All Topics / General Property / Expert Bust #9 – Knockout Bids

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  • Profile photo of Jeremy SheppardJeremy Sheppard
    Join Date: 2015
    Post Count: 0

    Buyers Agents have told me they’ve seen proof of it working for them. But all they say is they won the auction with a knock-out bid – not proof. A small incremental bidding approach might also have worked.

    The only way you can know that it worked is if the other bidder tells you after the auction what their highest bid was GOING TO BE. If you can believe them and if that amount was higher than your knock-out, then the other bidder would have won if they made their highest bid. But for some reason, they didn’t make their highest bid. Then and only then do you know it worked. How likely do you think that is?

    I think it’s more likely the knockout bid has cost more than it has saved.

    The full article has some funny tips from supposed experts on auction bidding. You can read them here.

    • This topic was modified 2 months, 3 weeks ago by Profile photo of Benny Benny. Reason: remove link
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