Buying a property at auction is very popular in the UK, and over the years more and more investors prefer to buy their next property at auction.
If you have become a happy buyer and the auction hammer knocked down for the third time, you can be 100% sure that in 28 days you will become an owner of an apartment or house, as after the third knock down a buyer and seller exchange contracts and should complete a transaction within 28 days. While at the standard purchase of second homes, the paperwork may last to 6 months and the seller may change his mind any time.
The property at auction can be often purchased much below its market value. There are many reasons why property is put up for sale at auction; debt, divorce, inheritance are the most popular ones. Various agencies, ministries and major law firms in the UK hold a lot of real estate, the sale of such objects is made only through auctions. Sometimes sellers need to sell their property as quickly as possible and the price can be lowered. Another factor affecting the price is that the property sold at auctions is often in need of repair, which gives a buyer an opportunity to repair and decorate it to his taste.
Most investors, who have various portfolios of objects, sell them through auctions. Thus, a buyer can buy a ready business, for example, a block of apartments with tenants. There is no need to wait for the end of construction, do repair works and search for tenants. You immediately start to get revenue.
Prime UK Property has been helping to invest in real estate through auctions since 2008. During this period, we have accumulated huge experience and know all nuances that may await a buyer. Many of our properties have doubled in price after the purchase.
We will be happy to share with you our knowledge and experience and select the best option for you.
© Prime UK Property. All rights reserved, 2021 г.
Prime Uk Property Limited, registered in England and Wales. Company number 9606306.Registered office 27 Hill Rise, Woodhouse Eaves, Loughborough, LE12 8QX.
Your privacy is very important to us. We want your work in the Internet to be as pleasant and helpful as possible and you to easily usea wide range of information, tools and opportunities that the Internet offers.
The personal information collected when ordering the services (or in any other form) is mainly used for preparation of services according to your needs. Your information will not be disclosed or sold to third parties.
What data is collected on the website?
At voluntary sending data via forms, you send your Name, E-mail or phone number.
For what purpose is this data collected?
Your name is used to refer to you by name, your e-mail or phone number – to talk to you about the possibility of providing our services.
Your name, e-mail or phone number are not disclosed to third parties, under no circumstances, except in cases provided by law.
Nevertheless, even though we strive to protect your personal information, you should also take measures to protect it.
We strongly recommend you to take all possible precautions when you are online. Our services and websites include measures to protect data from leakage, misuse and alteration of information that is under our control. And though we do everything possible to ensure the integrity and security of our network and systems, we can not guarantee that our security measures will prevent unauthorized access to this information by third-party hackers.
To contact the website administrator with any questions, you can send an e-mail to info@primeukprop