The first property auction of 2017 has been announced by one of Mid Wales and Shropshire’s leading estate agents.
Morris, Marshall and Poole has revealed 27 April as the date for its Spring Property Auction which will take place at Welshpool Livestock Sales near Welshpool, Powys.
It is the latest in a series of successful property auctions organised by MMP. “Property and land auctions are becoming increasingly popular among vendors and buyers as we have seen over recent years at our auctions,” said Andrew Turner, a partner at Morris, Marshall and Poole which has offices throughout Powys, Shropshire, Ceredigion and Gwynedd.
“Such auctions suit some types of property and land that is likely to generate a large amount of interest because it might be unusual, a certain type of property or just rarely comes to market.”
For the seller an auction provides certainty that once sold at auction the bidder is legally obliged to complete the sale, unlike a “sold subject to contract” through a conventional sale.
It is often also a quick way of selling a property or land. For the buyer it provides certainty, control and transparency as they know how high they want to bid and purchase the property and that if successful it’s there’s as the seller cannot withdraw unless the property fails to reach a level agreed with the auctioneer.
Morris, Marshall and Poole will be auctioning property and land from its offices at Newtown, Welshpool, Oswestry, Llanidloes, Machynlleth, Aberystwyth and Tywyn at 2pm on 27 April and has issued a call for any property or landowners who want to sell through an auction to contact them by emailing firstname.lastname@example.org.
More details can be found at www.morrismarshall.co.uk or by contacting one of its offices.