Is this you?
Attending an auction can be a nerve wracking experience if you haven’t done it before. And if you have done it before it may have been a while ago, and you’ve forgotten what it’s like being in the room bidding on a property you really want. Sales agents love auctions because it gives them great exposure, and on Auction day they have the opportunity to get you bidding against other buyers in a highly charged setting. An auction is so much different from having a sales agent come to your home, where you are comfortable, and present a counter offer which you then have the opportunity to go away and think about.
That means that being very sure about what you will and won’t do at an action is very important. You don’t want to walk out of the auction room owning something just because you think you’ll miss out. Don’t forget that if the property hits reserve and the bidding rests with you – at the fall of the hammer you will own the property.
Having an expert represent you is a way to manage the emotions involved in the process. Erskine + Owen have bid at hundreds of property auctions and we’ve seen it all before, dummy bidding, agents trying to work you for just $500 more, phone bidding etc.
Our Auction Bidding Service
Our auction bidding service takes a systematic approach to give you peace of mind you we will be doing everything possible to get the property at or below your ceiling price. The service includes
- Helping you set a ceiling price
- Developing a bidding strategy. This depends on the state of the market – for example a hot market may result in a king hit approach (see our negotiation article)
- Attendance at the auction on your behalf
- Developing a post auction strategy should the property get passed on
- Execution of the post auction strategy (optional)
You can be present with us at the auction, at home listening on the phone, or we can just ring you when the auction has finished.
Use just this service, or as part of our Full Acquisition Service.