It is getting easier to buy a home from the comfort of your armchair with a laptop or even a smart phone. Property auctions are growing in number and becoming more computer-friendly.
Marbella-based Direct Auctions, has launched a Portuguese auction service to supplement its Spanish auctions, in which buyers can look at properties and make bids online before the auction date.
In Britain, property valuations website, Zoopla.co.uk, has launched online auctions for homes, that run for four days at a time. The first 150 homes were auctioned in February since when auctions will be held once or twice a month.
The idea for online property auctions has blown in from the United States where auctioneer, REDC, sells about 1,000 homes this way each month.
The advantage for buyers is they can purchase from “motivated sellers” with no chance of being gazumped Zoopla says. For sellers, it can mean a speedy sale.
http://globalpropertynews.blogspot.com
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