Property Auction Secrets with director of Auction House Stuart Cooper

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In this episode of This Property Life, host Sarah Blaney sits down with Stuart Cooper, Director of Auction House North West, to break down everything you need to know about property auctions. They discuss why auctions are a key indicator of the property market, how to buy and sell successfully, and what common mistakes to avoid.

Stuart shares valuable insights from his 30+ years in the industry, from the rise of online auctions to unique properties like windmills and train stations finding their true market value under the hammer. If you’ve ever been curious about auctions or want to improve your strategy, this episode is packed with actionable advice.

Key Takeaways:
-How auctions act as a real-time barometer of the property market.
-The shift from in-room to online auctions and what it means for buyers and sellers.
-Why properties end up at auction, including unique sales like train stations!
-The step-by-step process for selling at auction and setting the right reserve price.
-Common mistakes buyers and sellers make at auction (and how to avoid them).
-What buyers need to know about legal packs, deposits, and financing before bidding.

Episode Breakdown with Timestamps:
[00:00] - Trailer of the episode.
[01:24] - Introduction to Stuart Cooper & the world of auctions.
[02:06] - Why auctions reflect the property market in real-time.
[04:57] - How COVID accelerated the shift to online auctions.
[09:58] - The types of properties that go to auction (residential, commercial, and unique).
[15:28] - How to list a property at auction & set the right reserve price.
[20:07] - What buyers must check in the legal pack before bidding.
[23:35] - Why some properties sell before auction & when sellers should accept early offers.
[29:45] - The importance of registering as a buyer & proving your funds.
[34:05] - The risks of auction fever: why some buyers overpay.
[39:15] - Final advice for buyers & sellers in the auction market.

This Episode is Kindly Sponsored by: Visit thispropertylife.co.uk for more resources, networking events, and industry insights.

Follow the Guests:
LinkedIn:  / stuartcooper3  
Twitter: https://x.com/StuartCooperRH
Company's Twitter: https://x.com/AHNorthWest
Company’s LinkedIn:   / auction-house-north-west  
Company’s Facebook: https://www.facebook.com/AHNorthWest/...
Company’s website: https://auctionhousenorthwest.co.uk/

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Instagram:   / sarah.in.property  

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