Released on = April 2, 2007, 11:05 am

Press Release Author = Jimwatson

Industry =

Press Release Summary = Investing in property could well be an exciting prospect for
many landlords - well, the thought of the profits to be made certainly will be.
However, a growing number of homeowners are adding an extra touch of spice to the
process and possibly gleaning a few extra pounds by picking up a property at
auction, according to one expert.

Press Release Body = Investing in property could well be an exciting prospect for
many landlords - well, the thought of the profits to be made certainly will be.

However, a growing number of homeowners are adding an extra touch of spice to the
process and possibly gleaning a few extra pounds by picking up a property at
auction, according to one expert.

David Sandeman, the managing director of Essential Information Group, claims that
there has been a \"terrific\" upsurge in the number of people purchasing in this
manner. And although 50 per cent of these are to large-scale investors and
developers, the remaining half are snapped up by ordinary buyers or people looking
to make a bit of cash by renting it out, says Mr Sandeman.

\"The internet\'s made it very easy for people to get information as to what\'s coming
up at auction ... auctioneers are very much more friendly now towards individuals,\"
he states.

So, what are the advantages of this method, as opposed to the traditional scouring
of streets and estate agents to find the perfect buy-to-let opportunity? Well, Mr
Sandeman believes that speed is a factor, with both seller and buyer benefiting from
this factor. Additionally, he notes that when buying at auction the dreaded gazump
is a thing of the past, while prices can often be cheaper than those available
through estate agents.

Additionally, it seems that buy-to-let property investors wishing to purchase a
\'fixer-upper\' and do a little work before letting could also be in luck.

\"Generally properties at auction are unmodernised and could benefit from some work,
whereas generally properties sold via estate agents are modernised,\" adds Mr
Sandeman.

Web Site = http://www.assetz.co.uk/

Contact Details = Assetz House, Newby Road, Stockport
Ph. 0845 400 7000
Fax. 0845 400 6010
Email. linkexchangeseo@gmail.com