Friday, July 2, 2010

More Auction Bidding Tips


It’s a good idea to arrive early at auctions. By arriving early you have time to review the contract of sale to assure there haven’t been any late changes. You can also position yourself to get a good view of the other bidders. Plus, you can gain more visibility to the auctioneer. You will want to be both seen and heard.

If you lack self-confidence or tend to get over emotional, you might consider getting someone else to take your place as a bidder, for you may not be the best person to do your own bidding.

Whoever ends up doing your bidding should not bet be afraid to bid. There are many ways to go about bidding, but whatever method you choose, make sure it’s one you feel is the most comfortable for you. For example, one strategy is to bid early and big to scare off other bidders. Kind of like making a high bid in a poker game hoping that your rivals may fold. Another strategy is to do the opposite and bid at the last minute in order to have time to assess the tempo and depth of the bidding.

Whatever way you choose, be sure to do so with confidence and without emotion. Displays of emotion reveal your true intentions which may prove detrimental. Try not to let the display of other peoples’ actions and emotions distract you as well.

If you have a question about real estate, or would like assistance in locating a property, feel free to phone me, Noel Thompson Principal Professionals Logan Lifestyles at either Browns Plains 3800 4000, Marsden 3200 4495, Springwood 3808 5544 or Waterford 3299 7733.

1 comment:

Unknown said...

I would like to thank you for giving the tips. Your tips will definitely get handy to the amateur bidders. What I want to know about the condition of the product the auctioneer is selling? He is definitely going to say good things about the product for sure. We can get rough idea about the condition but that does not mean that if we have entered the room then we have to buy it because we dont want to go out empty handed.


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