Auctions are a popular and effective way to purchase property in Australia, however, they can be stressful and competitive. A successful auction bid requires a blend of research, strategy and confidence.

Auction bidding services Melbourne are an option for those who are unable to attend an auction on the day of sale. Typically you will register prior to the auction with the real estate agent and supply your identification. You can also arrange for someone to bid on your behalf, which usually involves signing a form and providing your maximum bid.

Auction Bidding Services in Melbourne: What to Expect and How to Prepare

It is essential that you arrive early to familiarise yourself with the auction venue and observe other attendees. This will allow you to select your position within the crowd and monitor the competition.

When you are bidding it is important to communicate clearly with the auctioneer to avoid any confusion or embarrassment. It is also important to have a clear idea of the reserve price (the minimum price the seller is willing to accept). You should also have your contracts reviewed and finance pre-approval in place, this needs to be completed prior to auction day.

Cohen Handler closely monitors metro-city and state-wide auction clearance rates, these provide an indication of the level of interest in the market and can help guide your auction bid strategy. Our buyers agents have extensive experience in both auctions and private negotiations and can save you time, stress and money. Contact our team to get started today!