Need auction bidding tips?

How to outbid auctioneers and beat them at their own game is something that we as buyer's advocates have dealt with on a weekly basis for the last 10 years.

One of the best tips I can give any buyer is do your homework before auction, not whilst its happening!

Go with a clear walk away price in your mind, and don't exceed it. How do you know if you are paying too much? Getting an independent market assessment from a valuer is a good start, or an independent buyer's advocate can provide one as well.

One common mistake we see every week are buyers bidding on properties themselves. Apart from the lack of experience, a buyer will undoubtedly end paying more than they desired because the agent will play on their emotions and instill the 'fear of loss' one way or another.

Detach yourself from the process, and get someone else to do the bidding and negotiating on your behalf. Unless you can rely on an experienced friend to assist you, in today's property market, where more and more properties are being passed in, buyer's more than ever need a professional negotiator on their side!