Press Articles about Essential Information Group

"The Essential Information Group (EIG) provides details of every UK property that goes to auction. Listings include guide prices, auction dates and full catalogue entries for all the lots, plus results of past auctions."

"This is the only UK website that holds comprehensive information about every property at every auction held in the UK. It is a subscription-based service with many useful tools including the ability to view all sales catalogues, set search criteria, check out selling prices and receive auction 'elerts'."

"The website, www.eigroup.co.uk, provides information on all forthcoming auctions around the country, and full details on each property. You can also research other properties that were sold in similar areas to get an idea of price."

"No longer is it necessary for anyone to bid in ignorance. EIG will email you details of any property up for auction within your chosen postcode, with the results of the auction to follow."

"If possible, bidders should check out local estate agents to see what similar properties are priced at. They could also consider signing up to a service like Essential Information Group, who monitors all the property auctions run by 180 operators each year. You can find out about forthcoming auctions, lots and guide prices as well as what the properties fetch."

"It is an increasingly popular way to buy. In 1998, fewer than 15,000 properties changed hands at auctions, but that figure has risen to more than 35,000 a year. Chat to local estate agents to see the types of properties in demand and log onto a website such as The Essential Information Group."

"The Essential Information Group has details of every property that goes on auction in the UK. Its database has details of over 250,000 past lots. Investors can access their website to identify properties for sale, see what has happened in the past and receive notification via e-mail when properties matching given criteria are put on the market place."

"To get in before an auction, you could subscribe to a company such as Essential Information Group, which has all the auction catalogues on-line. It's probably the only way to keep up to date with this market, and they have a results service after the auctions which educates you about value and market conditions."

"Auctions in your designated area are the best way to find the sort of property you are after. The Essential Information Group monitors most auctions nationwide and is useful in pinpointing what is available."

"The Auction I am watching is being transmitted by a company called Essential Information Group (EIG). As the name suggests, EIG is a provider of information essential to anyone considering buying or selling a property at auction."

"David Sandeman, of the Essential Information Group, who provide a tailor-made information service for prospective auction buyers, has watched the market for more than a decade and noticed a huge rise in interest from so-called novice buyers in the last two years. EIG has overseen the sale of 28,000 properties to happy buyers over the last 15 years."

"David Sandeman, managing director of the Essential Information Group (EIG), an online auction information service, estimates that 80% of auctioneers have put their sale catalogues online. A catalogue entry will typically include photographs, property and local area descriptions, plans, rental income, special sale conditions and tenant information."

"It might benefit buyers to sign up with a service such as Britain's Essential Information Group, which provides detailed data about forthcoming auctions and operates a property auction search service."

"An excellent idea is to use the Essential Information Group service, which constantly assesses and disseminates details of all the lots for sale by all auction houses in the country."

"Thousands of bargain hunters are turning to the UK's auction rooms in the hope of landing the home of their dreams at an affordable price. These days auction houses play host to a cross-section of society and offer a great way for average people to but run down properties that estate agents would normally pass onto builders."

"The property ladder is still out of reach forms of first-time buyers but an alternative way of getting on the housing market could be to buy through a property auction. More than 300,000 properties are sold at auction a year, with buyers able to save up to 40% of the market value of a home. Properties usually come up at auction due to bankruptcy or repossession from the owner, so the seller is usually keen to sell."

"The auctioneer will also set a realistic reserve price - the minimum the property can be sold for. Fees are similar to estate agents, around 2% of the property's value, but for simplicity and speed, an auction beats a trip to the estate agents hands down. Buyers are contractually committed from the moment the hammer comes down and the deal is completed within a month."

"The benfits of selling at auction are that the property is sold with an immediate exchange of contracts which you simply do not get with a traditional sale. The best price is achieved through competitive bidding no ifs or buts. 30% of sales the traditional way fail to complete. When the hammer falls at auction 'Its Sold'."