The New Year is always a good time, with everything to look forward to. At Brown & Co, we are certainly very optimistic about what is in store for 2016 but we also look back with pride on our achievements in 2015.
We held four successful sales last year and had outstanding success, with an average of over 90% sold across the board over that period. Properties sold included city terraces, fine townhouses in need of renovation, development land, agricultural land, investment property and rural property in need of renovation as well.
Our message to all those people interested in the property market is that auctions continue to be an attractive method of buying and selling all types of property.
In the past, auctions had a reputation for providing prospective buyers with the chance of a bargain. However, times have changed and vendors are looking to obtain the best possible price and it is the job of their adviser to ensure that this is the case.
One of the great advantages of a sale by auction is finality. A property is advertised over a concentrated period prior to the auction and then on the allotted day the market dictates in a public arena what it is worth. An immediate exchange of contracts follows, with a completion date thereafter. This is important for many vendors and buyers alike.
Of course, the route to market depends on vendors' objectives. Where a vendor is keen to achieve a sale more quickly, the auction process can be a highly satisfactory route. Equally, buyers see the advantages as well and any sale is binding at the fall of of the hammer, with the completion date set earlier so buyers have the ability to plan a strategy.
Apart from timing and the need to achieve the best possible price, sellers require good professional advice. Brown & Co, as Chartered Surveyors, are able to provide advice covering all aspects of residential, rural and commercial property.
Every year we look to improve and expand the service we provide and 2016 will be no different. I will be working very closely with auction manager, Trevor Blythe, here in Norwich and spreading the work throughout the county, working closely with Vicki Coleman and Tom Cator in North Norfolk and James Hurst in West Norfolk.
We have offices covering the whole of East Anglia and look forward to developing the service further and as always very much look forward to dealing with any enquiries and helping in any way we can.
We already have a number of properties for inclusion in our March auction and will be spending the next four to six weeks inspecting property throughout the region with a view to providing the right advice.