December 16, 2019   |   Jack Taylor

A Barrowford Auction Success Story

Share  

A big congratulations is in order for everyone at the Barrowford branch who managed to exceed a client’s expectations with the rapid sale of a property at auction. 

On the 31st of October Petty Real staff were instructed to list a terraced house in the Barrowford area for sale with the national auction house “i am sold”. The initial asking price was set at £95,000 with a £5000 reservation fee. The property proved an instant hit generating a great deal of interest, in part because of cleverly chosen asking price and the appealing location of the property. 

To the delight of the client, the house had 24 viewings in just over 3 weeks. On the 26th of November, a secure sale was agreed at live auction, with the final sale price of £132,000 eclipsing the seller’s initial asking price by £37,000!

Ian Bythell, Director at Petty Real, said “The team at Barrowford got every element of this sale right. The initial price was set at a competitive level resulting in a high number of viewings; the reservation fee ensured a secure sale; and above all the client, who was keen to achieve a speedy completion to the process, was really happy to exchange the contract so quickly. I want to take this opportunity to send a big thank you to everyone who was involved.”

Selling a property at auction can have many benefits, over and above the possibility of a quick sale. According to Fiona Stanley, who is part of the Barrowford team and herself an award-winning estate agent: 

“Selling a property at auction can be a great option. Not only can clients get a fast sale, but the legal side can also be much quicker, and the whole process is more transparent.”

The other side of this story comes from the auction company itself. The property was sold through an organisation called “i am sold” which has established itself in the market as a first class auction house blending traditional and modern methods to achieve fast, secure sales with minimal hassle to all the parties involved – the perfect partner for Petty Real. 

  Back to news