43% of auction sales now going to home buyers, claims IamSold

first_imgHome » News » Agencies & People » 43% of auction sales now going to home buyers, claims IamSold previous nextAgencies & People43% of auction sales now going to home buyers, claims IamSoldAuctions also increasingly popular with agents when pitching to vendors, says MD Jamie CookeNigel Lewis5th January 20170709 Views Online auction house IamSold says half of purchasers using its platform are home buyers rather than investors, and that more agents are using auctions in their instruction pitches as online-only, hybrid and proptech companies continue to disrupt their traditional agency models.Data from IamSold reveals that it has seen a 55% uplift in value of homes sold through its auctions while the number of homes sold has increased by a third.This is evidence, the company claims, that both more agents are using auctions and that more upmarket properties are also going under the gavel.“As agents continue to build auctions into their marketing package, we are also starting to see a major shift in public perception,” says Jamie Cooke, MD of IamSold.co.uk (pictured).“Our stats from last year show a significant proportion of consumers turning to auction to buy property for their own use with almost a direct split between cash and mortgaged purchases – 43% of buyers bought for owner occupation while 47% purchased for buy-to-let purposes, and 10% bought to re-sell.“This is very different to a few years ago, when auctions were almost solely the preserve of cash buyers; typically larger investors and portfolio landlords.”These bullish figures from IamSold fly somewhat in the face of wider industry figures. For example, a few weeks ago, the EIG Group revealed that that number of lots offered for sale during November compared to the same month the year before dropped by 7.3% while the number of properties sold dropped by 10.3%. But like IamSold, EIG says the value of homes sold rose indicating that more expensive homes are now being disposed of via auction.IamSold.co.uk Jamie Cooke online auctions property auctions auctions January 5, 2017Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021last_img read more

What are the alternatives to the NUS?

first_imgDisaffiliation from the NUS is certainly possible. The question confronting Oxford students is whether or not it would be desirable. There is no straightforward substitute to the NUS, as approximately 95% of all higher and further education unions are affiliated to it. However, there are twoplausible alternatives. The first is to join an organisation like The National Campaign Against Fees and Cuts (NCAFC). The second is for OUSU to aim to ‘go it alone’ and try to perform the functions that the NUS currently does for it.1. The National Campaign Against Fees and CutsThe NCAFC is a democratic, membership-based organisation that was created in February 2010 at a convention hosted by the University of London. The NCAFC took a leading role in the 2010 protests against tuition fees – a role many students felt the NUS under Aaron Porter failed to provide. As the organisation is currently constituted, no Student Unions are currently affiliated to it. This is because members only join only on an individual basis.However, it is the only student organisation in the country, other than the NUS that currently has an infrastructure in place capable of organising national campaigns across multiple universities. The group is also thought to have many of the democratic and transparent structures that the NUS is sometimes claimed to lack.2. OUSUOUSU has plenty of potential and is still growing as a students’ union. If Oxford students were to disaffiliate, it would be able to represent students on at least some level, and cooperate with the NUS, as and whenOxford students want it to.One of the unions that has done this is the Imperial College Union. A founding member of the NUS in 1922, ICU chose to disaffiliate the following year, due to increased membership costs. Since then, it has repeatedly re-affiliated and disaffiliated.[mm-hide-text]%%IMG_ORIGINAL%%9600%%[/mm-hide-text] The ‘No’ campaign, called ‘Believe in Oxford’, will be keen to demonstrate the leadership potential OUSU has shown in the past. For instance, in 2003, OUSU published a paper named ‘The Alternative Future of Higher Education’ that called for direct, progressive taxation to fund Higher Education through increases in income tax at the top end, as well as the introduction of a non-means tested living grant. However, that the current OUSU executive largely want to stay in the NUS should not be ignored.last_img read more

