Contact Town & Country Property Auctions when you’re ready to sell your property
Town & Country Property Auctions offers free property valuations for many commercial and residential properties in the UK, but note that this does not apply to properties in London or Ireland. Throughout its history, the company has sold many types of residential properties including cottages, bungalows, flats and houses, as well as land and commercial properties.
Unlike some other auction houses, Town & Country Property Auctions state the fact that it operates using a method known as buyer’s premium, through which the winning high bidder on a property is also responsible for paying any commissions that the seller might have had to pay. Although Town & Country Property Auctions says that this happens in most cases, you should always be sure to check with the company that the approach applies for your property sale.
Town & Country Property Auctions hosts its auctions either in-person with the option of joining remotely via an internet livestream, or solely online. The company handles properties throughout the UK, with a calendar that often includes more than one auction a month. Commercial and residential properties that the company’s website lists for future auction could be anywhere in the UK, including properties in London.
Telephone number: 0800 334 5090
Email: info@townandcountrypropertyauctions.co.uk
Website: Town and Country website
Address: 1-3 Imperial Buildings, King Street, Wrexham, LL11 1HE
About the process of selling your property using the method of auction
One of the most important decisions that you will make when selling your property via an auction is deciding on the opening reserve price. This is the minimum value that you are willing to accept for selling the property. Auctioneers will often try to get you to set this price at a level below the property’s market value to encourage bidding.
Whilst that scenario is ideal, it’s not guaranteed and auction outcomes remain unknown until the close of the auction. You might not receive any bids, and that means your property does not sell. You might only receive a bid at the opening reserve price, which is a legally binding agreement to buy your property. As such, you must prepare a detailed budget in order to know that you’ll still make a a sufficient return if you only get that one bid.
The average timeline for selling a property by auction can be about a month or more. There might be a delay of several weeks between the date on which you enter your property into an auction and the date on which the sale takes place. And even if your property sells at an auction, you could experience a delay of a few more weeks until the buyer can complete all of the legal paperwork for purchasing your property. But most auction houses set a deadline of finalising the purchase of a successfully auctioned home within 28 days of the sale occurring.
Answers to questions about Town & Country Property Auctions
Yes, the company says that it has successfully sold many types of commercial and residential properties through its auctions, including flats, houses, plots of land, and other examples.
Nothing. Although many auction houses charge property sellers commission for the effort of selling a property, Town & Country Property Auctions instead follows a method known as buyer’s premium, meaning the winning bidder on a property is responsible for paying those fees.
You can find a full list of the company’s upcoming auctions and the properties listed for sale by visiting townandcountrypropertyauctions.co.uk
