5 Tips For Bidding at Auction

Be prepared

If this is your first time bidding at auction it’s important to do some homework to familiarise yourself with the process so you are not caught unawares when it comes time to bid for the home of your dreams. Find videos of past auctions or view auctioneers profile videos online or attend as many auctions as you can. By attending auctions while not being a bidder, you can observe the various ways people bid and the different auctioneer styles.

Stick to your budget

Know your upper limit before auction day and don’t go above that figure. If you think you’ll find it difficult to emotionally detach ask a trusted friend or relative to do the bidding for you or consider hiring a buyers agent. Make sure the auctioneer knows you have a proxy bidder acting on your behalf.

Be visible

Don’t hide in the back. Position yourself in the middle so you can see what’s going on and who else is bidding. This also allows the auctioneer to clearly see you when you place your bids.

Exude confidence

Want the other bidders to think you’ve done this a hundred times before? Dress to impress, leave the children at home and make your bids fast and assertive. It’s important not to hesitate or show weakness when calling out your next bid and use full figures ie. Seven hundred and fifty thousand instead of simply stating the increment you’re offering such as $5000.

Keep your bidding limit confidential

Don’t discuss your bidding limit on the day as you may be overheard by other bidders who can use this to their advantage to outbid you.

Good luck and remember while you may miss out on a property or two there are plenty of more fabulous ones out there.

Share:

More Posts

Meet Our April CSP Grant Winner

Meet Our April CSP Grant Recipient CCP Community Theatre, now in its 70th year, has been a vibrant part of our local arts community for decades, bringing people of all ages together through the power of live performance. This long-standing, volunteer-led organisation provides inclusive and high-quality productions that foster creativity, connection, and a sense of belonging. โ€œThanks to the Noel

Market Update | April 2025 Edition

As we move into the second quarter of the year, the Melbourne property market appears to be in a holding pattern. The federal election has now been announced, interest rates remain on hold, and recent budget measures, including expanded support for first-home buyers and initiatives to fast-track housing construction are starting to shape market sentiment. Despite a sense of caution

15 Activities To Keep Your Kids Entertained These Autumn School Holidays

The sound of the school bell ringing can be a double-edged sword for parents. It signifies freedom for the kids, but for you, it might mean weeks of scrambling to keep them entertained. Fear not! This list of 15 fun activities from Melbourne’s east and beyond is here to save the day (and your sanity) during the school holidays. Explore

Send Us A Message

Good Job!

Thanks for taking the time to let me know about your needs.

I look forward to helping you find your new home.โ€‹

Buyer Requirements

Thank you!

Iโ€™ll be in touch soon with information on the suburb youโ€™re buying in.

Find Out More