Network Auctions Conference deemed a success

first_imgThe popularity of property auctions in the UK has increased enormously in recent years, providing sellers with an alternative means of disposing of property, as well as providing estate agents with yet another potential revenue stream, not to mention an opportunity to add an extra string to their bow in terms of the services that they provide their clients with.While there is little to stop an agency setting up their own auctions department, many opt to establish links with one or more experienced auctioneers, which may explain why Network Auctions’ partner agent conference at the Grosvenor House hotel in London last week was so well attended.More than 60 partner agents from all over the UK attended the event, which included presentations from a host of leading industry figures, including David Sandeman of the EI Group, industry trainer Tim Wakelin and property industry mentor Michael Day of Integra Property Services.The conference also saw the launch of Network E, which is a new method of sale that enables sellers for whom a traditional auction process is unsuitable, to still benefit from the certainty and speed of the auction process.An online bidding system creates an exclusivity agreement upon the fall of the electronic gavel and a fixed exchange date is set. In the unlikely event of a transaction failing to reach exchange because the buyer defaults, the deposit is shared between the seller and the agent.Network Auctions has already successfully sold property through the Network E system and it was well received by people at the conference.Toby Limbrick, Managing Director of Network Auctions, said, “The conference was a great success and exceeded our expectations. Feedback on all aspects of the day and, in particular the quality of the content, was excellent and I have no doubt that our partners are now even more enthused and equipped to differentiate themselves in the market and enjoy even more success in 2016.”With more buyers armed with their cheque book now packing in to auction rooms up and down the country, competition among bidders is growing, driving up property sale prices in the process, with many lots selling, as reflected by the average sales success rate of 82 per cent achieved by Network Auctions in 2015.During 2015 Network Auctions’ partner agents received a ticket for every lot entered in an auction. The winning ticket was drawn at the conference by Network Auctions’ Penny Nichol and Hartwell Partnership from Aylesbury went home with a cheque for £3, bidding system Network Auctions Conference property auctions auctions 2016-01-27The Negotiator Related articles Laptops donated by Hunters in memory of murdered York estate agent28th April 2021 Your Move parent group posts extraordinary profits surge28th April 2021 TPFG boss: Why we’ve joined rival LSL’s mortgage network27th April 2021What’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed. Home » News » Agencies & People » Network Auctions Conference deemed a success Network Auctions Conference deemed a success27th January 20160547 Viewslast_img

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