Finding below market value properties can be easier said than done ..... until you master the world of auctions
Posted by tungstenmg on January 6, 2020
Finding below market value properties is no easy feat. But if you can secure below the market value purchases then your leave other first time buyers, competent buyers and investors by the wayside. There are many avenues to find properties and most start with the traditional avenue of estate agents, but as you gain experience you may look to auction houses.
Getting the courage to try a new strategy can often be the hardest task especially when getting started, so we’ve taken the time to look at some of the best and brightest auctioneers.
So, without further ado, our top 3 picks are (in no particular order).
Clive Emson Land and Property Auctioneers operate in the South East of England and has been operating since 1989. They offer online bids as well as the traditional in the room bidding.
he concept of Clive Emson is to provide a specialist land and property auctioneering service and, therefore, does not compete with the traditional estate agency, mortgage broking, insurance or any other aspect of the property world. All properties upon which we are instructed are offered for sale in the auction catalogues that are compiled monthly.
The company is run by Clive Emson who believes that specialising in land and property sales sets them apart from the traditional avenues that buyers use such as estate agents.
There is a 20-25,000 catalogue that you can look at before an auction and this is highly advisable. I will be looking into the pros and cons of auctions in a later blog.
I have had personal dealings with the team at Clive Emson when i first looked at attending auctions and the lady I spoke to was extremely friendly and talked me through how auctions worked before and during. She was very welcoming and make the new world of auctions a little less intimidating.
Allsop auctions was founded in 1906 and its today ranked Number 1 in residential and commercial auctions. There are 4 offices giving Allsop a wide range of services with a deep property knowledge.
Allsop allow remote bidding to plus offer a catalogue prior to the auction for you to study. In terms of remote bidding, this can be done over the phone, online or you give the auctioneer permission to bid on your behalf with pre-agreed perimeters. Being a remote bidder will allow you to take advantage of what could be a great deal but avoiding travel time and also time spent at the auction.
I have been very impressed by the content that is available online such as blogs, publications, podcasts and helpful guides to buying and selling at auction which would be a great help to novice auctioneers or to those who wish to tighten up there knowledge. Allsop seem like a very well oiled machine who have many years of experience in this field and wish to develop the knowledge of those interested in auctions.
Check out the guides
London based Savills are probably the best well known of the three brands and have auctions across the UK.
They also have a wide range of topics covered on the website including a guide to buying and selling plus remote bidding protocol. The information is very concise and informative. I did enjoy the section on viewings which I have not picked up on through the other websites, plus they draw your attention to Anti-Money Laundering on their first tab which is a bit of a harder approach compared to the others I have reviewed.
What do you think of our list?
Do any of the names above sound like a real winner for you? Any names that you think we’ve missed?
Give some feedback below – it’d be great to hear your own favourite auctioneers and experience at auctions
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