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Buying a home

What happens at the end of an auction - The Auction Advantage Ep 5

17 August 2018

Nicole Jacobs, buyers advocate for Channel Nine's The Block, presents The Auction Advantage: tips to help you understand the auction process.

In the final episode of The Auction Advantage series, Nicole outlines what happens at the end of an auction.

What happens at the end of an auction

Don’t walk off

You may not be the winning bidder, but don’t walk off too soon. If the property passes in, you could still be in with a chance of negotiating for the property.

Use your research to negotiate

Use your research into recent sales in the suburb with your knowledge of where the property should sit in the market to negotiate with the sales agent. This shows that you know what you’re talking about.

 

Visit the Home Buying Guide for more tips

 

Nicole Jacobs headshot of author

Nicole Jacobs is founder and director of Nicole Jacobs Property and a licensed REIV estate agent. Nicole is passionate about helping people find their dream property and regularly appears on Channel Nine’s The Block as a buyers advocate. With nearly 20 years business experience, Nicole is a big supporter of women in real estate and empowering them to achieve their goals.


Information is intended to be of a general nature only and any advice has been prepared without taking into account any person's particular objectives, financial situation or needs. You should make your own enquiries, consider whether advice is appropriate for you and read the relevant Product Disclosure Statement or Product Information Document before making any decisions about whether to acquire a product

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