EIG subscriber - 'It can save you a lot of money in avoiding errors!'
Publish Date: 20 July 2017
By Beth Fox
Further reading
The benefits of using EIG to a new property developer
I find it very helpful when buying a property out of your usual area
Member Case Study
I’d been looking at auctions for years though I’ve not bought a massive amount in auction. It was the collating of all the information in one place, it just seemed an easy way to bring it all together. Somebody has already done it for you, and it gives you a step ahead of where you were and a step ahead of maybe people who don’t have that, where I was before, so all the information in one place.
It was basically like a 'Rightmove for auctions' for me!
Did you think that you could get the information elsewhere before you started using the EIG service?
Not all of it, I could get information but obviously the stuff that I couldn’t get was if it had been through auction before, so swotting up on property that was bouncing around in auctions was a red flag or a query.
We know it’s not an insignificant sum that you invest in membership, do you have any regrets?
It can save you a lot of money in avoiding errors. It can give you information that stops you buying a property and vice versa.
Over the years I’ve probably only bought 4 or 5, EIG helped with only some of those, because early on I didn’t have a subscription.
It’s given me the information I needed really, not just to buy them but knowing more and reducing the risk.
How did you hear about our service in the first place?
There was a guy called David Humphreys who does a lot of auction stuff and he did a talk at a Property Investor Network (PIN) meeting and he mentioned EIG. I’d heard the name but didn’t really know anything about it, that’s where it was.
Did you do a trial?
No, I just looked at it and signed up straight away.
We’d like to use your comments to help those considering EIG to give them an idea from a member of what the benefits are …
That’s brilliant, I go to auctions all the time and to be fair even talking to people you can see that they haven’t got the information they should have and maybe the service would be great for them.
Mr C. Bedward - Property Developer, West Midlands
Want to see what is coming up for sale in your area or what price properties have sold for?
You need access to eigpropertyauctions 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.
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
09/09/2024
EIG Property Auctions: Maximising Your Property Investment
For developers seeking their next renovation project, property auctions are the ideal place to find potential properties.
Buying at auction
29/08/2024
What is property auction finance?
Property auction finance is a specialised type of short-term lending designed to help buyers quickly secure the funds needed to purchase properties at auction.
Buying at auction
19/08/2024
The Two Main Types of Property Auction
There are two main types of property auctions: traditional property auctions and the Modern Method of Auction