Auction Bidding Service Melbourne your heartbeat quickening and palms sweating. Is this the day you finally secure your ideal property? But what is your strategy? Should you start bidding early to beat out the competition or wait for them all to walk away and let your chance slip through your fingers?

It’s not uncommon for buyers to make costly mistakes at auction, getting caught up in the heat of the moment and bidding way above their budget. Engaging a professional Auction Bidding Service Melbourne will eliminate this risk and provide you with peace of mind that your home purchase is a sound one. A buyer’s advocate can assist you at auction by bidding on your behalf, understanding real estate agent tactics and the specific language of an auction process, and most importantly, when to bid and when to walk away.

Mastering the Melbourne Market: How Buyers Agents Can Be Your Real Estate Ally

There’s no cooling-off period when you buy a property at auction, so you must be absolutely certain that the property is right for you before committing to purchase it. A thorough building and pest inspection, contract review by a solicitor and finance pre-approval are all essential to ensure you’re ready to take the plunge. It’s also important to have a deposit prepared (normally 10% of the reserve) and to be ready to sign contracts as soon as the auction ends.

The agent may require a deposit to be paid at the end of the auction and this is usually non-refundable.