Do you wish you had a property crystal ball?
At least one auctioneer thinks that November's auction will be a litmus test for the next 12 months.
And what happens in the auctions today will be reflected in the wider property market in six months' time.
So who better to give us the inside scoop on the auction world than Jeremy Prior, director of Auction House UK, who run more than 40 auctions throughout the country.
Meanwhile... I finally make a pre-auction offer!
This episode also contains a case study on how the likely rises in interest rates could have a drastic effect on investors using short-term finance for their deals. Deatial can be found here.
Other contributors to this week's show: Andrew Brown, auctioneer for Strettons, Sally Smith, director and auctioneer for Loveitts, Rod Turner, host of the Rodcast and Piotr Rusinek from Hammered.
Director, Author and Auctions Expert
With over 10 years of experience as an established auction investor, Piotr specialises in all aspects of the transactional process via auction. He is a highly respected auctions expert and co-authored the Amazon #1 bestseller Before the Hammer Falls with Jay.
Piotr used to host one of the top London property networking events and now runs The Auction Buyers Club with Jay.
One of his best deals was when he bought a property in one auction at £212,000 and sold it 8 months later in another auction, in exactly the same condition and with the same tenants for £650,000.
Piotr is known for his ability to quickly analyse a property and he is one of the most connected and experienced professionals in the market.
Podcast Host, Investor
I am the Founder of ITP Group, a Property investment and development business that directly invests in a wide range of property across the UK.
I also host "The Rodcast", a podcast all about asset backed investments with a focus on UK Real Estate.
Director of Auctions at Strettons
An experienced and dynamic auctioneer and property professional. I put my people and my clients first and believe that going the extra mile is always repaid, many times over.
Director & Auctioneer
Having over 30 years experience within the property industry I am able to appraise and advise on all property, land and investments that may be suitable for sale at Auction. Giving best advice as to method of sale, pricing and expected sale price. Working within a multi-disciplined firm we can provide advice relating to any property related matters, including residential sales, lettings, commercial, block management, valuations, surveys, mortgages and professional services.
Jeremy Prior is the Managing Director for Auction House U, a network of property auctioneers who cover the whole of the country. Auction House UK operates over 40 auctions rooms nationwide, holding in excess of 200 auctions and selling over 3,000 properties every single year.