What is a Guide Price?

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.

Viewing an auction property: What you need to look out for

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.

The property auction Legal Pack: What you need to know

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.

Crawley Property Meet invite David Sandeman as a guest speaker to their January event.

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.

Property auctions expert David Sandeman interviewed for the podcast series 'Mark my words'

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.

EIG December Newsletter - Essential Auction News

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.

What is the 1st step when buying property at auction?

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.

What is 1982 data?

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 Essential Guide to buying property at auction

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.

EIG November Newsletter - Essential Auction News

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.

David Sandeman invited to sit on the Wandsworth Property Auction Panel

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.

EIG host 19th Annual Auctioneers Lunch at the awe inspiring Middle Temple

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.

Awarded Gold at The Negotiator Awards 2016

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.

EIG October Newsletter - Essential Auction News

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%).

EIG Newsletter - Essential Auction News, September 2016

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.

Join the EIG team at the Property Investor Show 7-8th October 2016, at Excel London

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

August 2016 EIG Newsletter - Latest property auction results now available

Welcome to the August newsletter that looks back at auction activity in July and preceding periods.

July 2016 EIG Newsletter - Latest property auction results now available

Welcome to the July newsletter that looks back at auction activity in June and preceding periods.

Property Investors Network (PIN) Wimbledon

David Sandeman, invited as a guest presenter to the Wimbledon monthly meeting talked to the group about the dangers of special conditions.

Property Investors Network (PIN) Basingstoke Group

EIG Managing Director, David Sandeman was invited to present the May PIN talk to the Basingstoke group as a specialist on Property Auctions.

EIG invited to present at the Progressive Property Conference - May 2016

David Sandeman presents to the enthusiastic audience gathered for the Progressive Property 2 day conference in Peterborough.

David Sandeman and Table of Twelve visit the auction room together for a dry run

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.

May 2016 EIG Newsletter - Latest property auction results now available

Welcome to the May newsletter that looks back at auction activity in April and preceding periods.

David Sandeman explains live on LBC Radio about the recent Stamp Duty changes

David Sandeman joins host Clive Bull live on LBC Radio for the property hour, discussing the recent Stamp Duty changes.

David Sandeman - Live on air at LBC radio for the property hour!

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.

Table of Twelve Mentorship Programme invites David Sandeman to present on property auctions

David Sandeman joins Trevor Cutmore to host the Table of Twelve mentorship group for a bespoke evening event explaining auctions over dinner.

Property Investors Network (PIN) Leeds Group Meeting

It was a big crowd with great group dynamic and really varied and interesting questions from the floor.

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.

Join EIG at The Property Investor Show

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.

How can you work out the value of a property going to auction?

Using Property Auction comparison can be the quickest and most effective way of finding the latest knowledge.

April 2016 EIG Newsletter - Latest property auction results now available

Welcome to the April newsletter that looks back at auction activity in March and preceding periods.