Auctions can be a stressful experience, but they don’t have to be that way.
In Canberra, we are seeing an increasing number of properties being sold under the hammer, creating an atmosphere charged with excitement and pressure.
It’s easy for potential buyers to get swept up in the moment, leading to decisions that may not be in their best interest.
That’s why we emphasise to our clients that preparation is essential for a successful auction experience.
This involves several key components.
First, it's important to determine your absolute budget limit well in advance of the auction.
Having a clear understanding of your financial boundaries will help you avoid overspending in the heat of the moment.
Next, having a solid grasp of the property’s true value is crucial.
We encourage our clients to conduct thorough research that goes beyond just relying on the auction guide price.
This includes looking at recent sales of similar properties in the area, assessing the property's condition, and considering any potential improvements that could impact its value.
Add comment
Comments