How to Make Auctions Not So Scary

A lot of home buyers (and sellers) avoid auctions like the
plague. Some reason out that they have no idea how it works while
others feel like it’s a bigger undertaking than what they’re
prepared for.


If auctions feel daunting to you, you’re in the right place!


In this episode, we’re going to give you an auction masterclass!
Most property buyers hate auctions, but stick with us because
we’re going to reveal some tips and tricks to give you that
inside edge. 


If you enjoy this episode, 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:
What is a “method of sale”? [02:39] When
selling, auctions are commonly chosen in this situation
[03:17] The Pre-Auction Phase
[04:30] The auction process from the selling
agent’s POV [08:01] A phrase to help you
understand how price guides are mostly set [11:20]
Legislation on reserve price within the quoted range in South
Australia [13:54] What buyers need to do before
auction date [16:32] What couples need to think
& talk about before the auction date [18:52]
Two types of bidders at auctions [22:29] Three
groups of auction buyers that agents typically present to
auctioneers [28:42] Why an agent might ask about a
pre-auction offer [29:45] Self-control gives you
the confidence to walk away from a property
[33:55] In-rooms versus on-site auctions
[36:13] Key bidding tactics
[39:15]  The ‘knockout’ bid
[41:22] Not all auctions pass under the hammer,
but when they do... [47:01] The next steps for
buyers who have done great pre-auction work
[51:35]

 


Link/s from the show:


Take our FREE course on pricing property!

Check out our Where to Buy workshop!

Register for our June 19th Stepping Stone Workshop at
https://homebuyeracademy.com.au/ssw! 

Get “Auction Ready” by Veronica Morgan (30% off & free
postage with code ‘ACADEMY’)



 


Connect With Us:


Home Buyer Academy Website
(https://www.homebuyeracademy.com.au/)



 


If you enjoyed today’s podcast, don’t forget to subscribe, rate,
and share the show! There’s more to come, so we hope to have you
along with us on this journey!


 


See omnystudio.com/listener for privacy information.