Understanding the Property Auction Market
What you'll find at property auctions
Typical vendors and why they use auctions
Finding the right property
It is also important to realise that whilst the vast majority of estate agents only offer properties within a small radius of their office, auctioneers offer lots from a much wider area and in the case of London based auctioneer's all over the country.
The quick search option
EIG Auction Insight is the only portal with information on every property coming to auction and the only portal where one can look up sold prices for auction lots.
When deciding whether a property is worth pursuing, first, consider the guide price of the property (remember this is an indication of the reserve price, not what the property will sell for). Second, establish the likely value of the property so that you can gauge what the property may sell for at auction and whether it is within budget.
Want to see what is coming up for sale in your area or what price properties have sold for?
- 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.
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.
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