14th March 2012

Blackadders Property Auction

At Blackadders Property we always pride ourselves on being innovative and cutting edge.  With this in mind we have been discussing for a number of weeks the idea of a property auction.  My investigations and discussions with clients and business people down south have shown me that property auctions are becoming an increasingly popular way of selling properties in England.  In Scotland property auctions have traditionally been linked with repossessed or distressed properties.  This has been one of the reasons that we have been reluctant to go down this road.  I do see the benefits and it may be another means of getting the property market moving and with this in mind I am delighted to advise that the first Blackadders Property Auction will be held at our Dundee Property Shop on 27 March 2012.  I am also very pleased to advise that we have managed to secure the services of Steven Dewar of Curr & Dewar Auctioneers, North Isla Street, Dundee.  Steven is a very experienced auctioneer and his firm is a very long established family business.

This is the first Property Auction to be held in Dundee for some number of years so we are limiting ourselves to 20 lots and as they come on they will be available to view on our website.

To encourage sellers and prospective buyers alike we are going on the basis that, unlike other auctions, that should a bid be successful on the day this will not be binding on the purchaser.  The purchaser will be required to pay a £1,000 non-returnable deposit on the day to secure the property and thereafter missives will progress following the normal course of a Scottish property transaction with a date of entry being anticipated to be 28 days from the date of the auction.  I hope that this arrangement will encourage more purchasers to come along and bid at the auction.  All prospective bidders will require to register prior to the auction.

I think this is a very exciting development and is another example of the Blackadders Property Team getting the Scottish property market moving.  For more details or to register as either a seller or purchaser please contact the Blackadders Property Team on 01382 229222 or alternatively email us on property@blackadders.co.uk.



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