Jamie Cooke
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Latest property news
COVID has accelerated home buying digitisation ‘by ten years’
MD of biggest online auction specialist Iamsold.com says pandemic has also hastened the decline of 'ballroom' auction events.
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Latest property news
Zoopla and online auction giant sign ‘industry-first’ deal
The portal is to offer Iamsold's 'modern method of auction' service to its member agents and hopefully kick-start greater adoption of auctions among vendors.
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Features
The auction option
More and more homes are going up for auction and under the hammer. Andrea Kirkby explains how agents can get in on the auction action.
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Features
Online boom boost for auctions
Physical events in distant halls limited buyers’ involvement – now online auctions are building a huge success for auctioneers and estate agents.
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Latest property news
iamproperty celebrates 10 years, rising revenues and a new Group Chairman
Property industry veteran, Mark Goddard, has been announced as Group Chairman of iamproperty...
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Latest property news
IAM Sold launches valuer training programme
IAM Sold (IAS) has launched a new valuer training programme, designed to provide its partner agents with the very best support, knowledge and skills to enable them to increase their listings and win more business.
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Latest property news
Fine & Country signs up to IAM Sold ‘modern method’ of auctions
Fast-growing auction provider IAM Sold has signed up its first prime property agent, Fine & Country, and is preparing to roll out its white-labelled service among the agency’s participating franchisees early next year. The deal will add Fine & Country’s 200 franchised branches to IAM Sold’s existing network of 1,900 branches. The Park Lane based prime property market agency brand, which shares a parent company with The Guild of Property Professionals, made the decision to sign up with IAM Sold because it believes auctions are no longer the preserve of the lower end of the property market. Fine & Country has already sold its first property through an IAM Sold auction, despite the ink still being wet on the contract. This was a four-bedroom Edwardian detached house in Longfield, Kent (pictured) which, after 21 viewings and 34 bids, sold for £1.562 – 84% over its £850,000 starting price. “We are very excited about our partnership with IAM Sold,” says David Lindley, CEO of Fine & Country (pictured, left). “The modern method of auction is no longer reserved for homes at the bottom end of the market. Some of our sellers need to move quickly, so Fine & Country Auctions is…
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Latest property news
Entrepreneurs behind IAM Sold launch online conveyancing ‘disruptor’
An online conveyancing system has been launched that enables small and medium-size agents to offer their own in-house branded service and take on the corporates. Ben Ridgway and Jamie Cooke (pictured, below) whose company Intelligent Services Group also owns IAMSold, has launched The Conveyancing Partnership (TCP), a free service for agents. TCP works by prompting vendors to start the initial stages of the conveyancing process prior to an offer being made and is claimed to improve relations between agents and solicitors, and speed up conveyancing by up to seven days, one agent trialling the system claims. TCP acts as a way to persuade vendors to use the agent’s own solicitors, and then enables agents to offers their own branded ‘in-house’ conveyancing service to progress the sale. If the customers then go on to use TCP’s no-sale, no fee service run through a panel of local solicitors picked by the agent, then branches can expect referral fees of between £100 and £225 per case, TCP says. At the beginning of the process vendors are asked to fill in a Law Society-approved online questionnaire which prompts them for the details they would normally only provide once the conveyancing process start. This includes the…
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Latest property news
43% of auction sales now going to home buyers, claims IamSold
Online auction house IamSold says half of purchasers using its platform are home buyers rather than investors, and that more agents are using auctions in their instruction pitches as online-only, hybrid and proptech companies continue to disrupt their traditional agency models. Data from IamSold reveals that it has seen a 55% uplift in value of homes sold through its auctions while the number of homes sold has increased by a third. This is evidence, the company claims, that both more agents are using auctions and that more upmarket properties are also going under the gavel. “As agents continue to build auctions into their marketing package, we are also starting to see a major shift in public perception,” says Jamie Cooke, MD of IamSold.co.uk (pictured). “Our stats from last year show a significant proportion of consumers turning to auction to buy property for their own use with almost a direct split between cash and mortgaged purchases – 43% of buyers bought for owner occupation while 47% purchased for buy-to-let purposes, and 10% bought to re-sell. “This is very different to a few years ago, when auctions were almost solely the preserve of cash buyers; typically larger investors and portfolio landlords.” These bullish figures…
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