Probably 70% of cheap property is sold at auction..

      xpropertyBuy-to-let: professional investors cash in on the credit crunch,  
BBC Panoramafinancial-house
     Professional investors are cleaning up; Auctions pinpoint Repossessed Properties
For these people, a weak housing market represents an opportunity to find a bargain property and take advantage of rents that have risen by 12 per cent over the past six months, according to Paragon Mortgages. Investors know that fewer buyers in the market equates to a greater demand for rental homes. Check up to the minute property prices
 
Heenal Lakhani, 27, is a typical example of a  investor who gave up his day job to focus on property full-time and is among those searching for a good deal. Part of his approach is to target properties that have been repossessed, refurbish them and sell at a profit - as he demonstrated in Bricks and Mortar in February.

  He adds: “The savvy investors know that this is a good time to buy. Lenders may be asking for deposits of up to 25 per cent. In London there are lots of investors with cash who are happy to put down that deposit. They will do the maths and work out the yield. If the property is at the right price, they will buy. Leaving the money in the bank will not earn you that much interest.”

Paying about 5 per cent below the asking price has become the norm but the investors getting the very best deals are those who are buying in bulk. Matt Tack, director of Hampton's Asset and Investment Management, an advisory service to property investors who buy anything from 20 to 100 properties in a single go, says that some investors are managing to buy properties at 20 per cent below their market value. He says: “It can be anything from traditional Edwardian and Victorian buildings in Chelsea to new-builds in Stratford.

There are a lot of properties on the market which would have been snapped up within days last year but are now taking longer to sell. These are now being bought quite cheaply by professional investors who intend to hold for three to seven years.”

 


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So many people ask how do you do it and where does your information come from? Simple really! It's not rocket science.
 
Over the last 8 years we have built a huge database covering all aspects of UK auction houses, We currently have well over 1800 auctioneers,companies and enterprises dealing in these on our database. We constantly search for new data.Our central computer system searches every single day for new data using a softwares agent* which 'crawls' searching for and absorbing information to update our database.  
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