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Snap up 1999 prices

7/23/2009 10:38:00 AM

Prospective landlords can now snap up homes at prices of a decade ago and will receive the keys to their property within just three weeks, according to mustbesold.com auction events...

The auctions are organised by the UK's largest independent estate agency group Spicerhaart, in association with one of the UK's leading property auctioneers, Graham Penny Auctions.

Spicerhaart Chief Executive Paul Smith said, "If you're looking for a quick purchase or sale then auctions offer an ideal way to exchange.

"In the UK, property sales take on average 14-16 weeks to complete but many of those who buy at the next mustbesold.com auction event will complete the sale within just a few weeks. The process is very fast-moving and that is why our mustbesold.com auctions are becoming increasingly popular with people looking to get on the property ladder, upgrade their home, or build up a buy-to-let portfolio."

Graham Penny, a Director of Graham Penny Auctions, added, "In this credit crunch environment, people are keen to hunt out a bargain and snap up these homes at prices of a decade ago.

"Prices in the auction room accurately reflect the current housing market and are an up-to-date indicator of credit crunch property prices. This allows both buyers and vendors to exchange at a fair cost."

Entries for the August mustbesold.com auction are invited up until Friday 31st July.

Source: www.propertytalklive.co.uk

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