Rugby property: auction shows rise in market

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The last auction held by Howkins & Harrison was perhaps the most concrete sign that things had begun improving in the property sector.

The room was packed to the rafters with more genuine bidders than had been seen for a long time and properties for sale that were perfect for the auction room.

Tim Howard, associate partner at Howkins & Harrison, said: “It was a near perfect evening. You could even feel the improved atmosphere amongst buyers and sellers alike.

“Our team worked really hard to ensure that the viewings, phone calls, enquiries all paid off and we finished up with a really successful night. The key now though is to ensure we build on that momentum. We want to have the right type of property to sell at realistic guide prices to attract the interest and generate the competition in the auction room. If we do that the buyers will be happy and in turn the sellers will be happy with the results.”

The next auction takes place next month with building plots and a barn with planning for conversion already confirmed.

“We would love to be able to get some more residential property from the Rugby area – in particular those properties that perhaps need some modernisation or updating,” added Tim. “We realise in an improving market it might be tempting for some to put their property on the market and take an offer within the first few weeks of marketing, and for some this works well. However, many don’t realise that competitive bidding in an auction room environment could yield a higher sale price of anything between a thousand and ten thousand pounds, perhaps more, that can go towards the sales expenses or perhaps even pay for a holiday!”

The next collective auction is scheduled for mid April. Call (01788) 564680.