Wetherby housing development show homes go to market

A housing development firm has announced “exceptionally” high interest in its nearly completed Wetherby development.

Interest in the five- and six-bedroom show homes has been high and unlike other homes on the development, Bellway has invited sealed bids from would-be buyers.

Melanie Smith, Bellway Yorkshire’s sales director, said: “The demand for homes on Spofforth Park has been high since we launched in 2017. If anything, this demand has grown the closer to completion we’ve got, which is easy to understand when you look around and see what a spectacular place it is to call home.”

“Both show homes have a attracted a lot of attention since opening and the sales advisors have been inundated with questions about when they’d be available to buy, how much they’d cost and whether they could be reserved early. Given this level of interest inviting sealed bids was seen as the fairest way of selling them.”

A sealed bid is a form of auctionthat occasionally occurs when there is significant interest in a property. In this situation the selling agent will invite those interested in purchasing the property to submit a sealed bid before a stated date.

The seller then chooses the best bid. This may be as simple as going for the highest offer, but other factors can come into play, including how quickly the buyer can complete the purchase or whether they are a cash buyer.

The term sealed bid refers to when such bids were submitted by post or hand in sealed envelopes. Today, they can be submitted via e-mail, but the old name is still used to describe the process.

The deadline for the receipt of sealed bids is December 13th.

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