“Auctions are a psychological battle, so it’s important to have a strategy in place to secure the best chance of winning on game day.” SMH Dec 15
When you are bidding at auction it’s important to be confident to send a strong message to your opponent that you’re there to buy the property at all costs.
The first step to projecting assertive body language is knowing your absolute maximum purchase price and having your finance pre-approved before you go to the auction.
But there also some things you shouldn’t do at auctions – mistakes that could cost you your dream home or ideal investment property.
So here are the 7 biggest no-nos at auctions…
- Holding back
- Showing hesitation
- Not being assertive
- Making a super low-ball offer
- Setting your limit on a round number
- Pushing too hard after the property passes-in
- Showing disinterest in the property
See the Sydney Morning Herald article here: Biggest Auction Mistakes