Ross Bischoff

Posted on 10 Jun 2021

The Ross Bischoff Auction Guide

Although an auction can be intimidating, it can often be a valuable method of purchase. Personally, I love auctions, the atmosphere and the excitement on the day is amazing. 

Some tips from me to you:  

  • On arrival make sure you get registered; you’ll need to bring photo identification (eg. Drivers licence or passport) and an eager attitude. 
  • If you’ve never been to an auction before, be sure to attend one before the day to have an understanding of the process. 
  • Take advantage of the open homes, these are your opportunity to scope out the house and ask the agent any questions. 
  • Be sure to review the building & pest inspection reports before auction day.   

How To Bid:

  • Make sure you can be seen by the Auctioneer, don’t hide away at the back! 
  • Hold your number up high and have a clear, loud voice. 
  • You can call out exact amount “$650,000” or can increase the amount “another $50,000”. 
  • Bid with confidence – show the competition how interested you are.  Have your financed pre-approved · Ensure all your finances are pre-approved. · Buying a home at an auction means the sale is unconditional, which is different to buying a home through other methods of sale – there is no cooling off period. · At auction you will need to have up to 10% of the purchase price ready to go at the fall of the hammer.   I hope this was helpful and informative... if you’re looking to test out these new auctioning skills check out our current listings here https://rossbischoff.com/for-sale

Finances

  • Ensure all your finances are pre-approved. 
  • Buying a home at an auction means the sale is unconditional, which is different to buying a home through other methods of sale – there is no cooling off period. 
  • At auction you will need to have up to 10% of the purchase price ready to go at the fall of the hammer. 

I hope this was helpful and informative... if you’re looking to test out these new auctioning skills check out our current listings here https://rossbischoff.com/for-sale