Tips on bidding at auction

Buying a home at auction can be a very daunting experience so it’s important to be prepared. In this video Damien Cooley shares some vital tips to ensure you’re the successful bidder on auction day, including putting a strategy in place, handling the competition and the benefits of allowing some flexibility into your purchase limit. The rules and procedures that take place at auction are also explained, including the vendor’s bid, negotiating post auction as the highest bidder, increasing your own bid and the regulations regarding someone bidding on your behalf.