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How to Bid Successfully at Auction? | Glenelg Real Estate Blog

Monika Bonet, Principal of Raine & Horne Glenelg offers these tips how to bid successfully at Auction;

  1.     Attend Similar Auctions Prior

Attend as many similar auctions as you can in the weeks leading up to your auction. This will allow you to better understand the system and observe your Auctioneer in action. It’s not in your best interests to be a complete novice at the auction, during which you plan to make a purchase commitment.

  2.     Check out the Venue

If the auction is to be conducted ‘in-rooms’, locate the venue and any transport or parking facilities well prior to the auction date. This may avoid a last minute panic and the possibility of missing out on the property that you’re interested in purchasing. 

  3.     Arrive Early

Arrive early and get comfortable. If you need help, bring along a friend or an agent to bid on your behalf. In this instance your proxy bidder must register or otherwise your bid could be thrown out. Also by arriving early you can strategically locate yourself so you ca clearly see the Auctioneers and the other bidders.

4.     Establish Your Financial Limit

Establish a limit of how much you’re willing to spend on a property, and be prepared to walk away when (or if) the bidding exceeds your limit.

  5.     Understand the Bidding Process

Get a feel for the bidding process before you start. If you’re not sure get a Licensed Land Agent to bid on your behalf.

  6.     Start Bidding When Bids Are in Your Price Range

Start bidding when the figure is below or within your price range. Don’t be shy about opening the bid at a figure to suit you, and don’t hang back until the last bid. You should participate within your price range or you could miss out.

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Real Estate Tips - How to Make Your Offer More Attractive

In this video Sherrie Harrison, Co-Principal of Raine amp; Horne Prospect / Northgate in South Australia gives great real estate tips on how ...

Raine And Horne Realestate - News


Online buyers click with overseas sites Sydney Morning Herald
table border=0 cellpadding=2 cellspacing=7 style=vertical-align:top;trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serifa href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNHlp-Dj20J2DLAAE-s61x5yWdRavAamp;url=http://www.smh.com.au/small-business/trends/online-buyers-click-with-overseas-sites-20120203-1qw8k.htmlimg src=//nt2.ggpht.com/news/tbn/itrfii_MQ7g5pM/6.jpg alt= border=1 width=80 height=80 /br /font size=-2Sydney Morning Herald/font/a/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbr /div style=padding-top:0.8em;img alt= height=1 width=1 //divdiv class=lha href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNHlp-Dj20J2DLAAE-s61x5yWdRavAamp;url=http://www.smh.com.au/small-business/trends/online-buyers-click-with-overseas-sites-20120203-1qw8k.htmlbOnline buyers click with overseas sites/b/abr /font size=-1bfont color=#6f6f6fSydney Morning Herald/font/b/fontbr /font size=-1The information has been sold to more than 1000 clients, including Gold Coast Tourism and breal estate/b franchise bRaine/b amp; bHorne/b. The information is mostly used to determine where to commit their online marketing budgets. The data shows that visits to b/b/fontbr /font size=-1 class=p/fontbr /font class=p size=-1a class=p href=http://news.google.com/news/more?ncl=d-RYTh0exLbuAGMamp;ned=usnobrband morenbsp;raquo;/b/nobr/a/font/div/font/td/tr/table

Franchise owners Self shock Tasmania Mercury
table border=0 cellpadding=2 cellspacing=7 style=vertical-align:top;trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serif/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbr /div style=padding-top:0.8em;img alt= height=1 width=1 //divdiv class=lha href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNFItsJgNYBoq6Zda-6Ldv9JzGZYAwamp;url=http://www.themercury.com.au/article/2012/02/01/297171_tasmania-news.htmlbFranchise owner#39;s Self shock/b/abr /font size=-1bfont color=#6f6f6fTasmania Mercury/font/b/fontbr /font size=-1Mr Kelly has been involved in breal estate/b in Tasmania for 19 years. It is understood Mr Self informed him a couple of days before breaking the news of closures to his staff, and yesterday clients. Mr Kelly has owned several bRaine/b amp; bHorne/b franchises b/b/fontbr /font size=-1 class=p/fontbr /font class=p size=-1a class=p href=http://news.google.com/news/more?ncl=dNLv4mAvrcK235Mamp;ned=usnobrband morenbsp;raquo;/b/nobr/a/font/div/font/td/tr/table

Property prediction versus property realisation Sydney Morning Herald
table border=0 cellpadding=2 cellspacing=7 style=vertical-align:top;trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serif/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbr /div style=padding-top:0.8em;img alt= height=1 width=1 //divdiv class=lha href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNFeuhdT48IIl4n6uAmwOO9I7OTzkAamp;url=http://www.smh.com.au/domain/real-estate-news/property-prediction-versus-property-realisation-20120201-1qs6m.htmlbProperty prediction versus property realisation/b/abr /font size=-1bfont color=#6f6f6fSydney Morning Herald/font/b/fontbr /font size=-1Gina Wells, principal at bRaine and Horne/b Deception Bay, said she did not think she would see a change in the local market for years, after property prices in the Caboolture region dropped. “There were properties in D-Bay selling for the high threes in b/b/fontbr /font size=-1 class=p/fontbr /font class=p size=-1a class=p href=http://news.google.com/news/more?ncl=dHqo_ZOXbyegNfMamp;ned=usnobrband morenbsp;raquo;/b/nobr/a/font/div/font/td/tr/table

PRESS DIGEST-Australian Business News Feb 3 Reuters
table border=0 cellpadding=2 cellspacing=7 style=vertical-align:top;trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serif/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbr /div style=padding-top:0.8em;img alt= height=1 width=1 //divdiv class=lha href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNGesEDg9wC-jUmv5D0x1VhNgnNAKgamp;url=http://www.reuters.com/article/2012/02/02/digest-australia-business-idUSL4E8D277S20120202bPRESS DIGEST-Australian Business News - Feb 3/b/abr /font size=-1bfont color=#6f6f6fReuters/font/b/fontbr /font size=-1The information is used by companies to determine where to spend their online marketing budgets, with Experian selling the information to clients such as Gold Coast Tourism and breal estate/b group bRaine/b amp; bHorne/b. Matt Glasner, general manager for Experian b/b/fontbr /font size=-1 class=p/fontbr /font class=p size=-1a class=p href=http://news.google.com/news/more?ncl=d1TXsomXVUJkMWMamp;ned=usnobrband morenbsp;raquo;/b/nobr/a/font/div/font/td/tr/table

Hammer falls on auctions Sydney Morning Herald
table border=0 cellpadding=2 cellspacing=7 style=vertical-align:top;trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serif/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbr /div style=padding-top:0.8em;img alt= height=1 width=1 //divdiv class=lha href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNEnoNFc-TJOe5rXPq1th8jsVHSHkgamp;url=http://www.smh.com.au/domain/real-estate-news/hammer-falls-on-auctions-20120120-1q95r.htmlbHammer falls on auctions/b/abr /font size=-1bfont color=#6f6f6fSydney Morning Herald/font/b/fontbr /font size=-1“The big thing for the property market, consumer confidence, isn#39;t there yet,” said Angus bRaine/b, chief executive officer of Sydney-based breal estate/b broker bRaine/b amp; bHorne/b, who expects sellers to avoid auctions again in 2012./fontbr /font size=-1 class=p/fontbr /font class=p size=-1a class=p href=http://news.google.com/news/more?ncl=drIKGmApKHAw83Mamp;ned=usnobrband morenbsp;raquo;/b/nobr/a/font/div/font/td/tr/table