David Sandeman writes 'A guide to the guide price' for Estates Gazette's first guide to property auctions
Publish Date: 17 October 2016
By Beth Fox
Further reading
Join the EIG team at the Property Investor Show 7-8th October 2016, at Excel London
Autumn 2016 Edition
Estates Gazette has just released the Property Auction buyer's guide, an invaluable guide full of information and inspiration from industry professionals.
The guide features an article written by David Sandeman, Managing Director of Essential Information Group.
He explains what guide price really means as "It is one of the most misunderstood terms in the auctioneer's catalogue."
"The guide price is not the price at which the auctioneer expects to sell the lot. My experience of talking to prospective buyers is that many do not realise this."
(Read the full article in the guide available on the newsstands now).
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