Tag Archives: auction

The top 10 tips for auction bidding

By Cate Bakos

As a trained auction bidder and experienced property buyer, I’ve bid at hundreds of property auctions over the years and have learnt many tricks along the way.

Being based in the country’s auction capital, Melbourne, means that I’m exposed to auctions every single weekend, from the beginning of February until the week before Christmas. Melbournians, Sydneysiders and even Brisbane shoppers understand that the chances of a good property being taken to auction are high. So why do so many people fear auctions? Continue reading The top 10 tips for auction bidding

Preparing To Buy An Invesment Property At Auction

Buying a property at auction can be a stressful event, even if you have done it once or twice before. It is the fact that there are other people there to compete in price for a property that you have already decided you would like to buy.

That is one of the reasons why people take properties to auction – to create that emotion and build that feeling in the buyers that they may miss out; moreover it is in our nature that once we have decided we want something, we’re very likely to go after it.

This is why it is so important, as an investor, to be well prepared beforehand. Continue reading Preparing To Buy An Invesment Property At Auction