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Robin Fern, Farm Agent & RICS Registered Valuer, comments:
For properties that have multiple owners, which could include a family business or executors of a deceased estate, making a clear decision regarding the sale of a property that all parties agree to can be difficult. However, there is a solution.
Stags frequently recommend online auctions because they provide a fast, secure and transparent route to sale, especially when traditional sale methods can fall short. With a strong track record in guiding clients through even the most intricate scenarios, Stags’ expertise in property auctions ensures that every step of the process is handled with care and empathy for each clients’ individual situation.
A recent sale near Teignmouth in South Devon illustrates just how effective this approach can be. A four-acre parcel of land with timber stables was owned under a complex ownership arrangement. With multiple stakeholders involved, agreeing on a sale price could have posed a real challenge. Our recommendation of an online auction offered a neutral, market-driven method, removing guesswork and reducing potential conflict.
The guide price was set at £125,000 to £150,000, and after a very competitive auction, the auction ended with a sale price of £289,000, far exceeding expectations and achieved with full transparency for all parties involved.
While preparing a property for auction requires more upfront work than a private treaty sale, the rewards are clear: once the hammer falls, completion can take place in as little as 20 business days from the date of the auction.
Online auctions are particularly well-suited to cases involving probate, dispute, shared ownership or complex titles, offering a streamlined process where all information is available to purchasers prior to the auction, and those bidding can see the bids coming in live.
With new auction listings going live regularly, now is the perfect time to speak with Stags’ property auction team. Whether you’re navigating a difficult ownership situation or simply seeking a quicker path to sale, the auction route could be your answer.
