What price fixed fees?
Article Abstract:
Auctions UK, a new company created by auctioneer Hugh Steele-Perkins, will be the first in the UK to sell property for a fixed fee, rather than on a commission basis. It will sell both houses and commercial premises for only 950 pounds sterling, with a further 225 pounds sterling being payable if the property is sold at auction. Other auction firms are responding by emphasising that the lowest changes do not necessarily represent the best value for money.
Publication Name: Estates Gazette
Subject: Real estate industry
ISSN: 0014-1240
Year: 1996
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Full house for residential sales
Article Abstract:
Auctions of residential property in the UK continue to perform reasonably well, with no signs of decline in the volume of properties being made available for auction. Indeed, the volume of repossessed properties coming to auction could even rise in 1996. The weak nature of the private treaty market is also encouraging banks and building societies to put more houses into auction immediately. In contrast, the commercial market continues to perform badly.
Publication Name: Estates Gazette
Subject: Real estate industry
ISSN: 0014-1240
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
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