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View Full Version : House Auction Experience?? Anyone?



lovecolt
03-05-2007, 11:43 AM
Ok guys,

I will be heading off to a auction today. But been a noob for auction, i don't know what to expect. All i know is, bring your 10% if you win. Also, at the beginning of the auction, the agent will advise the description of the place and how much each hand rise will add on top of the previous bid.

However, what i'm really interested to know is, can we bid more or less than the default increment? If yes, how should i do it? Rise my hand and shout the amount i want to increase?

What's your general experiences and tips for it?

Cheers,
Ryan

27AME
03-05-2007, 01:18 PM
We bought our house at auction.

Just stick to what you've already said and take that with you and maybe just watch a few people bid to start with. At first the bidding is quite quick so you'll be able to catch on a bit by watching.