Spirited bidding and large crowds were again the essence of our successful November auctions this week. 36 of 38 lots offered sold with many selling for double or close to double their quoted price guides. Buyers know that properties advertised to sell at a John Francis auction will usually be sold through the room and that provides better results for our sellers.
Our auctions in 2015 have been another outstanding success with selling rates at 90% compared to national averages of 70/75%. Our sale rate in the year is also up 5% on 2014.
We are already preparing our March 2016 catalogue and believe this offers sellers and buyers an excellent opportunity to beat the Stamp Duty 3% surcharge for BTL & 2nd homes which comes into effect in April. If you need advice on a property you have to sell please contact one of our offices now!