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  1. #11
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    Default Bidding at auction tips

    If they are quoting $440-480 I would assume the owners would want $480-500, It's risky offering a high price before auction as you could be pushing the reserve price up , just make sure you keep in contact with agent and ask them to keep you informed
    When's the auction?

  2. #12
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    Yeah I figured. Auction is sat 2nd march. I offered $463k (when i would happily pay $500k). But he said not high enough to sell before.

    He knows to email me section 32 once it's ready and I'm organising a building inspection next week.

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    Default Bidding at auction tips

    Quote Originally Posted by singa06 View Post
    Thanks!!

    Ps, I've asked him if I could buy before auction, but apparently not because a few people are interested :-(
    He said maybe if I offer in the higher end (it's advertised $440-480k) so I assume their reserve is higher than thant or Inbetween??
    Sounds to me like the oldest trick in the book- creating anxiety, tension, anticipation and competition before hand.

    Good luck with it, as others have said stick to your limit

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    Default Bidding at auction tips

    Quote Originally Posted by singa06 View Post
    Yeah I figured. Auction is sat 2nd march. I offered $463k (when i would happily pay $500k). But he said not high enough to sell before.

    He knows to email me section 32 once it's ready and I'm organising a building inspection next week.
    Good luck!!

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    Thanks. Ps I sent you a PM!

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    How did it go op?

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    Oohhh it's this Saturday!!! We're so nervous!!

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    Fx for you!!!

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    Good luck

  10. #20
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    Thanks!


 

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