Way back in 1995 when the internet was more an idea than a reality, we embarked on providing a means of finding properties for sale fast and launched our first web sites.
Of course, at that time, we had no idea whether it would even 'catch on', but in the spirit of true entrepreneurialism we forged ahead in the hope people would grow to love it.
Of course that is all history now and the internet has become an integral part of our lives and for some, is now their primary source of discover any information they need to know.
Some 7 years ago we launched our property auctions service to address a particular need for buyers of property at auction. Whether you realise it or not, the auctioneer is quite a different animal than the high street estate agent.
Traditionally, your local estate agent works their immediate catchment area, whereas the property auctioneer is more than happy to take on properties anywhere in the country.
For buyers, this posed a particular question....... "how can I be sure that I am aware of ALL of the properties available in the area I want to buy?" And that is where we came in......
Since our initial launch we have provided a 'one-stop' search for all kinds of property buyers seeking that bargain at a property auction. The buyers have ranged from seasoned and experienced property investors, buy-to-let buyers seeking to build a property portfolio or the first-time buyers striving to buy their first home at a price they can afford.
Over the past 7 years it has been fascinating to see the way that auctions have provided all types of buyers with not just properties that are 'un-saleable' but a wide range of residential and commercial lots which are great investments.
When the property boom was in full swing, the auction rooms were packed to the rafters with savvy investors and budding property entrepreneurs anxious to make money from the booming buy-to-let market.
Of course, with the current financial situation the types of buyers attending auctions has changed. The lack of credit has meant that there are now more opportunities for those savvy investors who perhaps stayed away from the auctions when prices were too high and competition was stiff.
We are now also seeing some other kinds of buyers including first-time buyers, parents of university students who want to invest in good quality accomodation for their offspring or savers who now want to put their savings into property to get a better return in the long run.
As we build our blog we hope to bring you a range of useful tips, featured properties and news from the world of property auctions. If you have any specific comments or question you would like us to feature we would love to hear from you!
