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Last word in property

PUBLISHED: 12:00 22 February 2016

Sam Marshall of Hudson & Marshall (not seen) prepares to drop his gavel signaling bidding is over and another house is sold at an auction of foreclosed homes in Denver April 19, 2008. Over 400 people attended the auction selling almost 100 lender-owned properties.  REUTERS/Rick Wilking (UNITED STATES) - RTR1ZOCL

Sam Marshall of Hudson & Marshall (not seen) prepares to drop his gavel signaling bidding is over and another house is sold at an auction of foreclosed homes in Denver April 19, 2008. Over 400 people attended the auction selling almost 100 lender-owned properties. REUTERS/Rick Wilking (UNITED STATES) - RTR1ZOCL

Archant

What does the world of property auctions hold for 2016? Peter Hornor, chartered surveyor and auctioneer at Brown & Co, discusses past successes and future plans

WE ARE 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 more than 90pc sold across the board, including city terraces, townhouses and rural property in need of renovation, development land, agricultural land and investment property.

In the past, auctions had a reputation for providing prospective buyers with the chance of a bargain. Times have changed and vendors are looking to obtain the best possible price and it’s the job of their adviser to ensure this is the case. A great advantage of sale by auction is finality; a property is advertised for a concentrated period prior to the auction and on the day the market dictates in a public arena what it is worth. An immediate exchange of contracts follows with completion date thereafter, important for many vendors and buyers.

Brown & Co, as chartered surveyors, is able to provide advice on all aspects of residential, rural and commercial property. I will be working very closely with auction manager, Trevor Blythe, in Norwich, Vicki Coleman and Tom Cator in north Norfolk and James Hurst in west Norfolk. We have offices covering East Anglia and look forward to developing the service further. We already have 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.

contact Peter Hornor at Brown & Co, 
01603 629871.

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