Most people are totally blind-sided when it comes to bidding at an auction, Elliott Placks Director at Ray White Double Bay gives you his advice on 5 of the most effective auction strategies:
Take a position in the centre of the room, it is very important to look determined, with strong body language. It is vital to show the other bidders that you will not be beaten.
If you start the process, then experience shows us you’ll have a better chance of still being there at the end.
This has been known to take the competition by surprise.
This strategy gives the other bidder the impression that you’re going to keep going (and going, and going).
Give careful consideration to what the agent recommends particularly about the reserve price on the day.
For further advice contact Elliott Placks or your professional and friendly agent at Ray White Double Bay.
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