Auctions the way to go for Horts

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In TODAY’S changing climate for residential and commercial property activity in the UK, forward thinking and commercially minded estate agents are looking to develop their business and market share in as many areas as they can.

One such area is auctioning, which has to an extent been a bridge too far for most estate agents because of a lack of auction expertise, the cost of gaining it, alongside the overall cost of hosting a professional auction.

It is fast because exchange of contracts takes place on the fall of the gavel with completion 20 working days later. It is certain because there are no chains, re-negotiation, gazumping or gazundering. It is efficient because properties will only be sold to serious cash buyers or ones with their finance pre arranged. Most importantly it is transparent because all interested parties have the opportunity to bid and there are no questions over offers, which can occur with sealed bids.

Horts Estate Agents, which has a branch in Rugby, has just joined the Auction Network. This enables the business to place properties in a monthly auction, currently held at Hatfield House in Hertfordshire.

There is only one auction left this year, on Wednesday, December 7.

So, if you are considering trying a different route to sale, and wish to make the catalogue deadline, contact your nearest Horts branch as soon as possible.

Adam Wellesley, director of Horts Estate Agents.