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Focus On 'Criteria'

Veteran property auction trader David Humphreys comments

For the past 12 months or so I have written a number of articles for PIN that have been about Buying Auction Property. These articles have concentrated on all the technical aspects from Due Diligence, through to Viewing in the 15 time slots generally allowed, checking Legal Packs, arranging Finance, calculating Maximum Bids to Bidding, including Pre-& Post Auction Bids.

In the main, even though the articles are based on my 20 years of experience with property auctions, the content has been relatively theoretical and in future I will be looking at actual lots coming through auctions.

The articles previously published here will form the basis of an upcoming book, Buying Auction Property (BAP), planned for publication in January 2016 and starting from this month, my articles will focus on one of 13 different regions in the UK.

These regions are the counties which together form the data reporting structure operated by EIGroup who, working with all the property auction houses in the UK, provide the very latest and up-to-date data for people buying auction property. The EIGroup is a membership only site, and membership is really essential for anyone considering buying at auction, particularly as a regular buyer.

Alongside BAP will also be published a regional/local information e-addendum, similar to this article but written by a landlord/investor with local knowledge, which will drill down into the investment potential and idiosyncrasies of a region/county/town. If you are interested in writing any of these addendums please go to www.BuyingAuctionProperty.com for further details.

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