Blog Post

Subscriber Success Story

Publish Date: 07 October 2024

By Jade Shrubsole

At EIG Property Auctions, we’re committed to providing our subscribers with the best tools and insights to make property auctions a smooth and informed process. Recently, we had the opportunity to speak with one of our subscribers, a tech professional who entered the world of property investment this year, and hear their perspective on how EIG has supported their journey.

A New Investor’s Journey: From Technology to Property Auctions

Our subscriber, with a background in technology and engineering management, made the bold move to start investing in commercial properties at the beginning of 2024. “I’ve spent most of my career in the tech industry, either coding or managing teams of engineers. But this year, I decided to take the plunge into property investment,” they explained.

Their first purchase was a commercial property through an auction, and that’s when they began their search for a reliable tool to help them navigate the complexities of the auction process. “I was looking for a solution that could simplify the auction research process, especially since I was new to this. I discovered EIG Property Auctions during a property investment course, and within the same month, I used the platform to successfully bid on my first property.”

What Led Them to EIG Property Auctions?

When asked what initially drew them to EIG, our subscriber shared, “There’s a lot of talk about properties at auction being risky, and I knew that having as much information as possible was crucial. The feature that caught my attention was the auction history for properties. Knowing whether a property had been repeatedly auctioned was a big deal for me, as it’s often a red flag.”

Finding auction history across various auction houses wasn’t easy, but EIG made it simple. “The first time I tried EIG, I knew it was exactly what I needed. It aggregated all the information in one place, saving me hours of searching.”

Key Benefits of EIG: Auction History & Email Alerts

One of the standout features that our subscriber appreciated was the auction history. “In the UK, there are numerous auction houses, but it’s challenging to track a property’s past sales without knowing the exact auction date or lot number. EIG solves this with just one click—I can see the entire history of any property.”

Another time-saving feature that has proven invaluable is the email alerts. “I’ve set up alerts for areas I’m interested in, so I get notified whenever there’s new information—whether it’s a new auction listing, a sale price, or any updates. This keeps me constantly updated and in control of my investment research.”

A Valuable Investment in Due Diligence

Our subscriber believes the subscription cost for EIG Property Auctions is a small price to pay compared to the benefits. “When you’re investing in property, you’re dealing with significant sums of money, and auctions come with their risks. Missing crucial information could result in a costly mistake. EIG’s subscription is an investment in avoiding those surprises and making informed decisions.”

A Seamless User Experience

When it comes to usability, our subscriber had nothing but praise for the EIG platform. “The website is incredibly easy to navigate, and the user interface is straightforward. I was able to find exactly what I needed without any hassle.”

EIG Property Auctions also played a vital role in helping them secure their first commercial property. “I was researching three properties in one auction, and EIG provided me with the complete auction histories, not just for those properties but also for others on the same street. This gave me the confidence I needed to bid, and ultimately, I was successful in securing the property.”

Why EIG Stands Out: Information Aggregation

When asked what sets EIG apart from other property auction websites, our subscriber’s answer was clear: “Information aggregation. The ability to access auction histories from multiple auction houses in one place is incredibly powerful. No other tool offers this level of convenience.”

Who Should Subscribe to EIG Property Auctions?

As a new property investor, our subscriber believes EIG is particularly beneficial for those navigating the auction market. “For anyone buying properties at auction—whether you’re an experienced investor or just starting out—EIG is essential. Auctions are fast-paced, and you don’t have the luxury of extensive communication with the seller. You need all the information you can get, and EIG provides that.”

Final Thoughts: Why EIG is a Must-Have Tool

In closing, our subscriber summed up their experience with EIG in one word: information. “The most compelling reason to subscribe to EIG is the information it provides. In any transaction, the seller often has more information than the buyer, and this is especially true in property auctions. EIG levels the playing field by giving buyers the tools they need to make informed decisions. It’s a must-have for anyone serious about investing in properties through auction.”

At EIG Property Auctions, we’re thrilled to see how our platform has supported this subscriber’s investment journey and look forward to helping many more investors achieve success in the future. Whether you're a seasoned investor or just starting, EIG is here to make your property auction experience smoother, smarter, and more successful.

Ready to subscribe? Visit www.eigpropertyauctions.co.uk to learn more about how EIG can help you make informed property investments.