You can't knock this

Article Abstract:

Nelson Bakewell Auctions has raised 41 million pounds sterling from auctioning 110 properties since it came into operation in Jan 1997. The company's auctioneer believes that auctions offer new opportunities for purchasers to find unusual buildings for conversion. An auction allows property vendors to sell quickly, at a optimum price. Nelson Bakewell endeavours to give purchasers full information concerning a property's potential, which helps transactions to move smoothly and be completed within the specified time frame.

Practice, Company Profile, Property acquisition, Auctioneers, Nelson Bakewell Auctions

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Mixed lot

Article Abstract:

Owner-occupiers account for 50% of the bidders at some auctions, making auctions less friendly than when professional dealers attended. Residential investment companies such as Grainger Trust and Bradford Property Trust still attend regularly. Developers also come looking for properties to renovate. Large institutions rarely buy property via auctions. Advertising on the Internet has increased the interest of foreign buyers and in 1993 overseas bidders accounted for 23% of sales by Jones Lang Wootton.

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Avoid gross errors with the net

Article Abstract:

Online services only have a limited role in property auctions, providing and distributing information and also for remote bidding. The success of internet auction houses cannot simply be transferred to the property sector.

Other Activities Related to Real Estate, Real Estate Franchising & Marketing, Methods, Evaluation, Online services, Internet services, Property

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