Selling Houses Australia

How to Bid at Auctions

Buying a house at auction can be a roller-coaster ride of emotions. To help minimize the anxiety and stress, follow these simple rules from our Property Expert Andrew Winter. 

1) Try before you buy and understand how an auction works
 

2) Organise Your Finance

3) Get Legal Advice

4) Bring a Valid form of ID

5) Keep Your Cool

6) Bid boldly and eyeball the auctioneer 

7) Know when to stop
 
 

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1 comment
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Posted by SecretReport
Attend a few auctions without bidding. It will help you understand what the auction involves and the procedures that are followed. It will also give you a good idea of how people bid and react to price increases.