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How to Approach an Auction as a Bidder: Tips for Success

Auctions can be thrilling, fast-paced, and a little nerve-wracking, but with the right preparation and mindset, they can also be one of the most effective ways to secure your dream property. Whether you're a first-time buyer or a seasoned investor, here’s how to walk into an auction with confidence and a winning strategy.

1. Do Your Homework

Before you even raise your hand, research the property thoroughly. Review the contract of sale, building and pest inspection reports, and speak with your solicitor. Look at comparable sales in the area to help set your expectations around price.

Tip: Drive by the property at different times of the day, and speak to the agent about recent interest and expected competition.

2. Get Your Finances in Order

At auction, there’s no cooling-off period — once the hammer falls, the sale is final. Make sure your finance is pre-approved, your deposit is ready, and you understand the terms of the sale.

Pro tip: Most deposits are 10%, paid on the day. Check if the vendor will accept a different amount or payment method if needed.

3. Set a Clear Limit (& Stick to It!)

Know your absolute maximum bid - and don’t let adrenaline push you over it. Auctions can be emotional, but discipline is key. If you miss out, there will always be another opportunity.

4. Position Yourself Well on the Day

Stand where you can see the auctioneer and other bidders. Be calm and confident, and bid with clear body language or a firm voice. This shows others you mean business.

5. Understand the Auction Language

Know the basics:

Passed In: The property didn't meet the reserve price and isn’t sold. You may get first rights to negotiate
Reserve Price: The minimum the seller is willing to accept
Vendor Bid: A bid placed on behalf of the seller, legally allowed once

6. Bid With Confidence

Start strong, if you're comfortable, or wait to see how others behave. Use odd increments to break momentum and show you’re in control. Don't hesitate — even small hesitations can signal weakness to other bidders.

7. If You Win: Be Ready to Sign

Have your ID, solicitor or conveyancer information and deposit ready. You’ll be expected to sign the contract and pay the deposit immediately after winning.

Going to auction doesn't have to be intimidating. With the right preparation, a clear budget, and a confident attitude, you’ll position yourself to make smart, competitive decisions on auction day.

Thinking of buying at auction?
Our experienced team can help guide you every step of the way — from finance prep to post-auction settlement. Get in touch today!

FAQ

Do I need to be there for open homes or inspections?

Not at all. We’ll handle everything professionally, respecting your time and space while ensuring buyers feel welcome and informed.

How should I prepare my home for sale?

Presentation matters. From minor touch-ups to expert styling, we’ll guide you on how to showcase your home in its best light—inside and out.

What should I look for in a real estate agent?

Experience, communication, and local knowledge count. You want someone who listens, guides you with honesty, and knows how to get results—now and always.

What’s a property appraisal, and why does it matter?

A professional appraisal gives you a clear understanding of your home’s current market value—an essential first step in planning your sale with confidence.

When’s the right time to sell?

The ‘perfect’ time depends on your property, your goals, and the market. We’ll help you weigh the factors and decide what works best for you.

Will I need to pay Stamp Duty?

Stamp Duty usually applies to buyers, but rules can vary. We can connect you with trusted legal and financial advisors to make sure everything’s covered.

‘What’s the best way to market my property?’

The best marketing strategy is one that’s tailored—to your home, your audience, and the current market. It’s not about ticking boxes; it’s about standing out where it matters. That means combining strong digital reach with compelling visuals, authentic storytelling, and targeted strategy. If you’re thinking about selling Talk to us today.