Successful April for IAM Sold with 80% success rate at West Midlands’ auction

Posted on 12th May 2017 by Jordan Holmes

Outsourced auction management provider, IAM Sold, raised approximately £28.9m capital value across 259 auction sales throughout the UK in April. An auction in the West Midlands attracted the highest number of lots selling a higher-than-average 80% of the 104 on offer.

Of the total sales, 64% were via online auctions, and 36% were in the auction room. The majority of buyers were owner/occupier with 52% purchasing for occupation, while 32% purchased for buy-to-let, and 16% to renovate and re-sell.

Of the 259 auction sales, 37% were sold above reserve. The highest was East Parade, a property in Whitley Bay, which sold for £114,000 – £50,000 over reserve thanks to 32 viewings and an in-room bidding war.

Jamie Cooke, Managing Director of IAM Sold, comments: “April was another busy month for our auction teams. Activity in the auction space continues to be strong as both sellers and buyers see auctions as an increasingly viable way of transacting property.”

For further information, please contact IAM Sold on 0845 519 3126 or visit the website: www.iamsold.co.uk

jordanholmes

Jordan Holmes

Marketing Executive

My name is Jordan Holmes and I am the Marketing Executive at Intelligent Services Group. I have a BA (Hons) in Marketing and Advertising Management which I obtained from Leeds Metropolitan University. I have a keen interest in rugby union, golf, football, weight training and scuba diving. I also have a passion for music and travel. Read more posts from Jordan
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IAM Sold Ltd is rated 4.63 stars by Reviews.co.uk based on 328 merchant reviews

4.63 / 5 Rating
328 Reviews
I sold my property through the modern method of auction and, in hindsight, I'm not sure it was the right method of sale for me. Listing a property at a value significantly below what you believe it is worth seems somewhat counter intuitive and I'm not sure I fully embraced the process. While I remain unconvinced by the modern method of auction, this should not be seen as a reflection on Iamsold - the person assigned to sell the property on my behalf worked extremely hard to extract the maximum revenue from the sale and I couldn't have asked for more.
They sold my house within a month
Friendly, informative, did what they said they would do, kept in regular contact and mist importantly, sold the house.