Article: House sells for double the guide price

At A time when experts are predicting a bumpy ride ahead for the property market, Bagshaws Residential managed to sell sixty seven per cent of its properties at its recent auction, including one for double the guide price.

Auctioneer Simon Gillibrand at Bagshaws Residential's auction centre in Derby said: "The conditions in the residential market do have a knock-on effect in the auctions market as buyers tend to be a little more cautious.

"This was a very successful auction because many sellers listened to our advice and were sensible about reserve prices.

"The key is stimulating interest and anticipation beforehand, which generates competition on the day amongst buyers."

One property which ...

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