Perils of the auction: Why MPG the property buyers can offer greater security

When organising the sale of a property, several routes can be taken dependent on your circumstances. You may have worries about a chain breaking down, want to avoid estate agents and other property buyers wandering through your property or perhaps need to release equity from your home quickly to be employed in other areas.

Whatever the reason, the route of selling your property at auction is often thought to facilitate an easy and quick sale by exposing your property to a host of eager house buyers. However, homeowners should be aware of some of the potential pitfalls to this method: -

1. Volatility of the Sale – Auctions are far more volatile as a means of selling your property, it is quite possible you will achieve a far lower price than expected. Therefore you can never guarantee property yielding the amounts you may be banking on for use in other areas.
2. Cost-Effectiveness – Often auctions are thought to be a reasonably cost-effective means of sale, but beware; the fixed costs involved can often outweigh normal estate agents fees.
3. Legal Representation – At an auction your solicitor must be present to oversee the signing of the contract and to answer questions. Again, this is an additional cost and inconvenience you will have to bear.
4. Greater invasion of privacy – You are obliged to let all interested parties into your home as well as making the property available to respective surveyors.
5. Vacancy – You must be ready to vacate the property within a time scale of 28 days so you need to be prepared to move quickly.

An alternative to this method is to use a reputable property buyer like MPG investments. When we buy property, there are several significant advantages that we can offer over the auction route: -

1. Preservation of privacy – We deliver a private and confidential sale of your home without the need for several parties to visit.
2. Stability of Sale – We offer a free property value assessment anywhere in the UK combined with a guaranteed offer in writing. We are able to do this, as we are cash funded buyer with no need for the usual mortgage company approvals. This enables funds to be transferred usually within seven days.
3. Cost Effectiveness – As professional investors we charge no fees whatsoever. Not for valuation, selling, or listing – we’ll even pay your legal fees if you use our recommended solicitor, or give you £500 toward your costs if you choose to appoint your own.
4. Legal Representation – The simplicity of using property buyers means that the requirement for Solicitors time is kept to the very minimum.
5. Vacancy – We can delay the completion of the sale in order to give you the maximum time to find a new property. You can also make use of our scheme to sell your home and then rent it from us.

In summary, using property buyers like MPG investments brings you solid guarantees when selling one of your most valuable assets. The Auction environment leaves things very much to chance and you can never be 100% confident that funds you receive from the property sale will be at their maximum, particularly after the fee structure and variations in bidding that can happen on any given day are taken into account.

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