Why agents should look to online auctions in a challenging market

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Between October and December 2017, some £822 million worth of UK residential property was sold at auction, according to the Essential Information Group. Initially this may seem impressive, but it still only represents a small proportion of the overall sales market.Conversely, one auction website in the US, Auction.com, boasted sales of $9 billion in 2016, with indications of further growth last year. So why is the figure not higher in the UK? And should agents be looking at auctions more, particularly in an increasingly challenging market?

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P.K. Management Group

P.K. Management Group, Inc. (PKMG) is a national real estate management company with extensive experience in managing, preserving and providing environmental services for residential and commercial properties.

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