Property auction - deadline for entries 3rd April 2014

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By BubblePR | Wednesday, February 26, 2014, 11:23

Property Sharing Expert estate agencies in Somerset are thrilled to announce the date of

their very first multi-lot property auction in conjunction with auctioneer

Richard Worrall, to be held at The County Ground, home to Somerset County

Cricket Club in Taunton, on Thursday 8th May 2014. Bidding will begin

at 1pm.

Traditionally used for the sale of unusual, dilapidated or repossessed property, auction is now

much more commonplace in the mainstream market, popular for providing both

buyers and sellers of all types of property with complete transparency. With all

interested parties in the same room and the fall of the gavel representing an

immediate binding contract, buying and selling at auction offers a high degree

of certainty that a sale or purchase will be agreed on a given day, at the best

possible price.

Property for sale by auction benefits from the 'usual' marketing activities as well as

featuring in the auction catalogue, which is mailed out to investors,

neighbouring properties, developers and registered home-hunters throughout the

region and beyond. There is also a choice of contracts – the traditional

auction contract requires an immediate deposit of 10% and completion within 28

days, and the Conditional Auction Contract opens up the opportunity to bid at

auction to more buyers, requiring an immediate deposit from just £3,000 and

completion within 42 days, allowing additional time for legal or financial arrangements

to be put in place.

Auctioneer, Richard Worrall is highly experienced and has been taking the podium to sell

property by auction for Property Sharing Expert estate agencies in Devon and

Cornwall for the last few years, with great success – last year saw 80% of the

properties entered sold, raising a grand total of more than £3.5million for


Entries into the Somerset auction are currently being processed via Gibbins Richards,

Yule Property Specialists, Jeanes Holland Burnell and Orchards Estates. The

deadline for entries into the inaugural event is Thursday 3rd April.

If you

have a property to sell and would like to discuss auction as a route to market,

contact your local Property Sharing Expert estate agency. There is one near you

– check out the Agent's Directory at





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