Ask Michael Anything [video] – What strategy to use when biding at auction?

In this video series we answer your questions of Michael Yardney.

This week watch Michael discuss his strategy to biding at auction.

This week’s question: auction

Hi Michael –  I’m looking to buy a property at auction and wanted to know the best biding strategy.

I’ve heard conflicting idea, some say I that should bid contently from the start and make a high opening bid – But I’d rather wait to see until the property is “on the market” and then commence biding rather than pushing the price up.

What are your thoughts?  – Elise, Hawthorn  

Please leave your question in the comments section below and we’ll answer it.

This video originally appeared on Real Estate Talk – subscribe now for our weekly podcast and our daily videos and commentaries

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Australia's leading independent property commentator, brings together leading authorities on the property market. Each week at Real Estate Talk we take a fresh look at the property market so you get all the facts to help you make the right choice.

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