How to contact the sales experts at McHugh & Co Auctions
McHugh & Co Auctions is an estate agent and auctioneer company that was launched in 1983 and sells a diverse mix of residential, commercial and investment properties. They are open every Monday through Saturday, although their experts can arrange viewings on Sundays and Bank Holidays in order to reach the widest possible range of property buyers before an auction takes place.
The company’s focus is on selling properties within London and also the Greater London area, and McHugh & Co Auctions declares its broad knowledge of the region’s property market. It typically hosts an auction either every month or at least every other month throughout the year, so no matter when you try to sell your property, you should be able to find a suitable auction.
As with many other property auctioneers, McHugh & Co Auctions currently holds its auction online and you must pre-register in order to attend them. The auctions take place via livestream in real time, allowing people to place bid by proxy – through which they tell the auctioneer their maximum bid in advance – via internet or telephone wherever they are located.
One great feature that McHugh & Co Auctions offers for its properties is that most properties listed for auction include a virtual or video tour, which allows prospective buyers to explore properties in more depth and get a better sense of whether they might want to buy them.
Telephone number: 020 7485 0112
Email: sales@mchughandcompany.co.uk
Website: https://www.mchughandco.com/Auctions/Auctions.aspx
Address: 71 Parkway, Regents Park, London, NW1 7PP
Important facts you should know about property auctions
Selling your property at auction starts when you get in touch with an auction house and they prepare a listing that details your property and includes photographs, which is then advertised online, in local newspapers and elsewhere to attract interest from potential buyers. A few weeks later the auction will take place, and if you receive even one qualifying bid on your property then that is considered an enforceable agreement to purchase the property. And finally there could be a wait of a few weeks after the sale whilst all of the legal paperwork is completed, but generally most auctions are finalised within 28 days after the sale takes place.
Properties can be unpredictable and it’s important to know that before you decide to sell using this option. Your hope is that many people want to purchase your home, because then they will keep trying to outbid each other. Yet you might only get one bid at the opening minimum reserve price, which is the lowest price you’re willing to sell your property, and you’ll have to accept the sale at that value. In worst case scenarios you might not receive any bids, which simply means that your property does not sell.
Still, some homeowners do prefer to sell their houses or flats at auction because the day of the auction gives them at least some potential certainty about when their property might sell.
Auctioning a property with McHugh & Co Auctions: top questions and answers
Although the auction house is able to sell a wide-ranging portfolio of investment, commercial and residential properties, it has a focus on London and the Greater London Area,
Yes, like other auction houses, McHugh & Co Auctions works on a commission basis, so you will have to budget for deducting that cost from the final net sale profit.
