Bidding at auction from your armchair
PUBLISHED: 15:40 14 October 2015 | UPDATED: 15:40 14 October 2015
If you can't attend an auction, don't forget you can bid for properties online. Property editor CAROLINE CULOT spoke to Martin Cunningham from Auction House
Following last week’s feature about Arnolds Keys’ new online property service, it has focused people’s attention on the process of not just looking for a property but actually buying or selling one in an eBay-style fashion.
Auction houses across the region offer many ways of you being able to make a bid without actually having to be in the sale room - either online or by proxy or even making a telephone bid.
However, it should not be forgotten that you can actually buy and sell completely at the touch of a button using Auction House’s online service.
Martin Cunningham, from Auction House, said: “The internet has been positively responsible for step-change across many industries, in particular retail and service business sectors.
Traditional estate agents, in the main, have embraced the net, firstly through leveraging it for marketing of houses and now as technology, communications and online information has developed.
“At Auction House, we have developed Auction House Online; this compelling proposition provides an ‘eBay’ style platform to sell good quality residential homes that can be vacant, tenanted or owner occupied provided the owner has no onward chain. Other key benefits of selling using Auction House Online is that the seller pays zero sales commission; we achieve this by flipping the business model and charging the buyer a buyer’s premium.
“All properties are sold are subject to a reserve and sellers can accept pre-auction offers if they wish and all properties are thoroughly marketed across property portals such as Rightmove, Zoopla and locally, homes24.
“We provide auction valuation advice, instruct conveyancing and communicate progress.
“Our sales process is designed to deliver completion in sub 70 days, impressive when you consider private treaty transactions are taking a national average of six months.”
Currently Auction House has one property in Earlham House, Norwich for sale in its online auction for a starting price of £75,000 - but be quick as the sale ends today.
For more information go to www.auctionhouse.uk.net
Pictured is Earlham House where a studio flat is for sale in the Auction House online sale .