Posted on 6th May 2016 by Jordan Holmes
Award winning auction provider IAM Sold has continued its phenomenal start to the financial year by breaking its previous best sales volume record that was set just last month.
The fantastic sales month in March was widely believed to be due to the then impending change to the Stamp Duty rates for second homes or investment properties. The fact that IAM Sold has continued the record breaking run through April shows that not only were the March figures not necessarily due to the “Stamp Duty Blip” but that auction, as a viable route to buying and selling, continues to grow. April sales grew by 11% to 222 from 198 in March.
What makes these figures even more interesting is that 66% of sales in April were down to investors – proof that the rise in second property Stamp Duty has not diminished the investor market. Furthermore, almost 80% of those sales were cash sales, adding further evidence that the market is buoyant and expanding. Ben Ridgway, director of business development & innovation said: “We are delighted that we have smashed our previous sales records 2 months running and it shows that the work we are doing with our partner agents and our investors is paying dividends. It also shows that the more astute investors are still finding great value in the marketplace.”
Following a fantastic end to 2015, winning the prestigious Sunday Times Estate Agency of the Year Award for Best Supplier and placing 23rd in the Sunday Times Virgin Fasttrack 100, the company has further significant growth plans for 2016 including expansion of regional public auctions and some innovative new products, as well as acquisitions of existing businesses. Ben Ridgway said: “The organic growth of the company has put us in a very strong position and means we are now also looking at acquiring companies that will help us build on the success of the IAM Sold principles.”
Auction success for Goldfinch Estate Agents We’ve worked with Goldfinch Estate Agents for over 5 years now, powering their auction service. Antonia Askew, Sales & Lettings Manager at Goldfinch, talks about being an iamsold Auction Hero. Tell us about the effect auction has had at Goldfinch Introducing auction has been nothing but positive – it’s […]Read more
With exceptional customer service central to our ethos, our Sales Progressors are vital to keeping our day to day running smoothly. The iamsold Sales Progression team supports customers and solicitors in progressing transactions through to completion, within our 56-day transaction period. Customer Service Manager, Stevie Scott, explains ‘our Sales Progression team is highly effective and […]Read more
Insights from Emma Burdis, Head of Compliance at iamproperty Legislation changes in 2019 placed a huge emphasis on tightening anti-money laundering regulations, as well as transparency of referral arrangements and payments. As industry leaders, iamsold has ensured that our contracts, systems and marketing materials are fully compliant. We’ve also been committed to providing guidance on […]Read more
Founded just over ten years ago, iamsold is set for an excellent start to a new decade. Founders and Managing Directors, Ben Ridgway and Jamie Cooke, discuss the roaring success of 2019 and their ambitious goals for the year ahead. Ben: ‘Reflecting on the last 12 months, we have a lot be proud of. We’ve […]Read more
iamsold Ltd is rated 4.68 stars by Reviews.co.uk based on 734 merchant reviews