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Competitive bidding - a live example

Follow another one of our latest properties going onto the market via our Competitive bidding method of sale.

Location - Ash Crescent, Bromyard, Herefordshire

Price - Starting at £169,000

This house offers an exciting opportunity for anyone looking to purchase a home and put their own mark on it. On the ground floor you will find the hallway, kitchen and the living / dining room with access to the rear garden. On the first floor there is a family bathroom and two bedrooms, both with enclosed storage.

The property has a fenced rear garden with side access and outdoor storage at the front and rear.

Find out more about this property here - bidding room.

So what is Competitive bidding? At ODOS Properties & Partners we have a few different routes to market, one size certainly doesn't fit all when it comes to selling property!

We look at the type of property and ultimately what factors our Clients treasure most when it comes to selling their property. For example we look at factors like; their timeframe, security of sale, state of property and type of property.

Our Competitive bidding method (otherwise known as online auction) is a method that has been increasingly popular with some of our Clients over the past couple of years as this method eradicates the chance of a sale falling through, guarantees a fixed timeframe and achieves market maximum for their property.

If Competitive bidding is so good, then why doesn't everyone sell their home using this method? We have no doubt that Competitive bidding is an extremely successful method of sale, some property professionals even believe that it will soon become the most popular method of sale in The UK. There are however a few reasons why this method of sale may not be right for our sellers.

1) There is a stigma / behavioural challenge we must overcome, sellers believe that if something is going to auction, it is going to be sold at less than market value.

2) Education - This service is relatively new compared to private treaty sales (common method of sale) therefor we need to educate buyers and sellers on how the process actually works.

3) Timeframes - some sellers don't want fixed timeframes - they may not have found their next home yet, they need flexibility in order to tie chains together without having to move into temporary accommodation.

To find out more about our methods of sale contact one of our team members by calling 01531 825736 or by visiting our sales page.


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