Whether you’re bidding for a prized piece of real estate or rare work of art, auction results — on the surface — can be a triumph or travesty. The outcome should always depend on the financial discrepancy, rather than an emotional attachment. But how do you navigate the adrenaline-charged auction environment without overpaying, overplaying or missing out?
buying real estate
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Buying off-the-plan is a bit different to buying a property that you can inspect before you commit to buy. Because of this, the process is a bit different, involving using different tactics, using your imagination and strategically taking on future risk.
Competitive bidding amongst prospective buyers allows the seller to drive the sales price up, maximising the sales price for the seller. However, for buyers, it can be a daunting and intimidating experience, particularly for an inexperienced bidder who does not understand the auction process.
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