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Collective Property Auction

30/01/2017 by Tim Howard

Property AuctionHowkins & Harrison’s Auction department is preparing for the first collective property auction of 2017 on Wednesday 29th March, at Whitefields Golf Course near Dunchurch at 6:30pm.

Already entered is a bungalow in need of structural work, a barn with permission for residential conversion, a property with 4 acres of land, and a paddock and some agricultural land - all from Warwickshire and Northamptonshire area. Advertising will begin during the last week of February to give 5 weeks of coverage in the local press.

2016 proved to be a hugely successful year for the property auction team who can boast of a “100% clearance rate” with sales taking place before, during or after an auction – which is the beauty of offering a property for sale this way.

“The auction itself will generate a level of interest that you wouldn’t always get down the private treaty route” explains Tim Howard, “with many properties on offer at the same time and within our catalogue – you are always going to get people looking at things they perhaps ordinarily wouldn’t look at. You also get the general enquiries who are interested in why something is going to auction or just want to know more about auction.”

The team offered a huge range of lots last year from the traditional agricultural land, to building plots, barns for conversion and complete renovation or development projects. The team are also alert to problems that come up and use practical solutions and contacts to ensure the smooth transaction goes through. 

“In September, we had a building plot for sale, and at 4.30pm (half an hour before we were leaving for the sale!) we established that there was an electricity supply running across the plot – nobody knew about it” explains Tim, “we’ve got friends in high places – so we were able to get on to Western Power – and they were able to provide us with a plan of where the supply went – meaning we could show purchasers there wasn’t a problem”.

“So, because we are all alert to the problems that occur we always work together to solve the problem – in 45 minutes we got the answer we needed, the plot sold and the vendor got his money in 4 weeks – there’s no way that would have happened had it been by Private Treaty – it would have taken weeks.”

Between now and the end of February the catalogue will be prepared and the solicitors instructed to get the paperwork together. Advertising will begin across the region and on the internet.

“Despite the uncertainty within the political world – the property market appears to be remaining buoyant – with people still looking to invest in all sorts of property – we hope that will continue so that our vendors and purchasers can benefit from the auction sales.”

If you would like to discuss auctioning your property, email Tim Howard or talk to him on 01788 564685

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