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300 bidders for Houses etc auction.

publication date: Feb 18, 2010
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David Leake, director at HousesetcEstate agency Housesetc & letting agent Link Agency are expanding their current operations to include regular ‘modern method’ property auctions. David Leake MNAEA (pictured) Director at Housesetc said, “The perception of auctions has changed completely. In the past, they were synonymous with cheap, repossessed properties however, more and more residential sellers are now reaping the benefits of selling this way. The auction in November was a huge success, we were expecting around 100 buyers, but 300 bidders turned up on the night, and an astounding 91 per cent of the properties entered into the auction received a proceedable offer producing a 70 per cent sale conversion rate; evidence that there are buyers out there!” Housesetc auction system was designed by Iam-sold, an independent consultancy firm, specifically to help ordinary residential buyers and sellers achieve a speedy and secure sale. In this type of auction is free to the seller with no sales fees to stump up. The buyer pays a five per cent (minimum £5,000) non-refundable deposit following a successful bid and exchange in 28 days.

Housesetc are confident that interest in ‘the modern method’ auctions will continue to grow as buyers and sellers recognise the obvious benefits of this type of sale.

Director of associate partner Link Agency Phil Jones BA (Hons) MBA MNAEA MARLA, commented “Properties are exchanged within 28 days and completed within 56 days, without any lengthy, problematic chains.”