It hardly seems possible that we will be launching our spring collection onto the market at the end of next week on 15th February ahead of our sale at the end of March this year. Time goes very quickly but we have been busy over the last 4 – 5 weeks and are delighted that we appear to have some very interesting lots for inclusion in the sale, with a wide variety of property from bottom to top in the city and county.
All the lots will be of interest to a wide variety of buyers and we would refer you to the advertisement this week and would be delighted to help with any enquiries you have.
We are continually asked about suitability of property for auction: so much depends on the objectives but the auction route provides a transparent process and enables sellers to achieve a result over a given period without any complications and this can only be a good thing.
Where a seller needs to proceed quickly and is prepared to allow the market to dictate what can be achieved then the beauty of an auction sale is that it will achieve the right result and give the vendor control to a certain extent.
As far as suitability for inclusion is concerned, nothing can really be excluded and as mentioned above it is the objectives that count. Property in need of renovation, including cottages, farmhouses, city opportunities whether they are terraced houses or period properties – all would be suitable. Investment property should also be considered and in the current sale we are acting for executors in a number of cases where it is necessary to establish value in an open forum.
The process itself works well and involves drawing up auction particulars, completing the catalogue well in advance of any sale and then advertising over a 7 week period. We like to work with solicitors early so that they can prepare the necessary legal pack and we are now involved with the Essential Information Group which allows us to promote our properties through their website as well as our own website and Rightmove, etc., and we are looking at how to improve the service we offer all the time.
Always remember that when it comes to value, the auctioneers will issue a guide price to indicate where they think the possible value could lie and then just before the auction the reserve is set below which the property cannot be sold.
It is fair to say that auctions are a very good way of obtaining a result and here at Brown & Co we would be delighted to talk further about how the process could help you.
In the meantime if you have any queries regarding today’s preliminary advert or would like to know more about the auction process or indeed have a property that you would like to get into the March sale we would be delighted to hear from you.