Key Phrases at Property Auction

Guide Price Range Each lot will usually have a guide price or, more likely, a guide price range. For example, ‘£150,000 – £170,000’. This figure normally refers to what the auctioneer thinks the lot will sell for at the event but can occasionally refer to their perception of the property’s […]

How to spot a distressed seller

The Holy Grail of property investment is a ‘distressed seller’ – someone who is under severe pressure to dispose of a property and prepared to reduce the asking price to sell it quickly. Desperate people will do desperate things – but very few will admit to it when potential buyer […]