Auction House Directory
Parrys

Auction Categories

Property, Real Estate, Land & Investment auctions, Government Auctions UK 

Auction House Details
Parrys Property a family run firm of Chartered Surveyors, proud of our reputation and dedicated to providing the best possible service. Senior Partner, John Parry has lived and worked in the area for virtually all his professional life, as have many of the staff.

We are experts in our local market, and with national connections, we can advise on all aspects of residential and commercial property

A GUIDE TO SELLING PROPERTY BY PUBLIC AUCTION

Parrys hold regular auction sales at various venues throughout our region.

Public auction is an increasingly attractive method of both buying and selling residential property.

For the seller the main attractions are fixed timescales and that the amount of competition at sales gives the probability of a higher price than private treaty sales.

For the buyer it is a transparent process. The sale is binding at the fall of the hammer, the completion date is fixed and there is no danger of gazumping.

SELLING YOUR PROPERTY AT AUCTION

Not all properties are suitable for sale by auction. We will be happy to advise, without any charge or obligation, whether or not your own property would be suitable.

From the date of instruction to the date of the auction we normally require a minimum of 6 weeks, but would recommend eight weeks, to market the property properly.

Our sales are usually held in the early evening at a local hotel, or suitable pub near to the property. Where possible we will combine your sale with sales for other vendors. This will both reduce costs and ensure a larger attendance at the sale which creates a better atmosphere ‘in the room’!

During our discussions we will advise the likely sale price and reserve. We will also advise as to our terms of business and discuss the costs of the sale.

You will need to appoint a solicitor at an early stage. Your solicitor will need to undertake all the work necessary prior to exchange of contracts, such as local searches, well before the date of the auction. Your solicitor would normally attend the auction. If your solicitor is based at a long distance we can help in finding a local solicitor who can attend for them.

Close to the date of sale, and often on the day itself, we will agree a reserve price for the property. This price, which is not disclosed to any third party, is the figure below which you will not sell. This reserve should always be the minimum which you are prepared to accept and not the maximum you hope to achieve.

When the property achieves, and hopefully exceeds the reserve price, it is sold and an immediate deposit of 10% of the sale price is paid by the purchaser. The remaining 90% of the sale price is paid to your solicitor on completion, which is normally fixed for 28 days after the date of the auction sale.
If a sale by auction is not achieved the property can be, and often is, sold privately immediately afterwards in the saleroom, or within a few days of the sale.

PARRYS conduct many auction sales during the course of the year. Not just for residential property but we can also arrange the sale of land, house contents, chattels, antiques and fine art. We can also advise on the sale by auction of all types of commercial property, both at our own local sales and via our excellent connections with national auctioneers in London.
For further information please contact your nearest office, or contact our senior partner John Parry FRICS on 01989 768484 – E-mail john.parry@parrysproperty.co.uk
 

gauk Auctions: Car Auctions - Government Auctions - Bankrupt Stock Sales - Police Auctions - Liquidation Sales - Antique Auctions - Surplus Stock

For full details of Auctioneer Parrys

Please Log In

Auctioneer's Address:
Telephone:
eMail:
Website:
Lot Items:
Auction Dates:
Auction Catalogues: