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New venue for Tudor Estates Network Auction’s September auction

Our September auction will take place at our new national auction room at the Cumberland Hotel, Marble Arch on September 4^th.

The move to the famous Cumberland Hotel in the heart of London’s West End raises Tudor Estates Network Auction’s auction profile even further and makes it even easier for buyers to attend and bid. 

Making it easy for buyers to bid enhances the chances of a successful sale and online bidding has also successfully been introduced in addition to in person, proxy and telephone bidding. 

Richard Worrall has also joined Network Auctions as Auctioneer and Partner Development Manager. Richard is a well-known and experienced auctioneer who will be working with Network Auctions’ partner agents in growing their auction businesses as well as helping from the rostrum. 

The September auction has lots included by seller clients including lenders in possession, local authorities, executors, PLC’s and asset managers as well as properties from private individuals and investors. 

This wide range of sellers ensures an interesting selection of lots including public houses, family homes, fully let and vacant investment properties, land, commercial premises and properties with redevelopment potential.   

National expertise combined with local knowledge creates the opportunity for clients to enjoy a successful sale. This combination of national, local and regional marketing, coupled with good quality advice on guide prices and reserves, makes for a positive outcome. 

The full catalogue will be available approximately two weeks before the sale. 

If you have a property that you are considering disposing of, David Kirkman of Tudor Estates Network Auctions will be pleased to discuss the best method of sale with you. 

David Kirkman of Tudor Estates Network Auctions can be contacted on 01702 346818 or by email at davidkirkman@tudorestates.co.uk or via their website at www.trustintudor.co.uk

Richard Worrall joins Network Auctions as Partner Development Manager

Leading UK auction house Network Auctions are delighted to announce that experienced auctioneer and property professional Richard Worrall has joined them as Auctioneer and Partner Development Manager. 

Richard, who started his career in estate agency in 1985, was a Director of Thompson Wilson in High Wycombe between 2001 and 2011 before becoming consultant property auctioneer to the Property Sharing Experts Group in the West Country. He has also acted as consultant auctioneer for many estate agents across the UK. 

Richard joins Network Auctions to develop their growing partner agent network and to help provide even greater communication between members as the organisation looks to build on its successes and the strong foundations laid to date. 

His appointment coincides with Network Auctions moving their London based auction room to the iconic Cumberland Hotel in London’s West End. 

Toby Limbrick, Director of Network Auctions said: “We are delighted to secure someone of Richard’s calibre for this important role within our growing business. Richard has an exceptional record of developing auction business and of working with estate agents and is ideally qualified to help us take Network Auctions to a new level.” 

Richard Worrall said: “I am delighted to be joining Network Auctions at this exciting time. They already have an excellent network of agents with whom I look forward to working and adding to in the weeks and months ahead. 

Our move to the Cumberland Hotel auction room will help raise our profile even higher and we have exciting plans for a new auction service that we will be announcing in the coming weeks.” 

Richard expects to be very busy in his new role but, away from the office, likes to play and umpire cricket, take part in amateur dramatics as well as cook and enjoy the odd glass of real ale. 

Tudor Network Auctions can be contacted on 01702 346818 or via their website at www.trustintudor.co.uk/auctions

Tudor Estates Network Auctions new London auction room

Following their highly successful move to holding their regular auctions at the Glaziers Hall in central London two years ago, Tudor Estates Network Auctions have announced that they will be holding their future auctions at the famous Cumberland Hotel at Great Cumberland Place, Marble Arch in W1, a venue long associated with successful auction sales.

The new location at the Cumberland Hotel is superbly located in the very heart of London with excellent public transport links and connections and the facilities at the hotel are first class.

David Kirkman at Tudor Estates Network Auctions said: “Running our auction sales in Central London for the last two years has proven to be a huge success as it has opened up our regular sales to an increasingly large number of potential buyers. Our time at the Glaziers Hall has served us well but we are now growing at such a rate that we felt it was important that our auction room and facilities were also upgraded.

The Cumberland Hotel is an iconic venue with a long history of holding successful auctions and our partner agents, their clients and potential buyers will benefit from the even greater exposure we will be creating by this move.”

Auctioneer and Network Auctions Director Guy Charrison added: “The market exposure for our auction sales is now immense with online bidding having become an integral part of our offering alongside the traditional “in the room”, telephone and proxy bidding arrangements.

The move to the Cumberland Hotel adds to this exposure and, because of its excellent central location, will, I am sure, result in even more bidders being present in the room at our sales.”

Tudor Estates Network Auctions first sale at the Cumberland Hotel will take place on Wednesday 4^th September at 1pm and Tudor Estates Network Auctions are now inviting lots for inclusion.

For more information or to discuss including property in a forthcoming auction, please contact David Kirkman of Tudor Estates Network Auctions on 01702 346818 or by email at davidkirkman@tudorestates.co.uk or via their website at www.trustintudor.co.uk/auctions

Do you have any advice on getting valuations?

The first thing you need to bear in mind is that valuing property is not – and never can be - an exact science. In the end, your home is worth precisely what someone is actually prepared to pay for it - and that can be hard for any agent to predict with absolute accuracy, whatever the state of the market. 

That said, some agents do tend to be over-cautious in their valuations. Others, meanwhile, routinely over-value - with every intention of talking the vendor into accepting a price reduction almost as soon as they have won the instruction! 

The standard response to this conundrum, of course, is to get a number of valuations (normally three) from different agents, and then simply eliminate the highest and lowest in favour of the one in the middle. Nevertheless, it is not impossible that one of the other valuations is actually nearer the mark. 

So, how do you tell?  The important thing is to understand how each agent arrived at his or her figure. What did they base their opinion on? You need to see evidence of the prices achieved for similar properties in the area – known in the trade as comparables. And you need to understand not only the similarities the agents have taken into account, but also the differences. Is your home in better or worse condition? Does it possess additional features? Does its location compare more or less favourably? Also, you need to know the age of these comparables. Precisely how long ago did those properties actually sell for those prices? If it was a while, you need the agents to explain what has changed since, and what adjustments they have made in order to take account of those altered circumstances. 

These days, of course, you can do quite a lot of checking yourself, online: websites like www.myhouseprice.com and www.ourproperty.co.uk provide data on sale prices gleaned from the Land Registry. However, you really shouldn’t need to. Any agent worth his or her salt should provide you with all the evidence to support their valuation, without you having to ask for it. 

So – my advice is to go for the agent who makes the most convincing case for their valuation – whatever the figure they arrive at!