Auction Bidding
Auction Bidding
Buying at auction can be a daunting and stressful process, even for experienced property buyers, it’s not something you do every day!
Whether you’re concerned about missing out, worried you will overpay in the heat of the moment or would simply prefer for someone else to bid on your behalf then Property Principles can help.
Our auction team are qualified Auctioneers, with years of experience in negotiation, they are experts at auctioneering and know all the tricks of the trade.
We offer independent advice on the property’s market value, and our team will create a personalised auction strategy and bid on your behalf up to an agreed limit.
What's involved
1. Free no-obligation consultation
We’ll discuss the property, objectives in detail, your budget and confirm if we can assist you. During the call, we’ll explain our bidding approach and give you an opportunity to ask any questions.
2. Auction Price Guide Analysis
Auction price guides can be deliberately deceiving. We’ll prepare a detailed property analysis that considers local market conditions, the property’s sold history and recent comparable sales to identify a likley selling range.
3. Pre Auction Strategy
We’ll agree your maximum bid, the bid starting point, and our recommended bidding increments. We’ll also discuss vendor bids, our strategy if the property is passed in and using potential knockout bids.
4. Auction Day
We’ll execute our professional bidding strategy that’s tailored to the property you’re buying. Our will be aim to take control of the auction, reducing the effectiveness of the auctioneer’s strategy and intimidating the competition.
5. Post Auction negotiations
If the property is passed in, this is sometimes an exciting opportunity, we’ll manage post-auction negotiations on your behalf, working hard to buy at the best possible price.
Non emotional bidding
Charismatic auctioneers and pushy real estate agents play on buyers’ emotions to drive up sale prices at auctions, this is why they are done out in the open and not behind closed doors.
Let our experts stick to your plan and bidding limit, no matter what, to avoid falling victim to selling agents tactics, like “$3,000 extra is less than a cup a coffee a day, go on just one more bid”
Nerves are easy to spot, but difficult to manage – Let the professionals take the emotional pitfalls out of the process.
Book a call with our team today and we can find the best strategy for your next property.
