Going to one (and bidding) for the first time tomorrow.
Any tips, must dos/do nots etc.
Looking forward to it - it will blow Ebay-Fever out of the water quite spectacularly.
🙂
Do not get drawn into a bidding war and pay more than you wanted to. Good luck.
Will have 10% of my best offer as a Banker's draft in my pocket and my father in law on hand with another cheeky £10k as a gift if we feel we are almost there with our bid. So basically I know what I will pay and we won't go over it.
(gulps)
make sure you can see who your bidding against (ie make sure they actually exist and are not just a wall). I was told that the person selling the house can bid on the auction too!! Not sure if this was a wind-up though.
stand at the back of the room, with a view of the whole room.
set a limit - stick with it - in theory
i've bought three places at auction, the first one i was bidding against a ghost
don't jump in too early
next ones I was more clued up - good luck
Blimey that was exciting! I didn't win the auction - the price went way over our maximum in the end. I did get to put a bid in though when bidding had appeared to stall around our maximum - my heart was pounding sooo hard.
Definitely going to go again next month - just to watch. It felt like Ebay on Speed. Grrrrrr!!!!!!