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
Episode 34: Agent X - Choosing The Right Agent Part 1
Episode 33: Nicole Jacobs - Thinking Outside The Square for Your First Home
Episode 32: Part 2 - Undercover Architect Amelia Lee - Buying a Home with Functionality In Mind, Rather Than Trend
Episode 32: Undercover Architect Amelia Lee - Buying a Home with Functionality in Mind, Rather Than Trend
Episode 31: Frank Valentic - What You Need for Your Investment Check-List
Episode 30: Josh Hommelhoff - How Involved Should You Be In the Selling Process? Let the Experts be the Experts.
Episode 29: Edgar Lok Tin Yung - Feng Shui Tips on Making Your Home More Prosperous For Sale
Episode 28: Sue Sulman - The Code in Copywriting
Episode 27: Kate Yeowart - The Quirks and Complications in Buying a High-Rise Apartment
Episode 26: Laurence Damiani - Property Vs Share Market
Episode 25: Anthony Elbaum - Hi-Tech Gadgetry, How Much Value Does it Add to Your Home?
Episode 24 - Frank Perry: Understand Council Zones
Episode 23: Josh Hommelhoff - The Pros and Cons of Short and Long Settlements
Episode 22: Glenn McGrath - Styling Do's and Don't's
Episode 21: Grant Kennedy - How To Help in Your Photo Shoot
Episode 20: Chris Walsh - Buying in a Partnership Part 2
Episode 20: Chris Walsh - Buying in a Partnership (Part 1)
Episode 19: Nicole Jacobs - What's A Vendor's Advocate
Episode 18: Frank Valentic - Knowing the Difference Between a Buyer's Market and a Seller's Market
Episode 17: Tania Bell - Demolishing with a Purpose to Re-Purpose
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