Have you missed out at a property auction recently? Are you nervous about how to bid? Perhaps you’re not sure what bidding limit to set.
Auctions can be an excellent way to buy property and even get a good deal on the price, but it can be difficult for novices to gain the upper hand when bidding on a house. Our experienced buyers’ agents are experts at auctions and have the necessary skills as negotiators to save our clients tens of thousands and even hundreds of thousands of dollars by knowing how to play the right moves at property auctions.
While certain rules regarding real estate auctions are the same throughout Australia, there are important differences across the various states.
When it comes to auctions in Brisbane, QLD, it’s illegal for sellers and their selling agents to provide a price guide.
Only registered buyers, with a numbered paddle are allowed to participate in the auction. Auctioneers in Brisbane – and the rest of the territory – must have a licence to work.
New South Wales
If you’re at an auction in Sydney, NSW, you can rest assured that the appraisals are accurate, because agents must have documents that verify the appraisal.
Sydney hopefuls are limited to one vendor bid only.
If you’re bidding at an auction in Melbourne, VIC, you don’t have to register to participate. Nor do auctioneers need a licence to work in the state; an agents’ representative certificate will suffice.
Property auctions in Melbourne are less restrictive in other cities and states; for instance, there are no restrictions on the number of bids per vendor.
If you’ve only attended one or two property auctions, you’ll have learnt that it’s easy to get caught up in the whirlwind of emotions and start bidding too quickly, and to end up bidding too high. Even seasoned buyers who purchase homes as investments aren’t immune to the rollercoaster of emotions that come with the bidding process.
As impartial buyers’ agents, we take out the emotion and help you keep a level head while the excitement of the auction builds up around you. Our in-depth knowledge of the real estate market means we know precisely what the property’s current market value is and can thus prevent you from paying a sum that exceeds the original for-sale amount.
Together we develop a clear auction strategy designed to increase the chances that you’ll be able to secure the property. We help you work out your maximum purchase price well before the date of the auction and ensure nothing is left to chance. Our buyers’ agents know the property auction process inside out. They know which tactics work and which don’t. With us in your corner, acting on your behalf, you get the confidence to successfully manage what can be quite an intimidating environment.
Our auction bidding fees are just $550 as an attendance fee, plus a success of $1100 if we secure the property under auction conditions. It's a small investment to make for using a professional negotiator and avoiding the stress of auctions.
With substantial experience under their belts, our buyer’s agents’ successful auction bidding techniques will save you far in excess of our fees! Engage our expert negotiators today to bid on your behalf at your next real estate auction.
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