Our Buyers Advocates will spare you the stress, uncertainty and emotional attachment which is associated with any auction process. We will be your own personal representative at property auctions to enter bidding on your behalf and relentlessly try to secure the property of your choice at the lowest possible price – whilst remaining strictly within your budget.
Todays’s Auction Model
Today’s auction model is designed to return maximum dollars to the pocket of the vendor. Below are three reasons why:
- Auctions are designed to create uncertainty, excitement and tension in buyers. This heady mix of emotions serves to push bidders to extend themselves beyond their price ceilings and what they logically know to be reasonable.
- Real estate Agents under quoting: All too often, potential buyers are offered price estimates that fall notably short of the final sale price, in order to ensure that as many interested (and emotionally attached) parties at the auction as possible.
- The third factor, of course, is lack of preparation and research. You are almost certain to underachieve in this market without studying comparable local sales, acquiring the proper inspection reports and having a reasonable understanding of the current market dynamics.
Situations where buyer’s agents save clients money
Dummy bids: We have talked to auctioneers in the past and “encouraged them” to stop running the bids up and on several occasions identified bidders to prevented dummy bids from pushing up the price on our client.
Post Auction Negotiations: We have let properties pass in at auction and entered into post-auction negotiations straight after and bought below the pass-in figure.
Real Estate agents and under quoting: We have saved countless clients from wasting their time and money getting building and pest inspections and paying us to attend auctions where the property was drastically underquoted. In every case these properties sold for well above our potential clients’ financial capacity.
An Auction can be daunting, stressful and has a high stakes outcome. Having professional Buyer agent at your side to do the bidding for you is invaluable.