In the past month we have seen the growth of Online Auctions. Yes, they have been around for a while but with lockdowns now they are the bread and butter of the sales agent selling process. Each agent has a new software to download the app on your iPhone or tablet. Then you need to be confident in the bidding sequence, i.e. when to hit the right buttons. So, you need to be tech savvy. It is impossible to have a prepared strategy until the bidding commences, you can use the knockout bid-a big jump in the price to scare other buyers off, you can use the ‘I’m not going away bid’-each bid you come back with the smallest increase allowed, or finally you only bid when the property shows ‘on the market’ or ‘the reserve has been reached ’ tag and the Auctioneer is counting down from three, two, one. If you need someone to bid for you, please contact me for more details.
