Podcast: Property Auction Masterclass: Expert Insights for 2024
In this episode of The Business Magazine Property Podcast, our Managing Editor, Stephen Emerson, delves into the property auction market of 2024 with three industry experts: Richard Auterac (Chairman and Auctioneer at Acuitus Auctions), James Emson (Managing Director at Clive Emson Auctioneers), and Arian Manouchehri (Head of Broker Relations at MSP Capital). They share valuable insights on current market trends, the impact of online auctions, and strategies for buyers to succeed in the competitive auction landscape.
Key takeaways:
1. The 2024 auction market has seen a solid start, with more buyers than sellers, and a focus on correctly priced properties.
2. Online auctions have revolutionized the industry, increasing accessibility and expanding the buyer base significantly.
3. Local knowledge is crucial for both auctioneers and buyers to make informed decisions and maximize returns.
4. Properties requiring work or offering unique features often perform well at auctions, attracting a diverse range of buyers.
5. Bridging loans can help buyers leverage their capital, enabling them to take on multiple opportunities simultaneously.
6. Due diligence, including legal title checks and financial planning, is essential for buyers to mitigate risks associated with auction purchases.
Join us as we explore the dynamic world of property auctions and learn how to navigate this exciting market from the experts themselves. Don't miss out on these valuable insights that could help you secure your next property investment!
