel of land is up for sale, you don’t have to worry about it going for lower than you are willing to accept. You will be protected by an undisclosed reserve price, which will be the minimum price which your property will sell for. 

The gavel will fall when the highest bid is reached, and contracts are then legally exchanged with completion set normally 28 days thereafter, but can be longer should you wish, meaning you have more certainty moving forward with future plans.  

Auctions have become a lot more accessible with live streaming and online options, meaning there are more buyers for each property. Here at GTH we still see great results for all types of property and land at auctions right across our region. 

Recently, Greenslade Taylor Hunt held an auction at Aldwick Estate. A variety of bidders, including developers and investors, ensured the prices for land in particular comfortably exceeded pre-sale estimates.

It was North Somerset land that created the most spirited bidding with just shy of £20,000 per acre achieved for 5.5 acres of agricultural land in Dundry, just outside of Bristol.

With bids coming from local people, investors and developers looking at land for offsetting purposes, the land at Dundry and Wedmore exceeded expectations.

A wide variety of properties can be sold at auction to include, residential, commercial, building plots and agricultural land. 

If you wish to discuss the possibility of auction for the sale of your property, please contact one of our property auctioneers, Justin Lowe on 01935 423474 or Robert Baker on 0117 203 5577.