SDL Property Auctions is to hold its National Property Auction on Thursday 29th April, timed to be the stamp duty holiday deadline on 30th June.
Andrew Parker, managing director of the company, said: “As purchases in this auction will complete by the end of May, sellers can bid confidently and stretch their budgets a little further. Sellers reap the benefits of this flexibility and because contracts are exchanged on the fall of the hammer they have no need to worry about their buyer pulling out or trying to haggle later.”
The company said it has seen a huge increase in interest in auctions over the past 12 months and claims that in the first quarter of 2021, it raised more than £71 million for sellers. Its National Property Auctions, live-streamed from its head office auction studio, regularly feature 200+ lots and attract thousands of registered bidders.
Among the homes going under the hammer in this month’s National Property Auction is a semi-detached house in Birmingham with a guide price of £275,000+. In Derbyshire, 183 Church Street in Ilkeston is a four double bedroomed detached home with the potential to be converted. It has a guide price of £230,000+.
SDL plans to launch a new-style online catalogue where viewers can now scroll through the lots easily without having to zoom in and out on each page. The catalogue will feature articles and adverts from relevant businesses but is now 100% interactive and clickable so readers can get straight to the information they need.
The catalogue also features an introductory video in which Parker answers some frequently asked questions about auctions.
He said: “The auctions market is changing so it is important that we respond to those changes, which is why we have launched a new, user-friendly and interactive catalogue experience. We are proud to be leading the way in this area. As we welcome a great many first-time auction buyers and sellers, we are committed to making their experience a positive one. Auctions are no longer the domain of landlords and investors jostling together in a crowded auction room, so we have created a much more contemporary experience and we pride ourselves on having made it accessible to everyone.”
Bids can be placed in the live-streamed auction on Thursday 29th April online, on the phone, and by proxy.
This post has originally been featured in Property Wire.