Knowledge Is Power
Research the market and the property/equipment in advance to have a firm understanding of its fair value; this protects you from overpaying.
Experience An Auction Beforehand
Visiting other auctions allows you to learn the language and process in advance so you can go in with some prior experience.
Set A Budget
Having a firm budget is critical to ensure you do not overextend yourself or your mortgage. Set a budget and stick to it!
Get Pre-Approval
Being prepared with pre-approval allows you to bid assuredly knowing you can back your commitments, and can make all the difference to your confidence on the day.
Employ A Buyers Agent
If you still find yourself feeling nervous or apprehensive about attending an auction, engaging a buyer’s agent is an excellent alternative. Some buyers’ agents will not only bid on your behalf, but offer full search services to ensure the property/goods meet your criteria.
Auctions can be a fast-paced, nerve-racking environment; so we’ve put together the five crucial tips you need to follow to have the best chance of success as a bidder.
Contact.
There’s no job too big or too small for the team at Hymans and we always strive to deliver on our clients specfific needs, so please reach out for an obligation free chat about how Hymans can help.
Sydney
Level 9
171 Clarence Street
SYDNEY NSW 2000
T 02 8270 4444
Melbourne
Level 11
167 Queen Street
MELBOURNE VIC 3000
T 03 8683 0167
Brisbane
Level 1
260 Queen Street
BRISBANE QLD 4000
T 07 3252 2943
Get In Touch
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