Every week, hundreds of commercial and residential properties are sold at auction in Britain, often at bargain prices, with owner-occupiers accounting for a growing proportion of buyers. In this best-selling guide, author and property auctioneer Howard Gooddie spells out how straightforward the auction route can be and divulges the tips and practices of this relatively unknown world.
Buying Bargains at Property Auctions
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'This book provides a clear, step-by-step guide to what happens both before and after the auction. For anyone taking their first step in buying a property by auction, this is an excellent initial investment.' --The Letting Update Journal
--This text refers to an alternate
Paperback
edition.
About the Author
Howard Gooddie is head of auctions at Longden and Cook Commercial in Manchester. His father and grandfather were auctioneers before him and he grew up immersed in the world of auctions. During his boyhood he was a 'lotter' and clerk at many of his father's auctions and his first property sale was in 1957 at the age of 25.
Longden and Cook were the first firm to pioneer holding auctions simultaneously in London and Manchester, show pictures electronically of the properties being offered, introduce bidding paddles to property auctions and place the full catalogue on the Internet.
Howard Gooddie has conducted more than 210 composite auction sales and has offered nearly 13,000 lots, inspecting virtually all of them himself. He is a member of the auctioneering skills panel of the Royal Institution of Chartered Surveyors, and is a Master of Arts from Cambridge University with a Certficate of Proficiency in Estate Management. He also holds a Diploma in Town Planning and is a Fellow of the Royal Institution of Chartered Surveyors.
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Customer Reviews
Most Helpful Customer Reviews
179 of 184 people found the following review helpful
Format:Paperback
An interesting guide which takes some of the mystery out of the world of property auctions.
Whether you are looking to buy a new home for yourself, or purchase property to develop/let, this book clearly illustrates the pros and cons of buying at auction. It assumes no previous knowledge of the subject and presents a clear step by step guide to what happens both before and after the auction.
The author is clearly well versed in the world of auctioneering. He does an excellent job of explaining the auction process and exposes tactics used by auctioneers and bidding strategies.
71 of 74 people found the following review helpful
Format:Paperback|Amazon Verified Purchase
If you are considering, toying with the idea of buying at auction you MUST HAVE THIS BOOK IT IS THE ONLY ONE YOU NEED. The book covers all subjects in depth without blinding the reader with too much information, from how the auctioneer portrays himself at auction to the financial side to completing the sale.
I was only toying with the idea a few weeks ago and now am on my to making the dream come true!!!
I was only toying with the idea a few weeks ago and now am on my to making the dream come true!!!
24 of 26 people found the following review helpful
Format:Paperback
I found this book as a basic one for buying property in auctions. I found this is the basic for build a strategy and a business plan. No doubt you cannot start to invest in auctions without this book. One of the best so far I read, you can avoid gross mistakes and you can save thousands in auctions and avoiding pitfalls. One of the most interesting list is the list of auctioneers as well as the details of organizing a business plan before the auction, have ready the bank in your side, the valuation, the project and the survey, read it, it is fantastic, you cannot ask really more for the price.
Most Recent Customer Reviews
3.0 out of 5 stars
OK introduction to the basics
This book gives a good overview of the basics, but can get a bit repetitive. It also needs updating for the fact that most auction catalogues, etc are published online so all the... Read more
Published 6 days ago by Jim
4.0 out of 5 stars
Worth Buying
This is certainly worth buying if you are a novice at Auctions and will avoid you making basic errors and looking a fool. Read more
Published 2 months ago by Tony
2.0 out of 5 stars
Very Basica Common Sense
If you don't have a clue about property auctions this might be a little bit useful. If you have some basic knowledge this is not going to help you.
Published 3 months ago by malcrider
5.0 out of 5 stars
Excellant
A very useful book from the expert, Never having bought at auction interested to know the secrets are christmas present, very pleased with it
Published 4 months ago by Ian George Bance
4.0 out of 5 stars
Good beginners guide
Generally good although a bit repetitive. The anecdotes do seem a bit outdated and no dates given to help give context to buying and selling prices. Read more
Published 5 months ago by Curlygirl
5.0 out of 5 stars
Buying a propert at auctiob
I wanted a book to lead me through the process of buying a property at Auction and this book fully met my expectations.
Published 5 months ago by Mr Peter G Thompson
3.0 out of 5 stars
Avoid Kindle edition
I purchased the Kindle Edition of this book to read on iPAD. Many figures and examples are too low resolution to read, defeating the point of a lot of the main body commentary... Read more
Published 14 months ago by wozinaname
5.0 out of 5 stars
starting to buy property at auction
I had been thinking of buying a property at auction, in the hope of picking up a bargain. But my hopes will soon become reality, as the information in this book has given me the... Read more
Published on 19 Dec 2010 by pouncer
5.0 out of 5 stars
Everything You Need To Know
I read this book in one day and was SO pleased I'd read the other reviews and bought it immediately. Read more
Published on 19 Aug 2009 by J. Carter
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