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Unlock Auction Success with a Buyers Agent/Adocate

Discover auction success with a buyer’s advocate. Have you ever pondered how a buyer’s advocate can serve as your hidden advantage during auctions? Here’s a peek into the invaluable assistance we offer to guarantee your triumph.

Achieving success in bidding at an auction involves several key steps:

  1. Research and Preparation: Research the property thoroughly, including its market value, condition, and any potential drawbacks. Set a budget and establish your maximum bid based on your financial situation and the property’s worth.
  2. Attend Auctions as an Observer: Attend several auctions as an observer to familiarize yourself with the process, bidding dynamics, and strategies used by other bidders. This will help you feel more confident when it’s time to bid on a property you’re interested in.
  3. Secure Financing: Ensure that you have your financing pre-approved before attending the auction. This will demonstrate to sellers and auctioneers that you’re a serious buyer and have the means to follow through with your bid.
  4. Understand Auction Rules and Terms: Familiarize yourself with the specific rules and terms of the auction you’re attending, including any registration requirements, bidding increments, and deposit or payment methods.
  5. Set Your Strategy: Determine your bidding strategy based on your research, budget, and assessment of the property’s value. Decide on your opening bid, bidding increments, and your maximum bid amount.
  6. Stay Calm and Confident: Maintain a calm and confident demeanor during the auction. Avoid getting caught up in the excitement and stick to your predetermined strategy. Be prepared to adjust your bidding strategy if necessary based on the actions of other bidders.
  7. Bid Strategically: Place your bids strategically, being mindful of the bidding increments and timing. Consider making strong, assertive bids to deter other bidders, but avoid exceeding your predetermined maximum bid.
  8. Be Prepared to Walk Away: If bidding exceeds your maximum budget or if the property’s price surpasses its value, be prepared to walk away. It’s important not to get emotionally attached to a property and to know when to bow out if the bidding becomes too competitive.
  9. Have a Contingency Plan: In case you’re unsuccessful at the auction, have a contingency plan in place. This could involve identifying alternative properties, reassessing your budget, or exploring other avenues for property acquisition.
  10. Follow Through with Due Diligence: If your bid is successful, follow through with due diligence and finalize the purchase according to the auction terms. Ensure that all legal and financial aspects are properly addressed before completing the transaction.

Engage our servcices as a Buyers Agent/Advocate to gain strategic partners dedicated to maximisibg your chances to auction success.

We turn your property dreams into realty.

Give us a call on 0432 327 945 and we can have an initial free discussion about your goals and how to achieve them.

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