Oct 27, 2021
Around Australia, weekend property auctions have become almost a national pastime.
When we’re not lockdown people go along to have a sticky beak, to get an idea of the market, to fantasize about their dream homes or just to watch the street theatre unfolding before them.
It’s a bit like watching buskers – you see an auction being conducted you just have to stop and gawk for a while.
Of course, over the last year, we have had to learn to adapt in many auctions are conducted online, but auctions are still a particularly popular method of selling properties, especially when the market is strong.
For all the street theatre and entertainment value, auctions represent a lot of stress and tension for those involved so today and in the next episode of the Michael Yardney podcast, we’re going to concentrate on how to win at auctions.
And even if you’re not planning to buy a property at auction in the near future, there will be lots of information for you as I chat with my son Bryce Yardney, and you get inside the mind of a very successful investor and buyer’s agent who has bought hundreds and hundreds of properties at auction for our clients at Metropole.
What to do before and during an auction:
Before the auction:
Four things the selling agent knows that you don’t
Can you buy a property before the auction?
In today’s market, because vendors are more confident that they will sell at auction, however, there are a number of reasons why vendors may be prepared to sell before auction.
What to do on Auction Day
Collect your bundle of eBooks and reports here: www.PodcastBonus.com.au
Shownotes plus more here: Hands up if you want to know more about auctions, with Bryce Yardney
Some of our favourite quotes from the show:
“Auctions do bring out emotion and, at the moment it’s FOMO.” – Michael Yardney
“Most adults start with the same amount of money. They just have a different philosophy.” – Michael Yardney
“Poor people spend their money and save what’s left, while rich people save their money and spend what’s left.” – Michael Yardney
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