The property auction process can be an exhilarating, nerve-wracking and stressful event. With big money being thrown around, it’s no wonder that it can be a very emotional and daunting experience for a first time buyer or even a seasoned investor.
Is it better to bid early or late?
Auctions are a unique method of selling where buyers bid against each other in a crowded and noisy environment. The highest bidder wins. This is a popular and effective method for buying and selling real estate in Australia. Auctions are regulated by state and territory laws.
Melbourne Auction Bidding Service is easy to get caught up in the excitement of an auction and before you know it your heart rate is pumping and palms are sweating. It is also very easy to lose track of your budget and end up paying more than you should. Our Auction Bidding Service Melbourne can help you avoid these pitfalls and get the best possible outcome for your next property purchase.
We have a team of fully licensed and experienced Buyers Agents that specialise in helping clients buy property in all areas of Melbourne at any price point. Prior to auction day we will organise a strategy session to discuss your objectives, work out your maximum purchase price and look at different bidding strategies.
Dummy bidding is a form of collusion where a non-genuine bid is placed at the direction of either an auctioneer or real estate agent to influence the sale price. It is an illegal practice and the person placing the dummy bid could be fined up to $55,000, along with the auctioneer and the real estate agent who may have directed the dummy bid.