We will be talking to both a buyer's advocate and an auctioneer about the best tactics for bidding.
Wanting a buyer's agent perspective on tactics, prestige buyer's advocate Nicole Jacobs, from Whitefox Advocacy is here again to talk to us about the buying side of an auction. Nicole is featured as one of the Buyer's Advocates on 'The Block, is featured on 'Open Homes Australia' and regularly gives her advice through radio and print media channels.
1. How eager should we show the agent that we want the property, prior to auction?
2. What's the ideal bidding strategy?
3. Clare from Beaumaris wants to know how to combat the nerves?
4. How often do you see it that buyers have to be registered bidders at an auction? Why is this a good tactic by the selling agents?
5. When should we start bidding? Should we be the first or wait to see who else is interested?
6. What are the benefits of being the final bidder if it hasn't been declared "on the market"?
7. Ben from Williamstown wants to know before attending an auction for a house he wants to buy, how well should he get to know the auctioneer and their tactics?
Barry Sloan will give the auctioneer's perspective of what the best tactics are when bidding at an auction. Barry Sloan has been in the real estate industry for over 25 years and is a freelance auctioneer who helps usually smaller real estate agents get the best price for their marketed properties. He freelances right around Melbourne, understands every strategy buyers try to use, and has conducted over 8000 auctions in his 25 years.
1. From an auctioneer's perspective, how can a bidder position themselves in a crowd to ensure the auctioneer knows they are interested in the property?
2. What is an auctioneer looking for, to work out who are the buyers? (Is it body language, first hand knowledge from agent/buyer or other tell-tell signs).
3. How should a buyer bid with confidence?
4. What are some of the things bidders do that can be misread either as a bid or not as a bid?
5. How can you tell the auctioneer that you've reached your limit without the rest of the crowd knowing?
6. Is the vendor or the agent in control of the auction?
CONTACT:
Nicole Jacobs can be contacted at Whitefox Advocacy
Call: 0411 296 225 or email: nicole@whitefoxadvocacy.com.au
Barry Sloan - Freelance Auctioneer
Call: 0405 330 000
Email: barryjsloan@hotmail.com
Need Copywriting?
Call the 'Real Copy Right' Hotline:
(03) 5977 8889
Email: orders@realcopyright.com.au
Website: www.realcopyright.com.au
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Ep85 - Matt Srama - Melbourne Buyers Looking for the Queensland Ray of Sunshine
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Ep83: Andrew Butler - Sewerage vs Septic: Know Which Suburbs Still Have Septic When Buying a Property
Ep82: Zhi Goh - Vacate Cleaning - What's the Best Way to Get Your Bond Back
Ep81 - Town Taster- Fitzroy
Ep80: Sophie Lyon - Signing a Tenancy Agreement - What to Look Out For
Ep79: Frank Valentic - Signing An Exclusive Sales/Auction Authority - What to Look Out For
Ep78: Nello Traficante - Using the Equity in Your Home to Buy an Investment Property
Ep77: Angelo Soldatos - It's Just a Board - Things We Need to Know When Putting Up a Board
Ep76: Kiani Mills - What Type of Deposit Can You Use to Buy a Property?
Ep75: Town Taster - Heathmont
Ep74: Nicole Jacobs - Choosing the Right Vendor Advocate for You
Ep73: Evan Davis - The Difference Between a Bank and a Mortgage Broker
Ep 72: Bill Pastou - The Importance of a Pre-Purchase Building Inspection
Ep71: Josh Summers - Flipping Properties
Ep70: Town Taster - Point Cook
EP69: Sophie Lyon - Residential Tenancy Bonds - What's the Procedure from Start to Finish
Ep68: Kiani Mills - Stamp Duty Concessions
Ep67: Frank Valentic - Top 10 Questions You Should Ask Your Agent When Buying Property
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