Phil Spencer is the darling of the property world as co-presenter of TV-hit, Location, Location, Location. He advises that this Christmas is the season for a bargain – there’s never been a better time to check out a property auction.
Property auctions are becoming big business for property investors. The looming credit crunch that is on the tip of every property developer's tongue has created many doubts and concerns for home buyers and sellers. Repossessions, the Council of Mortgage Lenders say, are set to rise by 50% in 2008. The slump has been blamed on the increased consumer debt, rising mortgage payments as fixed rates come to an end, and general affordability gaps when it comes to mortgages and home ownership. A property auction offers a fast solution for homeowners desperate to sell, but it also offers potential bargains for property investors too.
Property Auction – Snap up a Bargain
The current property market may spell bad news for many homeowners, but for property investors it offers a window of opportunity. The slump is thought by many to be short lived, which means one thing – property prices will drop before rising again. This means there's a chance to make thousands of pounds in a matter of months by buying now while prices plummet.
A Festive Sale
Phil Spencer wrote in The Times newspaper recently: "The market is slowing – and, although headlines and statistics make gloomy reading at the moment, any buyers out there are blessed with every argument or excuse they've ever dreamt of to support aggressive price negotiations. This is a slowdown, not a slump, and it provides plenty of opportunities for confident buyers to flex their negotiating muscles and prey on sellers' insecurities. Christmas time is here, it is a buyers' market and, for anyone prepared to put in the effort, Santa has plenty of treats in store." Going to an online property auction is timely – by acting fast, you could snap up a bargain - and in the process make a tidy profit.
Property Auction – Act fast, sidestep delays
One of the major problems with buying and selling houses in today's market is the fact that everyone is fraught – deals can collapse, chains break down and the risks can cause emotional turmoil. A property auction is one way of buying or selling a home fast, sidestepping the delays and turmoil.
If you need help to get a faster sale or you are looking to buy a property at auction, contact Discount Property Auction. We're committed to helping you, whatever your circumstances. If you want to sell your home, you can use our dedicated online auction facility, which allows you to upload your property yourself and put it in front of genuine, interested buyers. Call us now on 0800 1313 999 or email admin@discountpropertyauction.co.uk to find out more.