Find a home at an auction.
Auctions are becoming an increasingly popular way to buy and sell property, with the top 20 commercial and residential auctioneers seeing a 16% increase in property sold at auction in 2004, at a total value of pounds 3.38bn.More people are turning to auctions to buy and sell property because of the simplicity and speed of the process, with deals agreed on the day. Auctions have become more open and transparent, and often an ideal place to find competitively priced properties.
To accommodate the growing popularity of property auctions the Royal Institution of Chartered Surveyors (RICS) has published Going once, going twice, sold to... which provides inside information on the auction process from both buyers' and sellers' points of view, from checking guide prices to proxy or internet bidding.
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| Title Annotation: | Features |
|---|---|
| Publication: | Western Mail (Cardiff, Wales) |
| Date: | Sep 17, 2005 |
| Words: | 130 |
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