NIMPS, Not NIMBYs in Ocean City Skate Park Debate

first_imgSkaters, young and old, made up the majority of a crowd who attended a City Council workshop Thursday in Ocean City on a proposed skateboard park site.More than 150 people attended a City Council workshop Thursday night dedicated to a proposed skateboard park in Ocean City.In a show of hands, not a single one objected to the idea of building a park in the city.But the crowd was more divided on a proposed site: on a portion of a parking lot adjacent to the Ocean City Fire Department on the 500 block of Asbury Avenue.The scene had all the makings of a classic “Not in My Back Yard” (NIMBY) debate, but there were few objections to bringing skaters to the neighborhood. Instead, the proposal struck a much more tender nerve for Ocean City residents: “Not in My Parking Spot.”The proposed site would eliminate 33 parking spaces from a lot the city created to alleviate parking problems in the area.A committee of local skaters, elected officials and city employees had been working to develop a detailed plan, but an April 15 deadline to apply for a grant that could help pay for the park forced the group to announce the proposed site before it could solicit feedback from all neighbors.That left residents who have become accustomed to using the parking lot in a position of being the “bad guys” lining up against the youth of Ocean City.On a densely populated island where the summer population swells well beyond 100,000 people, parking close to home is never a given. But in Ocean City’s historical district, where off-street “garages” were designed for horse and buggy, the problem is even worse.Residents of the 400 block of Central Avenue — the heart of the historical district — were among the people who questioned the elimination of parking.The council workshop and a subsequent “Town Hall” that allowed for more interaction were dedicated largely to replacing the lost parking spots. THE DEBATE“This neighborhood is probably the oldest in Ocean City,” said Jeff Sutherland, a resident of the 400 block of Central Avenue. “There is very limited parking.”“We’re not allowed to take anything down,” Sutherland later said about the notion of historical district property owners creating more off-street parking. “We can’t change it. There’s nothing we can do about it.”Sutherland said the city used the lot as a boat yard but turned it into a parking lot to help the neighborhood.Nancy Aiken, innkeeper at the Ocean City Mansion at 416 Central Avenue, said she has four children who would likely use the skate park. But she said her inn needs the 10 parking spots afforded by the existing lot.“Please don’t take away my parking,” Aiken said.The majority of speakers spoke in favor of the park as an important resource for youth and families.Mark Raab said the park could be a benefit for businesses. He said his wife drives their child to Sea Isle to skate and stays there until he’s finished.“She drives back with a lot of packages,” he said.Ocean City Intermediate School student Ricky Hardin summed up support for the proposal: “Just let us have our fun.”Mike Pinto, a Fifth Street resident who owns the residential property closest to the proposed park, is a member of planning committee, and he had a proposal to recover the full balance of lost parking spaces. He said 31 spaces could be created in a ring around the adjacent Ocean City Primary School by removing “Loading Zone” and other no-parking signs in the summer when the school doesn’t need them and residents do.The remaining two spaces could be added in the parking lot entrances that would be eliminated with the construction of a skateboard park.Read more:Group zeroes in on skate park site for Ocean CitySee proposed site map__________Sign up for OCNJ Daily’s free newsletter and breaking news alerts“Like” us on Facebook THE PROPOSALFirst Ward Councilman Mike DeVlieger opened Thursday’s workshop with a presentation on plans for the skate park.The city dismantled a park near Sixth Street and the Ocean City Boardwalk in 2011, citing safety concerns over deteriorating equipment. That park had opened in 2002 at a cost of a little more than $130,000. Since then, the city administration has promised to rebuild the park, and City Council has approved a capital plan that calls for spending $250,000 on the project.The vision for the park includes using the $250,000 dedicated by the city as a foundation for a park that could potentially cost three times as much. The group envisions a concrete park. And the group hopes a Green Acres Cape May County Recreation Grant will cover much of the remaining cost.The group planning the park includes surf shop owners, business people, parents and students — all skaters and committed to skating.The skateboard park, they say, is a perfect fit for the culture of Ocean City, a town proud of its successful high school surfing team and a draw for the surfers throughout the region.The group considered 21 sites — places including the Ocean City Municipal Airport parking lot, open space at Second Street and Bay Avenue, Bayside Center (500 block of Bay Avenue), under the 34th Street Bridge, south of the 46th Street firehouse, the former site at Sixth and Boardwalk, and others.The proposed site was prioritized because of its central location, accessibility and proximity to both the Ocean City Fire Department and Ocean City Police Department.Unlike the dismantled park, which was made of portable material bolted together, the proposed park would be made of concrete. DeVlieger’s presentation showed a 6-year-old California skater on a park similarly designed: See Asher Bradshaw video.Proposed skate park design.DeVlieger said the parking spaces recovered after removing the old skateboard park from the lot at Fifth Street and the Boardwalk have generated $72,500 per year.Among the 33 spots sacrificed to construct a park (the proposal leaves half of the existing parking lot untouched), DeVlieger says 10 spots will be recovered with the removal of temporary Comcast trailers, six spots by removing city vehicles and another five by restriping lines.He said changing the 400 block of Central Avenue to a one-way street (it dead-ends into the Ocean City Tabernacle property) could create eight new spots if the city implemented angled parking.The proposal would involve moving an existing Ocean City Ecumenical Council Clothes Closet building from one side of the firehouse to the other.last_img read more

At The Finish Line…Where Only the Truth Matters

first_imgBILL NEAL• I don’t know how many times I have to tell you, go see James Brown.  The movie is simply great!• The truth is, the Pirates, or for that matter any professional team, should be able to go two weeks without their star player, especially if they had a real closer!  I’m just sayin.• Having said that, if Andrew McCutchen is avoiding going on the disabled list, it says three things . . . #1 ~ he’s a team player.  #2 ~ he has a high tolerance for pain.  And #3 ~ for real . . . for real, the injury isn’t as bad as suggested.  If it was, he wouldn’t play.  That’s the truth.  And if you’ve played anything but checkers, you know it’s the truth.In this July 1, 2014 file photo, San Antonio Stars’ Becky Hammon, right, drives to the basket as Connecticut Sun’s Chiney Ogwumike, left, defends during the second half of a WNBA basketball game in Uncasville, Conn. (AP Photo/Jessica Hill, File)• The Spurs make history by hiring the first female assistant coach.  Look, I’m okay with women doing anything they want.  I – Love – Women.  But of course no surprise The Spurs do everything the right way.  The question is, can she stand “Pop”?• Tiger!  Shut it down.  Sit this one out.  Get on the couch, rest, rehab till next year then go get the four titles.  Hey, everybody relax here.• I told you it was coming.  The Steelers kick it off Saturday.  Yes – I – Am – Ready – For – Some – Football!!!• We want to send a big Pittsburgh shout-out to Dominick Gambino and Diversified Municipal Services for stepping up to the plate and hitting a home run to help the youth of East Liberty/ Garfield take part in the Armon Gilliam Hard Work Basketball Camp.  We couldn’t have done it without you.< You Have Just Crossed the Finish Line >last_img read more