Bid at an auction - the best 10 tips bidding on a house

MoreDone Team
www.moredone.com.au

Ensure all the property & finance checks have been completed.

Myself
Myself
Once
 

Visit other auctions so you are very familiar with the process. Even see the same auctioneer in action, for the property you are bidding on.

Real Estate For Sale
Once
 Guide's Suggestion

Know your purchase price limit & vow to stick to it

Peer Wealth
Mortgage Broker
Once
Peer Wealth
 

Register with plenty of time & collect a bidders paddle. Remember your ID too.

Ray White - Freshwater
Real Estate For Sale
Once
Ray White - Freshwater
 

Say hello to the auctioneer, as you want them to like you. Stand in a position where the auctioneer can clearly see you & you can see potential bidders too.

PMC Property Buyers
Real Estate Buyers Agents
Once
PMC Property Buyers
 

Make a bid to brush away the nerves. Use different non-round number bids or, price increases, to slow the pace. Make confident bids - especially when the property is on the market & when near your price limit.

Ray White - Freshwater
Real Estate Agents
Once
Ray White - Freshwater
 

Watch the body language of other bidders, as they may indicate their price limit

PMC Property Buyers
Real Estate Buyers Agents
Once
PMC Property Buyers
 

Do not be bluffed by the auctioneer counting 1st & 2nd call, as the property wont sell until it passes the reserve. Even ask the Auctioneer.

Ray White - Freshwater
Real Estate Agents
Once
Ray White - Freshwater
 

Consider using a buyers agent to bid for you

PMC Property Buyers
Real Estate Buyers Agents
Once
PMC Property Buyers
 

You are now ready. All the best!

Once
 
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