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Do you need an EPC?

If you are selling, renting or building a property* then you are legally required to provide an EPC or ‘Energy Performance Certificate‘. EPCs are conducted by qualified ‘Domestic Energy Assessors’ and they will need to visit the property to conduct a thorough assessment before producing the certificate. EPCs must be supplied for both residential and […]

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5 Reasons to get a survey

If you are planning to buy a property, then it is absolutely essential that you get a HomeBuyers Survey before you exchange contracts. Failing to do so could leave you immersed in a financial nightmare that could have been averted for just a few hundred pounds. The top 5 reasons to get a HomeBuyers Survey are: […]

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My Landlord has sent me an ‘offer notice’ – what is it?

This could mean that your freeholder has, as per his or her legal obligation under the 1987 Act. offered the leaseholders of the building the opportunity to purchase the freehold under the so-called ‘right of first refusal’ under that Act. Why would the Freeholder offer the Freehold to the Leaseholders? It could be that the […]

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MPA closes Liverpool Property Auction business

MPA Limited have concluded their final Property Auction in Liverpool and despite successfully selling 82% of their lots, MPA are closing their auction business. The company held property auctions over the last 4 years under the direction of Kate Lay, a multiple business award winner and one time nominee for Liverpool Young Director of the […]

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Finding Property Auction Bargains

If you have an interest in the property market you will almost certainly be aware of the hype around Property Auction Bargains. But, as with all hype, separating fact and fiction is critical in painting an accurate picture.  Furthermore the hype has increased awareness which in turn competition at auction which, to some degree, has […]

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Venmore sells 55% of lots at December Property Auction in Liverpool

Congratulations to Venmore Property Auctions who sold 29 of the listed 49 lost generating an impressive £1. 9m of sales at a recent Property Auction in Liverpool. The Property Auction was held at the Hilton Hotel, in central Liverpool.  However, due to the success of its Liverpool Property Auctions throughout 2011 (£7. 85m sales over […]

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Unsold Lots at Property Auction – Bargains to be had

A Property Auction ‘Unsold Lot’ is quite simply when the property was not sold during the bidding process.  This could be due to the property not receiving any bids, not reaching the reserve or perhaps even being withdrawn. Ah well better luck next time, best pack up and go home, no bargains to be had […]

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The Ultimate Property Auction Bidding Strategy for Buyers

Bidding at a Property Auction is nerve-racking for novice and professional buyers and even some auctioneers. That said, auctioneers are the pros and were they not auctioneers they probably do well as actors.  Their primary goal is to encourage buyers to bid and buy property for the highest possible amount.  If they can encourage you […]

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What type of property can you find at a Property Auction?

The short answer to this is every type. Make no mistake however, Property Auctions are unlikely to offer the same percentage of generally uncomplicated property that would typically be found for sale through other channels such as Estate Agents. Whether you are looking for commercial or residential property or perhaps even a plot of land, […]

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Repossessed Property Auction – a critical guide for buyers

Are you hoping to bag a bargain at a Repossessed Property Auction?  Then read on. . . There is no doubt that buying a Repossession or ‘Repo’ is a potential way to acquire property at Below Market Value (BMV).   In 2011 approximately 20% of properties sold at auction were repossessions.  Sadly (depending on your […]

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How to Find a Property Auction

One of the most common questions we are asked is “Why are some Property Auctions so difficult to find?”   Surely auctioneers have a duty to advertise as far and wide as possible?  Well yes, however advertising budgets are typically quite stretched and in reality exposure is accordingly limited.  As a result it can feel […]

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Arranging Property Auction Finance – what you must know

  If you require a mortgage or loan, then the most important thing is to arrange your Property Auction Finance before you bid: If you leave it until after the Property Auction you will still need to pay 10% of the final selling price on the auction day and the remaining 90% within 28 days. […]

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Property Auction Fees

Property Auctions can be an exciting and potentially rewarding way to buy and sell property.  Get it wrong however and instead of ending up with your dream home, you could end up with an expensive nightmare. Fridaysmove strongly advocate that potential bidders at auction conduct thorough due diligence on the property before bidding.  This should […]

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Online Property Auctions

It has been possible to buy and sell at an Online Property Auction for a number of years but is it an established way to buy and sell property in the UK? First, by Online Property Auction we don’t just mean an Auction House with a website, even if it does offer interactive services such […]

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Property Auctions 2012

Over the past few years, Property Auctions have enjoyed sustained growth both in absolute terms and relative to the property market as a whole.   But what is the outlook for Property Auctions in 2012? To predict 2012 Property Auction activity, first we must consider the historical reasons for growth along with the underlying reasons […]

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What is a property auction?

A Property Auction, like any other form of auction, is a process by which Residential or Commercial Property (and plots of land) are sold to the person making the highest bid at during the auction process. There are 2 types of Property Auction,  Private Auctions open only to select parties ( e.g. banks) and Public […]

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University fuels demand for housing in Worcester

A dramatic increase in the number of students studying at the University of Worcester is boosting demand for housing in the city, the institution has claimed. This is creating a more competitive market for well maintained, high quality properties in many parts of the city. Almost 1, 000 full-time first year students currently staying in […]

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Conveyancing Solicitor discusses the risk of flooding in Worcester

Summer 2007 – one of the worst floods on record In the summer of 2007, Worcester experienced one of its worst floods on record, devastating hundreds of businesses. The repair costs for council properties in the city, including Timberdine Nursing Home, reached £120, 000 and the total cost of the flooding for the county of […]

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