Best to auction than sell house?

[Womencanlift]

I have a property that for various reasons has not been lived in fully for about five years. It needs some work done (new bathroom, new boiler and kitchen could use a makeover). Rest is just cosmetic.

I think a developer could do the changes with a lot more energy, time and money than I have at my disposal. Would be a good little project for someone.

So auction or estate agent? If auction does anyone have any tips as my knowledge doesn’t go much past Homes Under The Hammer!

I think you limit your market hugely by going to auction.
From your description, it sounds like a lot of buyers would be interested in your house, but not many will be able to (even if confident enough to) buy through auction.

Auction is great if you want a quick hassle free sale. It sounds like the type of house that may have lots of interest so you'd likely achieve more on the open market and it may go to best and final offers.

If you did want to put it in an auction, contact a few auction houses (local or national) and they will give you an approximative value/guide price and you pay a fee to put it in the auction. You'll need a solicitor to put together a legal pack and I'd ask if they recommend any. I sold a Hampshire flat in a London auction and it was a very straight forward process.

Estate agent - either builder or people looking for a dooer upper will go for it. Just make sure you price it right.

Thanks all. Appreciate the comments. I will start researching

I'd buy a house that needed everything you've suggested, via an estate agent. I wouldn't touch it in an auction. There's too many clauses that suggest I could lose thousands and I don't know how it all works, so I wouldn't dare risk it. It depends how much you want to limit your market, I guess.

That's my thinking Sting.
I have 3 young people in the wider family looking to buy their first properties and all are happy with the idea of buying places where the bathroom and kitchen need replacing, and also new boiler, but none of of them would consider buying at auction.

Is it mortgageable? Sounds like it is and if so I would go with a normal sale.

Interesting to know, thank you. My limited house buying experience has made me think that estate agents were for walk in properties (cosmetic changes aside) and wouldn’t suit ‘work to be done’ properties. Glad I asked this question

Gosh no. I mean, I am making an assumption that it is at the cheaper end of the market, and not some 10 bed detached, but of the 30 odd properties my dc looked at, I'd say 25 fell into the description of yours - it is how first time buyers get a foot in.

Ha yes it is definitely at the lower end and would be good for a first time buyer with some diy skills and energy to do the work