|
Graham Penny Auctions is the Number One Property Auctioneer in the East Midlands* dominating the East Midlands market, selling almost double its nearest rival in 2007. 410 lots were successfully sold during 2007, grossing more than £46m at a strike rate in excess of 71%
With Estate agents reporting increasingly difficult market conditions with falling prices, the lack of mortgage deals available to buyers and sales falling through, the auction process is proving increasingly popular with vendors. The majority of buyers at auction either being cash buyers or having large deposits and using commercial finance, has meant that the buyers at auction are still active. Furthermore, with exchange of contracts at the fall of the hammer, the certainty of the process is attractive for both buyers and sellers. Reserve prices need to be realistic but sales are readily available at the right price.
With over 100 lots already sold in the first 2 auctions of 2008 at a strike rate of 66% grossing over £10m is proof that the auction market remains very active.
Strategically located in the centre of the country and holding its' auctions at the impressive Pride Park Stadium in Derby, Graham Penny Auctions has successfully sold properties as far north as Scunthorpe, Blackpool and Preston and as far south as Bristol and Southend-on-Sea. Graham Penny Auctions continues to establish itself as one of the largest Property Auctioneers outside of London.
Graham Penny Auctions acts for both private individuals and institutions selling a wide range of interests, from investment properties and vacant houses to building plots, commercial investment properties and others.
107 properties are entered for our May 22nd auction, entries are now being invited for the July 10th sale.
For a straightforward solution in difficult times call 01332 242880 now.
* Source: Estates Gazette
|