Buying at auction with confidence

October 04, 2016
Jenny Pham

Attending a property auction can be exciting and daunting at the same time, especially if you really want the property to be yours. Here are some tips to help you be prepared.

Don't outbid your own budget

While placing the winning bid seems simple enough, on the day it's hard not to get swept away and outbid your own budget.

That's why it's so important to take the right steps before the auction so you can keep calm and maximise your chances of securing the right property at the right price.

Get ready for the big day

Even if you're completely prepared, the tense atmosphere combined with the competitive nature of auctions, can throw you off your game. 

Here are a few tips to help you snap up your desired property:

  • Prepare for the big day
  • Keep your bids a secret
  • Consider hiring a representative
  • Time your bid carefully
  • Avoid overbidding
  • Legally binding auction rules
  • Understand unwritten terms

    If you're looking to buy your next home at auction and need some help preparing, let's talk. Call me now at 0499 643 643 for a no-obligation, friendly FREE chat.
Posted in: Tips

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