How to Prepare for a Property Auction

If you are planning on bidding at an auction then it is important to come prepared.  Here are some tips that can help you achieve the greatest chance of success at a public auction.

Do you auction or put a price on it?

Do you auction or put a price on it?

Auctions are popular in the market at the moment and we suggest you familiarise yourself with the auction process. A standard residential property transaction is known as a Private Treaty sale. This is when you set the price you’d like your house to sell for, and your real estate agent negotiates individually with prospective buyers to achieve a sale as close to this price as possible.