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Demand creates new service for sellers

Graeme Naish from Open DoorAs house prices across the East Midlands continue to increase, market demand has led residential property firm Open Door Auctions to launch a new “non-auction” sales service.

Recent figures released by the Office for National Statistics (ONS) demonstrate the strength of the local property market. On a seasonally adjusted basis, UK house prices increased by 7.4 percent in the 12 months to December 2014.[1] During this period, average house prices increased strongly in nine regions, with the East Midlands performing particularly well at 8.1 per cent – the fifth best performing region in the UK.[2] However, house prices in Retford performed at 50% below this, with an average increase of 4 per cent over the last 12 months to February 2015.

Having built up a reputation for selling properties quickly over the past 2.5 years, Open Door is now looking to apply its trusted and straightforward approach to more traditional estate agency.

Graeme Naish, co-founder of Open Door, comments: “We have been approached by a growing number of homeowners who want us to apply Open Door Auctions’ approach to selling their home on the open market. Selling your home at auction is growing in popularity but is not a method that everyone is comfortable with.  The heart of our way of working is our no-nonsense valuations, efficient processes and genuine sales negotiations, so it makes sense to launch Open Door Sales for those looking for a more traditional approach.

“This is an exciting extension to our service as we now have two very different options for sellers and buyers, and will ultimately be operating them as distinct businesses with Open Door Sales initially operating a fixed fee structure.  With the start of spring upon on, continued low interest rates and the local market showing fragile signs of recovery, I hope that this will mean an exciting few months at Open Door.

The launch of Open Door Sales follows the company’s recent decision to transform an old farm building in South Wheatley into a new, state-of-the-art office, creating a village base on the doorstep of rural residents looking to sell their home.

[1] http://ons.gov.uk/ons/rel/hpi/house-price-index/december-2014/stb-december-2014.html

[2] http://www.home.co.uk/guides/asking_prices_report.htm?location=retford&lastyear=1

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