Wednesday, September 14, 2023
RICS publishes new auction guide
Auctions are becoming an increasingly popular way to buy and sell property, with the top 20 commercial and residential auctioneers seeing a 16 per cent increase in property sold at auction in 2004, at a total value of £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) have published 'Going once, going twice, sold to...' - a new guide to help owner occupiers, developers or investors.
It provides inside information on the auction process from both buyers' and sellers' points of view, from checking guide prices to proxy or internet bidding. 'Going once, going twice, sold to...' is available free at: RICS Property Auctions.
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) have published 'Going once, going twice, sold to...' - a new guide to help owner occupiers, developers or investors.
It provides inside information on the auction process from both buyers' and sellers' points of view, from checking guide prices to proxy or internet bidding. 'Going once, going twice, sold to...' is available free at: RICS Property Auctions.
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