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:
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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