Before you enter into the world of the property auction it is certainly benificial to be well informed. You may not need to become an expert but the better educated you become the better will be your performance at an auction.
This blog will help with your auction education. Its not designed to overwhelm you but to drip feed you. Today we'll examine the different types of property auction that you may encounter.
Large composite - Tend to have over 100 lots. Expect well over 300 people to attend and the venue to be held in a large hotel or conferencecentre. Large composite auctions are likely to be run by a singleauction house. The type of property may be restricted to just one (e.g.vacant possession houses, factories, warehouses etc) or may be a mixtureof different types.
Medium composite - Have between 5 to 100 lots and will typically attractbetween 200 to 500 people, most likely in a hotel or conference centre.It's similar to a large composite, only on a smaller scale.
Small composite - Offer between 2 to 5 lots and will attract upto 5bidders. The likely venue is likely to be somewhere like a pub,restaurant, church
Friday, 6 April 2007
Wednesday, 4 April 2007
Mortgage equity release figures soar
HOMEOWNERS across Britain are taking cash out of their homes at the fastest rate for two and a half years.
Wednesday, 28 March 2007
TYPES OF PROPERTIES FOUND AT AUCTIONS
The following is a guide to help anyone unlock the value available through UK Property Auctions. Thousands of homes are available at any given time with property auctions, most of which are sold at prices far below market value.
However it's important to know the potential issues and problems when dealing with auctions and to understand where the biggest bargains are available. Details of thousands of cheap, repossessed & auction properties are also available at Property Auction Bargains. Its perfectly reasonable to expect to pay between 15% to 40% less for a property at auction than you would for the same property through an estate agent. For example, at a recent auction a studio flat was sold in London for a mere £9,000
However it's important to know the potential issues and problems when dealing with auctions and to understand where the biggest bargains are available. Details of thousands of cheap, repossessed & auction properties are also available at Property Auction Bargains. Its perfectly reasonable to expect to pay between 15% to 40% less for a property at auction than you would for the same property through an estate agent. For example, at a recent auction a studio flat was sold in London for a mere £9,000
Thursday, 22 March 2007
New web site
http://www.phonegnome.co.uk/property
Did you know that every year thousands of UK properties are sold atsignificantly below market value? The majority of these properties arereleased through property auction where regular savings of between 10%to 40% are available to market value.
Did you know that every year thousands of UK properties are sold atsignificantly below market value? The majority of these properties arereleased through property auction where regular savings of between 10%to 40% are available to market value.
Property Auctions New Site Published
New Property auction web site launch today:
http://www.phonegnome.co.uk/property
Did you know that every year thousands of UK properties are sold atsignificantly below market value? The majority of these properties are released through property auction where regular savings of between 10%to 40% are available to market value.
http://www.phonegnome.co.uk/property
Did you know that every year thousands of UK properties are sold atsignificantly below market value? The majority of these properties are released through property auction where regular savings of between 10%to 40% are available to market value.
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