Network Auctions Conference deemed a success

The popularity of property auctions in the UK has increased enormously in recent years, providing sellers with an alternative means of disposing of property, as well as providing estate agents with yet another potential revenue stream, not to mention an opportunity to add an extra string to their bow in terms of the services that they provide their clients with. While there is little to stop an agency setting up their own auctions department, many opt to establish links with one or more experienced auctioneers, which may explain why Network Auctions’ partner agent conference at the Grosvenor House hotel in London last week was so well attended. More than 60 partner agents from all over the UK attended the event, which included presentations from a host of leading industry figures, including David Sandeman of the EI Group, industry trainer Tim Wakelin and property industry mentor Michael Day of Integra Property Services. The conference also saw the launch of Network E, which is a new method of sale that enables sellers for whom a traditional auction process is unsuitable, to still benefit from the certainty and speed of the auction process. An online bidding system creates an exclusivity agreement upon the…