Auctions and upcoming events

Just a quick property update for you on auctions. I went to a local auction in Huddersfield last week to watch the auctioneer cringe. They’ve been quite ‘cocky’ in the last couple of years, with a lack of respect and time for investors, inflating prices and playing silly games to increase their commissions – how times change.

Of about 33 lots:
3 had been sold prior
66% were unsold on the night by not reaching reserve
Couple of properties went for what looked like 20-25% BMV
Couple of houses were a fair price
One new build apartment – no bids or interest at all!
Was surprised to see a building plots being in demand, as bank finance is tight for investors and the new build market stagnant. Probably for self-build or a builder with time and money on his hands.

I recommend you watch your local auctions and contact the estate agents about any unsold lots. They have bargains waiting to be picked up for those of you still buying.

Let your friends in property, personal development know about this blog – and those that want to expand their lives. Sign up for updates by entering your name and email at the top right –>

Upcoming Events

25th Nov, Manchester (& 27th Nov, Darlington) – Cash Flow Nights,
Rent to Own Options with David Lee, How to Buy a House for £1!

28th Nov, Birmingham – The Property Investors Xmas dinner,
with Simon Zutshi and the PIN Team

29th Nov, London – YES Group 15th Anniversary Party,
See you at THE Party of the Year!

1st Dec, Manchester – Female Entrepreneurs from Australia,
Two amazing ladies, Getrude Matshe & Samantha Backman

3rd Dec, Leeds – Northern Property Network Meet with two amazing guys 😉

Others speakers details removed as requested.
Bobby Gill – Student HMO Landlord

Bobby will share with you how you can put together a deal in this economy by being creative. Why Student HMO’s are a great way to invest for yield and what to watch out for.

Leave a Reply