Buying at Auction in HampshireAt auction sales you find many opportunities to purchase the unusual or hard to find properties especially those with scope to profit by modernisation and repair. It is an attractive way to buy due to the openness and certainty it offers. Follow these tips and there is little possibility of falling into any traps.
1) Identify the ideal property and carefully cost any works, research the finished value and set your budget.
2) Check the Legal Pack yourself with particular attention to the Special Conditions then ask the auctioneer to explain anything you are unsure of. If happy all is well, obtain legal advice. Doing it this way will avoid wasted legal fees.
3) Register your interest with the auctioneer. He/she will then be able to advise you of any changes in the legal pack and availability.
4) Check the individual procedures for each auctioneer, they may vary in buyers fees and registration to bid  procedures and acceptable methods of payment.
5) If you want to offer to buy before the auction remember that only an offer higher than the seller expects is likely to be considered and high offers prior to the day might push up the final reserve price. Be sure you are happy to show your hand. It is usually better to wait and compete on the day.

With the lengthening days, brighter weather and new growth all around us optimism returns and now is the time to plan your sale. Pearsons auctioneer, Toby Wheatley is currently offering a free auction appraisal so if you are selling call him now to sell on the 16th April.

Due to a change of plans the new owner of the iconic Victorian cottage has asked Pearsons to re-sell at the auction on the 12th February. The house stands in about an acre in the delightful Fishers Pond area some 6 miles to the south of Winchester. The property is in urgent need of repair and updating but will provide superb 4 bedroom family accommodation and is priced to sell at a guide of £450,000. To view call us.

We are offering a site with planning for a terrace of 3 garages in Portsmouth with a guide of £25,000. Excellent investment when built. Auction 12th February.

Pearsons are offering a selection on the 12th Feb and so far there have been strong interest shown in all the lots so a lively auction is expected. Sellers are always welcome for a free appraisal. 023 80 474274

We are offering a 1 bedroom, first floor property in the centre of Horndean village at a guide price of £45,000. The last two similar flats sold reached £95,000 and £97,000 so this is certainly a “rare opportunity”. The well run block would provide a super home for anyone wishing to remain independent in their retirement with the peace of mind afforded by a warden on hand. Whether buying for yourself or as an investment this must be worth a look and we hold the keys.

We are offering a parcel of land with planning for 3 garages off Stanley Avenue, PO3 6PW. Will make a perfect, low management investment.