ADVERTISEMENT Feature
The Modern Method of Auction continues to give agents the competitive edge
i
am-sold understands the auction market like you understand your local market, and with the housing market currently taking a negative turn agents are exploring new income streams to help maintain a
healthy business. Working in partnership with iam-sold enables estate agents to increase
their sales commission with a minimum sales fee of 2.5 percent whilst expanding their services and providing them with a unique advantage over their competition.
iam-sold is an auction management provider offering bespoke outsourced white label auction services to estate agents across the UK. The company offers a full range of auction services ranging from Traditional to the Modern Method of Auction and provides full training, IT and marketing support, working with you to develop the service to get the most from it. iam-sold offers a completely hassle free service. Agents send through
potential auction properties and the outsourced auction team will do the rest. Graham Wilson, Managing Director of DDM Residential, with six offices in North Lincolnshire, said, “It’s like having your own auction department and all the benefits... but without any costs. In 2011, my company sold over 200 auction properties and made an additional £400,000 through auction fees.”
Agents in the iam-sold Network benefit from:
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Increased revenue through additional properties to sell No set up costs or franchise fees to pay
Guaranteed increase in valuation conversion rates Your own dedicated Auction Co-ordinator six days a week
Full staff training and continuous support iam-sold has seen a huge demand for its new Modern Method
of Auction service. This revolutionary new system is aimed at providing a viable alternative for the residential property market to sale by private treaty. The Modern Method of Auction provides greater flexibility than
Traditional Auction by allowing the buyer 28 days to exchange contracts and a further 28 days to complete the transaction while still maintaining the security of Traditional Auction through the payment of a five percent non-refundable reservation fee or deposit by the buyer. As a result of this the Modern Method of Auction opens the auction market, once reserved for the professional investor or cash rich buyer up to normal residential buyers, creating a larger market place, more interest and higher prices than
“In 2011, my company sold over 200 auction properties and made an additional £400,000 through auction fees.”
Traditional Auction. iam-sold currently manages over 100 online property auctions and five regional auction centres on behalf of its clients. As a result of joining iam- sold’s successful network, satisfied partner agents made over £1,500,000 in sales fees and sold 650 properties raising over £75,000,000 in capital value in 2011. Over 90 per cent of these properties sold were using the Modern Method of Auction proving the appetite for the new service amongst clients. 2012 continues to look bright for the company as iam-sold Director,
Ben Ridgway said, “We expect to double our branch network to over 500 branches and sell over 1000 properties for client’s through our range of auction services in 2012 by concentrating on providing agents with what they want, which is a faster, more secure alternative to sale by private treaty.” It definitely goes without saying that with so many satisfied agents
and vendors, iam-sold’s Modern Method of Auction is fast becoming the first choice for agents looking to provide a cost effective auction solution for their clients.
For more information on our services and how you can become part of our expanding auction network please call us on 0845 5193 126 or visit our website:
www.iam-sold.co.uk/agents.
PROPERTYdrum FEBRUARY 2012 59
As part of the service, partner agents receive their own branded
auction website as well as personalised
marketing templates.
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