Tips for buying at auction

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Auction day has arrived. You have spent the past six months trawling through the suburbs, inspecting properties, checking prices and quizzing estate agents.

Dozens of people wander through the property you want to buy with glossy brochures in their hands making hushed comments when the auctioneer calls for their attention.

Your heart is pumping. You repeat to yourself the figure that you have agreed with your partner will be the upper limit of your bidding.

But do you bid first or wait for someone else to show the lead? Do you bid hard or offer small amounts to slow the auction from racing ahead?

Click here for the rest of the article (Source: Strata Plan Website)

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