Liverpool Property Auctions

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Selling your Liverpool property
Our properties are marketed via major property websites.
Venmore have over 160 years’ experience selling property in Liverpool – it’s fair to say that during that time nobody has sold more properties than us!

Auctions are held every 7 weeks in the prestigious Liverpool Town Hall to a packed Council Chamber, the hammer falls on average on 85% of the lot’s offered which means 85% of our sellers have received the cash for their property within 10 weeks of their property being valued.


When compared with the average time to sell a house on the open market of 34 weeks and an average completion time of 12 weeks this makes Auctions an attractive option.

What makes a typical auction property?

We sell a wide variety of properties at auction including residential houses and apartments, land, commercial properties and ground rents. Basically anything registered with Land Registry!

A typical auction will include the following:

• Residential & commercial properties
• Properties requiring refurbishment or repair
• Repossession properties
• Tenanted properties
• Unmortgageable properties
• Properties where the vendor requires a quick cash sale
• Land with or without planning permission
• Short leasehold properties
• Probate properties
• Lock-up garages

A typical auction property is either one that needs a little tender loving care to bring it to a marketable and mortgageable state or one where selling at speed is as important as price. Typically the latter is either as a result of an impending or actual repossession or a family being bequeathed of a property that they have no immediate need for.

Selling and buying at auction offers many advantages for both the buyer and seller. The three main advantages it offers both parties are;


Certainty

Once the hammer falls a legally binding contract is formed and the property is sold. The purchaser normally pays a 10% non-refundable deposit and signs a contract committing to complete the purchase within a set time which is usually 4 weeks of the date of auction. It`s that simple, no protracted negotiations or the chance of a sale falling down after survey, the deal is done.

Once the hammer has fallen the house is sold, it’s not subject to contract or dependant on funding being raised, or a survey being done, it’s simply sold.


Market Price

In the Auction room the appetite of the buyers will determine the price which gives both parties the security that a fair market driven price is being paid. The guide and reserve prices are set following an expert market appraisal and often the reserve price for the property is easily exceeded. It is frequently the case that the right type of property will achieve a far higher price in the auction room than selling by the traditional method.


Speed

As all the decisions are made prior to the auction day once the hammer falls the timeframe for completion, generally 20 working days is set. This benefits both sides. For the seller the additional advantages are that the property is marketed with an immediate impact. All of the traditional marketing tools for property are used; websites, property portals (Rightmove) plus newspaper advertising, together with distinctive For Sale at Auction boards.




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