Auctions are exciting; however, they can also be daunting for first time auction buyers.
They may be held in an auction room or at the property. In some regions you need to register with the auctioneer if you are going to bid.
Bidding needs to reach the reserve price in order for the property to be sold to the highest bidder. If it does not reach the reserve price, it is still to your advantage to be the highest bidder so you have the first right to negotiate with the Seller.
Tips when bidding:
We just sent you an email. Please click the link in the email to confirm your subscription!