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
14/11/2024
Making Your First Move on the Property Ladder with UK Property Auctions
One approach that many first-time buyers overlook is purchasing a property at auction, which can provide significant opportunities for those looking to make their first move.
Buying at auction
21/10/2024
Unique Property Investment
Unique Property Investment: Former Public Toilets with Stunning Coastal Views Listed for Auction
Buying at auction
30/10/2024
Buying a Lot with Planning Permission: A Smart Investment Opportunity
When it comes to purchasing property, whether for personal use or as part of an investment strategy, buying a lot that already has planning permission offers several advantages.