How to Master Online Auctions

Traditional property auctions can already be daunting to most
buyers, but moving it to an online space poses a whole other set
of rules and guidelines.


If you’re worried about what to expect and what you need to do to
prepare yourself for a different setup, you’re in for a treat.


Today, we’re going to take a look at online property auctions.
We’ll be talking about the path online auctions were expected to
take (and if any of it became a reality), the challenges buyers
agents face, how different online auctions are in comparison to
the traditional setup and much, much more.


If you enjoy the show, do give us a like, share it with others
who you know will benefit from the show and subscribe to the
podcast! We have loads of resources available and if you’d like
to talk with us directly, send us an email at
support@homebuyeracademy.com.au!


See you on the inside!


 


Episode Highlights:
Meighan’s featured house for the episode
[02:08] Meighan’s first time bidding at an online
auction [03:51] The path online auctions were
expected to take vs. what happened [05:27] Online
auctions in the face of lockdowns [08:04] Three
main types of online auctions [10:31] Zoom
auctions [11:00] Auctioneers filmed on platforms
[13:14] The Ebay style [15:25]
The challenge of online auctions for buyers agents
[19:20] Bid increments can be controlled in online
auctions [20:18] What can you control during
online auctions? [22:21] How different are online
auctions from in-person auctions? [23:48] THIS is
a sign of a slowing market [26:48]  What
agents do with pre-auction offers in a seller’s market
[27:33] Agents have more flexibility online when
scheduling auctions [27:48]  Alcohol during
an auction is a dangerous pair [29:07] Do people
still experience F.O.M.O. in online auctions?
[30:07] What happens when a technical glitch
happens during an online auction? [31:34] Will
online auctions take over the traditional auction setup?
[35:06] What you MUST do before going to an online
auction [36:37]

 


Links from the show: 


Innovation in Auctioning with Damien Cooley

How Skilled Auctioneers Get Your Last Dollar with David
Scholes

Online Auctions with Jesse Davidson



 


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and share the show! There’s more to come, so we hope to have you
along with us on this journey!


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