Nottinghamshire County Cricket Club commercial partner John Pye Auctions is about to shake up the property market like never before with the first industry leading online property auction in September 2014 offering sellers an exclusive 0% launch rate.
The online property auction commenced on Thursday 18th September and concludes Tuesday 30th September. The next property auction is already lined up for December.
The UK’s fastest growing auction house, a keen supporter of Nottinghamshire sport, has spent the last 45 years questioning the old and bringing in the new, growing organically as a business from one auction a week to seven, from one trading site to 12 nationwide, bringing new innovations to many different stock and asset auctions.
“We have extensive experience of managing property ourselves, having grown from 1 trading site to 12 in the last 3 years, and for quite a few years we have been asked by many clients if we will deal with properties as part of wider asset instructions,” said Managing Director Adam Pye.
“We have spent a great deal of time, effort and cost assessing the market place and shaping and building a transparent and accessible online model which we believe will bring both sellers and buyers key benefits.”
Business Development Director Sheldon Miller added: “It has been proven across all other facets of our business for clients, from Banking to Retail PLC and we are essentially pooling this best practice across multiple industry benchmarks and into the property market.”
John Pye Property is headed up by Richard Reed MRICS, an RICS Registered Valuer, supported by experienced property sales and marketing teams.
The launch of John Pye Property division has been three years in the planning and the firm believes it will revolutionise the property auction sector with an exclusive online offering; with a digital platform tried, tested and established over the last four years managing the company’s stock and asset offerings for the UK Banking, Finance, Government and Retail sectors.
John Pye Property online auctions are very similar to a live traditional auction with an intensive marketing period, viewings, exchange of contracts when bidding ends and 28 day completion deadlines.
The two main differences with John Pye Property online auctions are that no sale fee or entry fee will be charged to sellers and bidders place bids online and over a longer period instead of in the auction room.
John Pye Property will stage its first property auction in September 2014. The next online property auction is set for December with a good number of lots already lined up.
Visit www.johnpye.co.uk for current auction catalogues.