Buying property at auction: the guide price explained. Since June 2014 auctioneers have to define the guide and reserve, typically it is an indication of the seller's current minimum acceptable price either prior to or at auction. The guide price or range of guide prices is given to assist interested parties in deciding whether or not to pursue a purchase.
Property Auctions expert David Sandeman offers guidance for those going through the process of buying property at auction, here he talks about the importance of viewing a property prior to auction, what to look out for on the viewing, the key points to evaluate and tips on the best way to view the property and what to take with you.
Property Auctions expert David Sandeman offers guidance for those going through the process of buying property at auction, here he takes an in-depth look at understanding what is an auction ‘Legal Pack.' Usually when a property is sold at auction a legal pack containing documents relating to the property being auctioned will be prepared by the seller's solicitors.
The group is for those interested in property investing at all stages of their property adventure and they meet for informal networking and to chat about property matters. David spent time with the group exploring how they could benefit from using the EIG database.
David Sandeman interviewed by Progressive Property's Mark Homer for his popular podcast series 'Mark my words'. David talks about property auctions, how he implemented new technology in his business and his long term investment strategies.
Welcome to the December newsletter that looks back at auction activity in November and preceding periods. Overall lots offered was down 7.6% last month, from 2,341 lots to 2,163 lots, whilst lots sold fell over 10% to 1,591 lots from 1,774 in November 2015. Despite the dip in sales, auctioneers saw revenues increase by 2%, from £272M to £277M.
An extract from the 'Essential Guide to Success', here we take an in depth look at the 1st step to take when buying property at auction. Discover what type of lots go to property auctions, the typical vendors and why they use auctions and tips on finding the right properties that meet your search criteria.
1982 data refers to the searchable property values of 1982 on the Essential Information Group (EIG) website. Capital Gains Tax (CGT) valuations are based on 1982 values and so this information is invaluable to Surveyors when looking for comparable values to use for CGT calculations. Access to 1982 search data is a feature unique to the EIG website.
The 5 Essential Steps for Success when buying property at auction from Essential Information group. The first in a series of blog posts sharing the invaluable tips from inside the industry.
Welcome to November's newsletter that looks back at property auction activity in October and preceding periods. 150 auctions were held across the UK last month, 12 fewer than in October 2015, so it is perhaps unsurprising to see a fall in both lots offered (down 4.1%) and lots sold (down 3.3%) when compared with last year.
The Wandsworth Property Auction Panel debates: What are the advantages of buying or selling at auction? David Sandeman, MD at Essential Information Group joins fellow industry professionals to debate and educate. The panel covered questions such as 'What research would you do before you bid on a property?' and many more.
This extraordinary venue has a long tradition of celebration, revelry and entertainment so is the perfect place to celebrate our annual gathering of Auctioneers from across the UK. After dinner speeches from EIG Managing Director, David Sandeman and Director, David Leary outlined plans for the future and the dramatic increase in online auctions that EIG has been hosting.
Essential Information Group win Supplier of the Year: Technology at The Negotiator Awards 2016. The judges said: "This is a fantastic tool that is incredibly useful whether you are new to this sector or you have years of experience."
David Sandeman writes 'A guide to the guide price' for Estates Gazette's first guide to property auctions
Estates Gazette has just released the Property Auction buyer's guide, an invaluable guide full of information and inspiration from industry professionals - available on the news stands now.
Welcome to the October newsletter that looks back at auction activity in September and preceding periods. For whatever reason, the auction market continues to gently contract and this is evidenced by the red 'down' arrows that dominate the comparative figures. Lots offered and lots sold both fell by 6% and 8.5% respectively last month, whilst the overall amount raised fell by £36M (down 8.4%).
The traditionally quiet month of August has yielded a surprisingly positive set of auction results. In the 48 auctions held across the UK last month, lots offered was up 15% to 960 lots, lots sold up 20% to 670 lots and the amount raised also up 20% to £62M.
Reserve your free seminar place and learn about: Gaining the upper hand in the auction room, or join the debate for Under the Hammer, Auction Question Time with David Sandeman
David Sandeman met up with the Table of Twelve mentorship group at the Barnard Marcus sale room, where they watched some of the lots they had examined in detail at the evening session to see how they performed at auction.
David Sandeman invited to join host Clive Bull at Leading Britain's Conversation (LBC) radio for the property hour, talking about the latest property news & taking your calls.
David Sandeman joins Trevor Cutmore to host the Table of Twelve mentorship group for a bespoke evening event explaining auctions over dinner.
The key differences between buying a property at auction and buying via estate agents (private treaty)
Find out the key differences between property auctions and estate agents and how they can affect your purchase of a property.
The Property Investor & Homebuyer Show is the premier exhibition for anyone looking to make money from property investment in the short or long term. The show & seminar programme sessions are free to enter. It is designed to cater for all levels of property experience, everyone from the novice to the seasoned investor will find an answer to their questions.