EWJ Dec 2023 - Journal - Page 72
Budgeting for auction
Buyers will understand the benefit of comparing the
guide price of the property to others in the area. The
CAC clarify that the guide price is a price at which the
seller might be prepared to sell at the time it is given.
What is more, with prospective buyers competing in
real-time with ever increasing bids, it is conceivable the
eventual buyer will pay a premium. Therefore, it is
advisable to plan for an unexpected deviation from
the guide price on auction day. Both seller and buyer
should factor in auction fees, with the latter most likely
needing to account for stamp duty land tax also.
Andrew
Andr
ew Acquier
Acquier, FRICS
CHAR
ARTE
TERED
ED ARTS
AR S SURVEYO
S
VEYOR
R
Andrew Acquier FRICS has been working as an independent
valuer since 1982, specialising in fine art and antiques.
Instructions for probate, divorce settlement, tax/asset and
insurance valuations as well as expert witness work are
regularly received from solicitors and other professionals.
Andrew has many years experience of compiling reports
Conclusion
If handled with care, the uptick of auction sales could
be an exciting development in an otherwise uncertain
market.
for litigious cases, several of which have necessitated a
subsequent court appearance as an expert witness to argue
quantum. Divorce valuations are a speciality, usually as Single
Joint Expert. He is an Associate Member of Resolution.
Work is carried out throughout the UK and abroad.
Author
Maia Smith
Maia is a Trainee Solicitor currently taking her third
seat in the Private Client Team.
23 York Street
Broadstairs
Kent
Maia joined Wedlake Bell in September 2021, she has
previously taken seats in the Commercial Team and
Pensions and Employee Benefits Team.
CT10 1PB
Tel: 0207 353 6440
www.wedlakebell.com
Mobile: 07787 518 861
Email: andrew@andrewacquier.co.uk
Website: www.andrewacquier.co.uk
www.envistaforensics.com
+44 203 696 7996
The
Engineering
Experts
YOU
NEED...
FORENSIC ENGINEERING
FAILURE ANALYSIS
FIRE INVESTIGATION
EXPERT WITNESS JOURNAL
70
DECEMBER 2023