Auctions are an increasingly popular sales method for property across Australia, so if you're planning on buying real estate in Bentleigh East in the near future it could be worth knowing some tips for bidding.
For example, when it comes to making your initial bid – hold back for a while. It's always a good idea to check out the crowd before you start bidding and figure out who could be the biggest competition in the room. Furthermore, you don't want to bid too much too quickly and hike the price up fast.
Having your upper limit set in concrete is essential as well. It's all too easy to get caught up in the atmosphere of bidding and end up overextending your finances – leaving you high and dry with a huge debt that could be outside of your repayment potential. Creating a limit and sticking to it is one of the most important things you can do as a property buyer.
If you're interested in looking into available property in Bentleigh, get in touch with Matt Hurlston at Ray White Carnegie. His knowledge and experience will be a great help for your real estate efforts.
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