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The property auction bidding tricks the experts don't want you to know.

64 ratings | 38778 views
Auctions are commonly used to maximise the sale price for the vendor. Compared with sale by Private Treaty an auction is an open and transparent process, with benefits for both buyers and sellers. So what steps can you take to increase your chances of placing the winning bid on your next property? Watch this video to find out the tips the experts don't want you to know. Disclaimer: © 2013 WBP Property Group (WBP). This video has been produced as a general guide and does not constitute advice. It does not take into consideration individual circumstances, which may impact investment outcomes. While it was produced in good faith and with due care, no representation is made for the accuracy of the whole or part of the video. WBP accepts no liability for damages suffered by any party resulting from their use of information in this video.
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Text Comments (10)
110011001 110000110 (1 month ago)
Real tactics: www.mnforeclosuresopsec.com; This is useless outside of his jurisdiction.
RockyMtnGobblers (1 month ago)
Can you please explain tip one what is passed in ? Thank you
T DUB (2 years ago)
I understand half of the words he said
Ileana P. Gutierrez (1 month ago)
You are dumb
Good Tips!!
Ron Murrell (3 months ago)
Real First - Real Estate Crowdfunding site
Carlo Carballo (4 years ago)
I use the flexible limit all the time and it works, but i only use it with items i must have, of course i end up with a litle less profit but thats more than no proffit at all
WBP Group (4 years ago)
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. To learn more simply contact our office on 1300 302 581 and one of our property advisers will be glad to speak with you in more detail.
Wildwarlock TheWicked (4 years ago)
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
J Rider (2 months ago)
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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