Under the Hammer – auction column by Peter Hornor

By Peter Hornor, auctioneer and chartered surveyor at Brown & Co in Norwich  

Another year has come and gone and after a good break it hardly seems possible that once again we are back into the cut and thrust of the January property and auction market and now it is a good time to look at the prospects for the market in Norwich and Norfolk for 2011 and perhaps spring auctions will set the tone. There is certainly a lot to talk about at the moment and prices appear to be on everybody’s lips, particularly in the media.  At least with an auction the market dictates the value on a given day. We are already busy looking at property throughout the price ranges, be they cottages, town houses, investment property or houses in need of renovation.  Actually any house will suit an auction if it is priced accurately and we showed last year that this is the case with the sale of a number of prestigious properties in the city and county. Whatever happens though, as long as vendors are prepared to have a realistic guide price a property will find its value on the day, which is the important thing. There is certainly a healthy auction market in our region and this has been the case for the last few years.  

Peter is on 01603 629871 or email:  peter.hornor@brown-co.com

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