The Challenge
Our clients, a young family, had been searching for their perfect home in East Lindfield for four years. Frustrated by missed opportunities and the stress of auctions, they turned to us for help. They needed someone who could provide expert insights, emotional detachment, and effective bidding strategies to assist at auction
Our Approach
We provided our auction bidding service, taking the stress out of the process and giving them a competitive edge:
- Property Assessment: We inspected the property, reviewed the building and pest reports, and provided a valuation to help the clients set a realistic budget.
- Reserve Strategy: We advised setting an odd-numbered reserve to create an edge over other buyers who might hesitate to bid above round numbers.
- Auction Expertise: On auction day, we represented the family, ensuring the process remained strategic and unemotional.
The Auction Day Bidding
At the auction, we implemented a tactical approach to control the bidding tempo:
- We opened the bidding confidently and sat back afterwards refusing to bid later in the auction until the auctioneer accepted $25,000 increments instead of $50,000.
- Once the auctioneer relented, we placed a firm $25,000 bid. When another party countered, we responded immediately with a bold $50,000 bid, unsettling the competition.
- The bidding slowed at $3.89 million, where we strategically raised the bid to $3.902 million, securing the property for our ecstatic clients.
The Result
After years of searching, the family finally secured their dream home for $3.902 million, thanks to expert representation at the auction. Our understanding of auction tactics, and ability to stay calm under pressure made all the difference.
Why Choose Our Auction Bidding Service?
Bidding at auctions can be intimidating and emotional. With our experience in hundreds of auctions, we know how to outmaneuver the competition and secure the best result for our clients. Whether you’re buying in East Lindfield or elsewhere, we’re here to give you the advantage you need.