Скачать или смотреть BID SMART ON THE GOLD COAST: A guide to winning an auction

How do we manage bidding strategies in a hot Gold Coast auction market?

When it comes to securing a property at auction (especially in a competitive market like the Gold Coast) having a clear, calm and calculated approach is crucial.

Here’s how we handle it:

👉🏼 Start with solid data by analysing comparable sales of similar properties recently sold (considering size, street position, flood zones, and overall appeal) to accurately assess the true market value.

👉🏼 Analyse the campaign by assessing whether there’s been strong buyer interest or just a few stickybeaks, as the number and quality of attendees indicate how fierce the bidding is likely to be.

👉🏼 Set a signed-off bidding limit by agreeing on a firm maximum bid with clients before auction day (signed and documented) so if bidding exceeds that, we walk away without regret or emotional overspend.

👉🏼 Don’t show your hand by keeping your upper limit private if it won’t secure the property - there’s no point giving away your strategy when the property’s already out of reach.

👉🏼 Keep emotion out of it by staying calm and focused in charged auction environments, allowing us as buyer’s agents to hold the line and avoid getting swept up in the moment.

👉🏼 Read the room by positioning yourself to observe every bidder and agent, using body language cues to gauge when others are near their limits and inform your next move.

If you’re bidding on your own, you need to be prepared, confident and cool-headed.

If you have a question about buying Gold Coast property, post it below.

Book a 15-min call📅 https://zurl.co/W73d2
or call us at 📞 0405178009
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