Parsons Son and Basley are Sussex’s oldest firm of Chartered Surveyors having been established since 1825. We are the city’s main independent auctioneer and hold between 5 and 6 auctions every year at the Hove Town Hall in East Sussex. To find out how successful we are don’t take our word for it – check us out on the Essential Information Group’s website at www.eigroup.co.uk/auctions and see for yourself.

We act on behalf of many of the city’s leading solicitors as well as local and national institutions including;

• Brighton and Hove City Council,
• The Royal National Institute for the Blind, and
• The British Red Cross.

Please follow the link above to view some of the case studies we have included and the expectations that were exceeded.

There are three kinds of property that are sold at auction.

Firstly, properties in high demand. These include commercial and residential investments, and buildings that require renovation or redevelopment. Strong demand often creates “auction fever” and high prices as a result.

Secondly, there are various sellers who have a duty to obtain the best price. Amongst these are local authorities, executors, trustees and insolvency practitioners. Choosing to dispose of property by auction enables them to demonstrate that the best price has been achieved.

Finally, there are properties that are difficult to value. For instance, a stretch of redundant railway line, disused public toilets, small pieces of land, or land that has a wide variety of potential uses. An auction will provide the ultimate test of value – what somebody will pay in competition with others in a public arena.

So, why auctions?

Buying at auction allows a purchaser to acquire a property with certainty. As the hammer falls the price is set (there is no gazumping) and the date of the purchase is known.

The legal work that is usually done after a price has been agreed when a property is being sold by private treaty has already taken place. The necessary information can therefore be dispatched to the various parties at once. Completion of the conract ususally takes place 28 days after the auction sale.

The greater availability of finance has also brought auction buying to a wider market. Most lending institutions have tailored their services to provide fast and reliable funding for buyers. If you require help with funding please ask.

Parsons Son & Basley’s auction team have over 30 years combined experience between them. We hold regular sales (usually 5 a year) and have sold properties throughout Sussex ranging from garages to £1m+ lots.

If you have any further enquiries please e-mail us at This e-mail address is being protected from spambots. You need JavaScript enabled to view it .