What is a guide price? 🤔 If you're looking to buy at auction, let us be your guide! Tune in and watch our latest video for Colin's lowdown… | Auction House North East
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What is a guide price? 🤔 If you're looking to buy at auction, let us be your guide! Tune in and watch our latest video for Colin's lowdown… | Auction House North East
329 viewsApr 21, 2023
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A buyers guide to property auctions - How to buy at auction
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£49,000 guide price | 3-bed | Walsall🏡 This one is heading into our online auction next week, what do you think the final selling price will be? 🏡3-bed semi-detached 💰£49,000 guide 📍Walsall #auctionproperty #buyatauction #underthehammer #propertyauction | Under The Hammer
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£49,000 guide price | 3-bed | Walsall🏡 This one is heading into our online auction next week, what do you think the final selling price will be? 🏡3-bed semi-detached 💰£49,000 guide 📍Walsall #auctionproperty #buyatauction #underthehammer #propertyauction | Under The Hammer
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The one number that actually matters in a property auction When selling a property at auction, there is a lot of noise around guide prices marketing figures and what it might make But there is only one number that truly matters The reserve price The reserve is the seller’s minimum acceptable figure If bidding does not reach it the property does not sell Simple as that As auctioneers we cannot sell below the reserve So if the reserve is unrealistic no amount of marketing hype or bidders will save
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This is what a guide price of £19,000 could get you at auction…🏡 This one recently sold at auction for £125,000, giving you a glimpse into the reality behind the guide price vs the final price with property auctions. Between the two-tiered garden to the spacious living areas and bedrooms, we definitely see the potential here! Follow along for more house tours and auction intel🫡
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