Buying a property is a huge commitment and nothing tests the nerves more than bidding at an auction.
One in two Australians report experiencing anxiety ahead of attending an auction and 48% of people said they’d lost sleep over it, recent research suggests.
Worryingly the St George Bank research also found a lot of us are ill-prepared to buy properties at auction, with 62.1% of buyers saying they do not have a bidding strategy when attending a home auction.
So what do you do if you want to secure that dream property at auction? There are three chief ways you can do it:
Advantages of using a buyer’s agent:
Disadvantages of using a buyer’s agent may include:
Pros of DIY bidding include:
Cons of going it alone include:
Perks of asking someone else to bid for you include:
Pitfalls of friends and family members doing your bidding:
For more information on bidding at auction please call Ray White Real Estate Narraweena 9984 7100 Ray White Real Estate Narrabeen 9970 6777