Sell with Confidence
Read More
News

How to be the top bidder at auction

By Mikaela Fowler

Auctions can be daunting but Ray White Frankston Principal Ashley Weston has a few tips for buyers preparing to buy property through auction.

What are some of the most successful bidding strategies?

I’ve seen a lot of buyers sit back to wait at auctions and I think that approach gives other buyers more confidence.

I truly believe that the best strategy is when buyers come to an auction confident, with a genuine commitment to giving it their best. It creates an atmosphere where other bidders can see that person isn’t going to give up. It wears the other bidders down.

What does this look like on the day?

Open the bidding confidently at a respectable price to show you mean business and as soon as another person bids then bid straight over the top. This allows you to control the auction and make the other buyers think you are not going to give up.

Essentially, bid boldly, confidently and don’t show any sign of weakness.

And the big thing I would say is that if you think you are going to be emotional and be shaky then get a family member or friend to bid on your behalf so they can be more calculated.

The best thing about an auction for the buyer is that you can see the last bid unlike with a private sale.

Up to Date

Latest News

  • 6 Ways To Elevate Your Bathroom Renovation 

    If you’re planning a bathroom renovation, we have some expert tips on how to make this space a real retreat. According to former The Block contestant Dale Vine, designing a bathroom these days is relatively easy. “Bathroom products have evolved to the point where they almost all look beautiful,” he points out. … Read more

    Read Full Post

  • 6 Eco-Friendly Dream Homes That Will Blow You Away

    Sustainable property features continue to be top of the wish list for Aussies nationwide. We’ve rounded up some stunning eco-friendly homes to get you dreaming big! 1. The ‘Invisible’ house While this 2014 Australian House of the Year doesn’t possess some of the traditional eco-features many other homes on this … Read more

    Read Full Post