With so many homes lying empty in the US, more and more investors are using auctions to get out according to Jon Gollinger, co-founder and chief executive officer of Accelerated Marketing Partners. Gollinger has overseen the sale of more than $4 billion (£2 billion) of residential developments by auction across the US and expects to see auctions become more prevalent in the UK. He says: “We don’t just sell condos by auction; we sell high-end homes, detached homes, family homes. <br><br>You need to create a transparent process and know that the home is going to trade and you are immediately encouraged as you can see the bidders, establish a value and set a floor. “If UK prices go down 10% to 15% in the next couple of years, people that own condos [apartment blocks] are going to analyse their assets and are going to need to sell and need to make an accelerated decision. That will mean more auctions.” In some parts of the UK, auctions of new property are becoming increasingly popular. <br><br>For example, flats at the Albion Works development in Manchester went for £190,000 three years ago but one unit there was auctioned for less than half that …