Accelerating Agent Success- Thomas Elliott, Whitegates Huyton
We spoke with Thomas Elliott, Branch Manager at Whitegates Huyton, to find out how working with iamproperty has helped to support his branch.
Introducing our new Online Auction Index - a quarterly focus on the UK residential Modern Method of Auction market and a first of its kind for the UK property market.
JAMIE COOKE
Co-founder
JAMIE COOKE
Co-founder
Our Online Auction Index is a first of its kind for the UK property market, and we’re launching this at a time when the Modern Method of Auction (MMoA) market has never been more active.
Each quarter the Index will evaluate the online auction market and set out predictions for the quarter ahead. It’ll also look at the great results auction is getting for Estate Agents and vendors, review performance and growth across the regions and explore consumer trends. It will be full of useful data to help agents keep their finger on the pulse of this growing market and support them in winning new instructions, by showing the success that vendors can enjoy with auction.
We hope you enjoy this first edition which evaluates January to March 2023.
"We’ve had a brilliant start to the year with auction. Our auction sale rate typically sits between 5-10% but has risen to 10-15% over the quarter, so we’re really pleased with that. Having the auction service has been a real benefit while the market has been tight, helping to push through sales and with that comes 7-day payment of our fees which is an added bonus. iamproperty does a lot of the work, which takes the pressure off our team while there’s lots to do. It’s a great partnership."
“The Modern Method of Auction (MMoA) has performed really well for us this quarter. The market has been tough since the interest rate rises which we’re still seeing now, and MMoA has been an asset. We’ve seen more motivation from vendors to sell via MMoA, who’ve understood that they needed speed and security if they didn’t want to take any chances with timescales. There’s been some great results, in particular with two properties in Leeds and Harrogate that received over 100 bids."
“This quarter has been a very strong one. The end of 2022 was a disaster for the property market, and we saw sales slowdown drastically, so auction has been a godsend because of the speed and security. We offer auction as part of our general pitch to clients and 11% of our sales now go through auction. Because of the market conditions it’s a more viable option than ever and our clients like to have the option there – people who are only being offered Private Treaty are missing out.”
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Find out moreWe spoke with Thomas Elliott, Branch Manager at Whitegates Huyton, to find out how working with iamproperty has helped to support his branch.
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We spoke with Vicki Cullen, Operations Manager of both Whitegates and Hunters Estate Agents, to find out how working with iamproperty has helped to enhance her franchisee’s offering to vendors.
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