Tips For Bidding At An Auction Part 2

To follow are some more of my tips on how to successfully secure your new home at the next Harcourts auction day:

 

*Stand in a position where the auctioneer can clearly see you.

 

*Bid confidently from the start.

 

*Know your figures – have the discussion prior to attending the auction and establish a pre-conceived limit. 

 

*As soon as another person bids – come back in straight away with another bid. 

 

*Competitive bidding encourages the owner to declare the property on the market.

 

*Auction is one of the most transparent ways to buy – if the property was to pass in you may not see who you are competing against

 

For more tips and advice on selling or buying by auction contact Brad Ryan from team Harcourts Narre Warren South:

brad.ryan@harcourts.com.au 

www.bradleyryan.harcourts.com.au

www.twitter.com/brad_ryan

Hope to see you at my next auction!

Have a Fantatsic Weekend,

Brad.

4 Parry Drive Narre Warren **Auction**

Mortgagee Auction

This Saturday the 18th April 2009 at 1.00pm I will be calling the Auction for 4 Parry Drive in Narre Warren- It is building up to be another fast paced bidding frenzy! With a number of bidders trying to make their dream come true and own their very own piece of Australia. This fantastic ex display home has all the modern tones and design and is sure to be a winner. Hope to see you on the day!

For More details click on the photo above.

Have a Fantastic Week

Brad

Tips For Bidding At An Auction Part 1

If you are going to attend an auction to bid for a property, there are some routine things you need to do on the day, before the auction begins.

*Arrive in sufficient time beforehand for a final walk-through of the property and to allow you to check the contract, vendor’s statement, information about auctions and the auction rules, which will all be on display.

*If you have any questions, do not be afraid to raise them with the auctioneer before bidding starts. One of the rules is especially important in today’s auction climate when many properties are passed in and sold shortly afterwards. This rule says if a reserve price has been set – invariably this will be the case – and the auctioneer passes the property in below that price, the owner will first negotiate with the highest bidder for the purchase of the property.

*If you have participated in the bidding or have been sitting back watching how it is progressing, and the auctioneer announces the property is going to be passed in, it is a good strategy at this point to bid up to obtain the right to “first negotiate” with the owner.

Look out for more of my Auction Tips in the near future.

Have a Fantastic Week

Brad

13 Ridgeway Chase Narre Warren South

Mortgagee Auction

Auction this Saturday the 4th April- Come on down and see the action as I call out my first Mortgagee Auction for the year, with over 25 Registered buyers already and sure to be more on the day this is going to be one great auction to call! We will have it professionally filmed for the future Harcourts Narre Warren South DVD and other various posts.

For more details click on the picture above.

Hope to see you there!

Brad.