Fantastic May Auction

News at John Francis | 13/05/2022


John Francis Auction Department were delighted with the result achieved in our second auction of 2022 held online on May 11th. There were a few stand out lots and in particular Keepers Cottage that was marketed by our Cardigan office was guided at £120,000, they carried out over 60 viewings in the 5 weeks of marketing and after a flurry of bids the property sold under the hammer for £282,000. Richard Emanuel who runs the auction for John Francis commented that once the property was sold his phone rang and at the end of the line was a delighted seller. Richard went on to explain that the key to a successful sale by auction is that the property is advertised with a 'come and get me price' that ties in with the reserve figure, less is more and the lower the guide the more buyers will view and in turn interest. There is a risk but the property will find it's true market value at that time but generating interest is a must and that the sale price could be well beyond any valuation we as agents give and a figure well beyond the sellers expectations but the real advantages are that there are no delays with the legal process, there is complete transparency and as we do set reserves the property is not sold under a figure that the client is happy to accept. OUR NEXT AUCTION IS ON JULY 13TH 2022. MAY RESULTS - 83% success rate, £1.6 million sold in value, 41% price achieved over the guide. Call 01267221554 or your local office to book a free auction valuation.