Want to know the inside tips to be the successful bidder at auction? James Hayashi, auctioneer at McGrath Real Estate shares his strategy for the next time you want to buy your dream home at an auction.
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Here’s the transcript of the video:
in terms of bidding at auction strategy I'm always a firm believer of being the first cab out off the rank that I'm going hard and going fast yeah because auctions are psychological that I see when an auction generally starts quite low that the momentum builds and I can see the buyers start forgetting about price the ego takes over it's about winning right so disengage the ego no matter how much you love the property know your limit you know you don't want to overpay for something so got to have a good understanding about where you feel comfortable now your limit compared to somebody else limit and their thoughts on price is completely subjective but just be comfortable with where you can spend too