All Topics / Help Needed! / I want to bid at an auction but I can't make it?

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  • Profile photo of dezabilitydezability
    Participant
    @dezability
    Join Date: 2014
    Post Count: 16

    Hi guys,

    I want to bid at an auction but it’s interstate and I won’t be physically able to make it.

    How does this normally work? Do I assign a real estate agent or what happens? and what are the costs involved etc?

    Thanks

    Profile photo of ChrisA1ChrisA1
    Participant
    @chrisa1
    Join Date: 2011
    Post Count: 172

    Hi Dezability

    Do you know of any Buyers Agents in the area who could bid on your behalf?

    Not sure if you could put in your highest bid with the selling agent prior to the auction (although you would want to monitor that they don’t automatically use your bid s the opening bid).

    Do you know what the property’s approximate value is?

    Cheers

    ChrisA1

    Persistence is 'to keep on keeping on, no matter how hard the going may be'

    Profile photo of BuyersAgentBuyersAgent
    Participant
    @knightm
    Join Date: 2005
    Post Count: 330

    Many Buyers Agents offer this as a service (cheaper than full BA fee).
    BuyersAgentGuide.com.au has agents by region.
    Where is the property?

    Alternatively (assuming you know the property well, have done all your due diligence and are confident enough) you can ask the selling agency to register you, and allow you to phone bid on the day. There will be paperwork etc but its usually possible.

    BuyersAgent | Precium
    http://www.precium.com.au
    Email Me | Phone Me

    South Coast NSW Independent Buyers Agent - Wollongong to Batemans Bay and Regional NSW. DOWNLOAD OUR FREE 14 POINT PROPERTY BUYER'S CHEATSHEET to avoid painful mistakes at precium.com.au

    Profile photo of vagirl2012vagirl2012
    Participant
    @vagirl2012
    Join Date: 2012
    Post Count: 47

    Yep either a buyer’s agent or register to bid yourself via phone. Most auctioneers will let you do either.

Viewing 4 posts - 1 through 4 (of 4 total)

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