Buying a property through Auction is always seen to have its risks but buying blind sees these risks soar, yet, we see it happening more and more.
Most buyers who buy blind, lack time. Time to view the property, have a survey carried out or even do their due diligence first. Buying blind may be second nature to this segment of the market and their experience in property is second to none, supporting them to see the sale through. However, this is not always the case.
This couple were successful in the buying of Wrotham Road, Lot 14 in our October 2019, autumn auction, blind. A 3-4 bed mid terraced, period property in need of internal modernisation awaiting a family to love and care for the property, turning the house into a home. In the centre of a small town surrounded by some stunning but quaint buildings so close to the coast this lot had already attracted a lot of attention.
Aspiring to move from London to Broadstairs for the wanted catchment area of the perfect school to send their little girl, it was just a matter of time before the right opportunity presented itself. Only discovering the lot available via auction just days before the gavel was due there was no time for viewing and in order to secure the property a huge decision had to be made by the pair.
What would you do?
After putting forward all the prepared questions to our expert team the couple were confident enough to put forward their best offer and to their delight the offer was accepted, prior to the auction, that same day.
Going, Going, Gone.
With nerves high and the intense excitement uncontainable, the beautiful couple headed to the property, just a stone throw away from the sea in the shire county of Kent to view their project home.
Enthralled they were. Blind buying had paid off and with less than 28 days until completion the family knew they had plenty of time to cosmetically do-up the interior all in time for Christmas.
Happy Clients. Happy Vendor.
Speed is everything in modern day life.