White Knight Associates on BMV property part 5

White Knight Associates discuss how to locate auction properties.

White Knight Associates found that a good starting point to find out about your nearest auctions is your local paper. This will frequently contain adverts or listings of upcoming events. Property industry publications such as Estates Gazette also have the details. However, for those who don’t want to subscribe or chance their local paper there are several websites UK PAD and Auction Property for Sale which have full national listings

White Knight Associates have found that Auction Property for Sale is useful in that it allows you to view the full catalogue on line. However, for those that are really serious about auction investing the Rolls Royce of websites is undoubtedly EIG’s.

WK Associates has been subscribing for a little over six months and the information available is literally short of mind blowing. It gives previous auction results, location maps, historical price data and what is particularly useful is the alert system which notifies you if properties that match your criteria are unsold and still available. This means that you can approach the auctioneer directly and make an offer to a vendor who is keen to sell. All this is not cheap with a subscription being several hundred of pounds for the year, but worth it if you are serious about identifying bargains at auction.