The Experts Group has launched ‘The Auction Experts’, a self-employed network for specialist sales by property auction.
The Auction Experts will operate under a similar model to its ‘sister’ companies, The Property Experts, The Letting Experts and The Mortgage Experts, whereby the auction experts will be self-employed.
Founder Sean Newman said: “We are seeing more and more estate agents taking the self- employed route, however one of the biggest concerns for many that don’t go self-employed, is the time it takes to start earning money because of sales dragging or potentially falling through.
“Self-employed auction experts are just like self-employed estate agents, except they focus solely on properties suitable for auction. This is a niche market with less competition.
“The main benefit is that the Auction Expert can earn money in month one – they can list a property at the beginning of the month and get paid at the end of the month – it’s quick and easy.
“That’s a huge advantage if you’re going self-employed – you don’t have to wait for six months before your first sale completes”
Data from the Essential Information Group revealed that uptake in auction properties is on the rise, with an 8.7% increase in lots offered and a 9% increase in lots sold in September alone.
Ray Purchase, managing director of The Auction Experts, added: “What we’re offering is a ‘business in a box’.
“We provide all the tools, support, training, technology and marketing.
“We have a success blueprint which provides systems and strategies to identify auction properties and contact the owners.
“There is no need to compete with other estate agents overvaluing, offering low fees and dealing with unmotivated sellers.
“Auction sellers are motivated, benefit from no fee and understand the principle of starting with a low guide price to attract interest and create competition between bidders.
“The 2% standard fee (minimum £2,500) is paid from the buyer premium and 70% of it goes to the self-employed Auction Expert.
“This means just one sale a week can generate an income of over £100,000 a year.”
