The Property Auction Panel: 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. Among those on the Panel, chaired by Nicholas Marshall (Investor) included: Tim Hodges - Acquisitions Director (Developments), Ranjan Bhattacharya - Property Investor & Developer, Daryl Norkett - BDM, Shawbrook, Ricardo Mapp Dos Anjos- Property Solicitor, Partner at Fisher Meredith.
Panel chair, Nicholas Marshall presented a recent case study of buying at auction and went on to focus on funding an auction deal.
The panel covered:
What research would you do before you bid on a property?
Do you have advice about bidding technique, so not to put the price up?
What tricks do sellers do to get the property to sell?
What are the liabilities of an auctioneer and a seller?
How much time do I have to finance the deal?
Why should l get legal before bidding at an auction?
Where are there hidden costs in the purchase?
How can I recoup legal costs on a sale?
Is it difficult to sell at an auction?
It was a well attended event with a lively panel debate and the audience ranged from experienced investors to those just setting off on their auction development journey.
Topics covered included sourcing property where several audience members mentioned how useful EIG was to them, and also for legal documents and finance.
Reviews from attendees:
“Fantastic! I always walk away with renewed vigour and solutions to property problems that I had not considered
myself." J Gallagher
“5 Star! Anyone interested in property investing especially in the residential market - this must be the best Network Event they could possibly attend. The quality and expertise remains exceptionally high, Brendan runs a small but perfectly formed event.” A McKellar
“This is where the experts meet the experts! Anybody who is looking for a wealth of information will be surrounded by a wealth of knowledgeable and very helpful people." B Danser