Nesbits News
MAY PROPERTY AUCTION
NEXT PUBLIC AUCTION TO BE HELD AT THE QUEENS HOTEL SOUTHSEA 25th May
Nesbit's are pleased to be back in the Sale Room with the next Auction being held at the Queens Hotel Southsea on Thursday 25th May.
Held in the beautiful Elizabeth Room, a wide range of Lot's will go under the hammer for bidders. If you’re an investor, developer, first time buyer or keen owner occupier looking a project house then our Public Auctions could be the place you find what you are looking for!
What's is the traditional Public Auction?
A Public Auction is very distinct from the recently introduced “modern method of auction” and comes with many benefit’s;
- Traditional Public Auctions see an immediate and binding settlement at the fall of the auctioneer’s hammer (or in our offices in the event of sale prior).
- There is a payment of a 10% non-returnable deposit, and completion just 4 weeks later.
- The costs to any buyer are a fraction of those applying to the “modern method” which is a benefit to both parties, with purchasers making savings that are very likely to be reflected in their bidding.
- Auction sale prices are demonstrated (at the very least), to match those of a conventional sale, but in some cases far exceed any reasonable expectation as a result of spirited bidding.
- Perhaps as important, if not more so, is the ability of the Public Auction option to enable sellers to maintain TOTAL CONTROL over the entire process, thus bringing about final settlement weeks, if not months, earlier than would be possible otherwise.
- Whilst conventional (Private Treaty) sale remains the best option for many owners (in the case of a typical private home, for example, ones in good condition and likely, in the current market, to attract ready interest), those involved with “speculative” or “problematic” properties will reap reward from taking the path of Public Auction.
To register your attendance for the Auction, please contact Nesbit's office. Tel: 023 9286 4321.
Email: info@nesbits.co.uk
Thursday 25th May at 11am
The Queens Hotel (Elizabeth Room)
2 Osborne Road
Clarence Parade
Southsea PO5 3LJ
Nesbit's want your property!
Get in touch with our team if you have; Vacant houses and flats in need of modernisation, larger houses for conversion, buildings in flats, residential/commercial/investment, shops with flats, sites for development, garages, properties with problems.
Browse our current listings here:
https://www.nesbits.co.uk/pages/residential-sales-properties
02/05/2023
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