Thanks for watching our video. At WBP we’ve advised investors on investing in property for more than 20 years, with the aim to maximise investment outcomes. These tactics have helped thousands of investors gain the winning edge and are endorsed by WBP’s experienced property advisers who’ve worked in the real estate industry for many decades.
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Your helpful tips are crazy and only increase the sale price of a property...
Setting a flexible limit.. WTF. People only get into bad spots by not sticking too their set limits and should have all their money set before they arrive... not bid on emotion!
Holding back is a tactic used too keep bidding low.... it cant increase if people dont bid.. again only favours the seller too get people bidding early. Most of your tips will turn a cheap bargain into a ego war were people over spend
No answer to the points you raise in their response below...oh well. Common tactic used by Buyers Agents is to bid hard and often early, that pushes the price up then they can pull out, later telling their client "the buyer overpaid". No real onus on the Buyers Agent to secure that sale there and then, they are often failed agents who just want to use the auction result to prove their point, whatever that is that week. The "advice" in this clip is wrong too - Fact is you ARE bidding against the auctioneer, they are after all acting for the Vendor. They will do whatever they can to assume power over you in the negotiation/auction. Just like Buyers Agents, the Selling Agents are ego driven often so will see the auction as a means for them to hear their own voice. Auctions are a relic of the past, more evidence of the Vendor and Agent trying to control the whole negotiation. Sad thing is, the Vendor is paying ridiculous $ for the agent to promote themselves in the process...
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