Further reading
Property guide: The issue of Japanese Knotweed
Join 'The Great Landlord's Debate' at The Property Investor Show
EIG Buying Guides:
Why Buy a Property at Auction?
No longer is it just a distress sale – they appeal to those who want a swift, hassle free sale or those seeking transparency on behalf of beneficiaries. They also attract a number of investment properties and in turn buyers from outside the area seeking higher yields on their investment.
Key Benefits:
Large volumes of similar stock are offered at the same time suiting property professionals looking to build portfolios. Vendors are motivated to achieve sales and pricing is competitive.
All bidders are on the same level playing field. The property is available for sale on a set day for all interested parties so everyone can have an equal chance of buying. Bidding is conducted in a public Auction room or as an online auction. You can see who is bidding and how much they pay.
You will only ever pay one bid higher than the under bidder compared with traditional closed tender where the winning bidder may be substantially higher than the under bidder.
There is no danger of the vendor 'pulling out' as the contract of sale is binding as soon as the gavel falls. A missive is concluded on the fall of the hammer and the purchase is completed in a known timescale.
A vendor may consider an offer before or after the auction providing the sale proceeds on auction terms and a suitable price is agreed. Contact the auctioneer if you wish to offer on any property and they will negotiate with the vendor on your behalf.
You need access to www.eigpropertyauctions.co.uk, the only site with information on virtually every lot coming to auction. Get access to industry knowledge with full visibility of what is coming up for sale and what similar properties have sold for.
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Essential Information Group - News and Information
Keep up to date with our latest news, case studies and what's going on in the property auction industry on our blog.
Buying at auction
25/03/2026
The Most Important Document in the Legal Pack? The One That’s Missing.
Legal packs are often treated as the definitive source of truth in a property transaction. But in reality, they are anything but complete. While they provide essential information, they are built to meet minimum requirements - not to offer full transparency. And in many cases, it’s not what’s included that creates risk, but what’s missing.
Buying at auction
24/03/2026
Guide Prices: Why Buyers Should Treat Them as a Guide to the Reserve
Guide prices are one of the most misunderstood elements of the auction process. Too often, buyers treat them as an indication of a property’s value, when in reality they are designed to signal something entirely different, the likely reserve. In an increasingly competitive and dynamic auction market, understanding this distinction is critical to making informed decisions and avoiding costly assumptions.
Buying at auction
23/03/2026
There’s So Much More Than the Aroma of Hot Coffee…
There’s so much more to selling a property than creating the perfect first impression. While details like fresh coffee, open windows, and careful staging can help set the scene, today’s buyers are looking for something far more important - clarity, confidence, and certainty. And that doesn’t come from how a property feels, but from how well it’s prepared behind the scenes.