First time property auction bargain hunter? Here are six top tips, tricks and tactics to confound your competition

First time property auction bargain hunter? Here are six top tips, tricks and tactics to confound your competition
23rd May 2008

By Rob Best

If you're about to attend your first auction, as a potential buyer, then it might be a bit early to take on the tricks and tactics laid out here.

Indeed, at your first auction, it's worth making yourself known to the auctioneer beforehand, telling him the lots your interested in, and then sitting in an aisle seat, or standing near the front so he'll easily spot you. You might even decide to wear a Hawaiian shirt, or something equally bright!

If you are going after a lot, get involved in the bidding early. This reminds the auctioneer to keep an eye on you throughout the bidding. If you come in at the last moment, there's a chance he'll miss your signal, and you'll miss your bargain!

All this will help you on your first outing or two, and it will help the auctioneer, too. However, remember that the auctioneer is ultimately working for the vendor (to get the best possible price) and for the auction house (to get the best possible commission). You are definitely third in the pecking order!

To view the rest of this article - and thousands like it - become a PRO member today...

To read this article in full you need to be a Property Secrets PRO member. In addition to thousands of searchable articles on UK and worldwide property investment, your PRO membership will give you full access to a host of additional benefits. Take a look at the table below to see a full breakdown of what you are currently missing out on.

Property Secrets Membership Benefits Lite Member PRO Member
Property Investment Community Forum Access Included Included
Online Property Investment Tools
(MyPortfolio, Mini Surveys and more...)
Included Included
Selected Property Articles, News & Expert Opinon
(Selected from a database of over 2,000 - updated daily)
Included Included
All Property Articles, News & Expert Opinon
(Complete access to our database of 2,000+ - updated daily)
Not included Included
FREE downloadable "How-to" property investment eBooks
(The complete guide to property investment according to Property Secrets, worth over £600)
Not included Included
Discounted hard copy "How-to" property investment books
(Selected eBooks, produced in hard copy for you to buy at up to 60% off)
Not included Included
FREE downloadable property market research, analysis and investment reports
(Worth over £400 and covering almost 20 property markets worldwide)
Not included Included
FREE investment spreadsheet software
(Download and save to your PC for use any time)
Not included Included
Choose Your PRO Membership
Monthly Membership
£9.99 / Month
3 Month Membership
£25.49
(15% discount)
6 Month Membership
£44.99
(25% discount)
12 Month Membership
£79.99
(33% discount)

If you are already a PRO member of Property Secrets, sign in at the top of the page.

Call Property Secrets on: +44 (0)1270 539550
Email  
Password  
Lost
password?
You are not currently receiving our FREE newsletter. Enter your email to receive yours every Friday: