Heading to an auction tomorrow? Are you mentally prepared?
‘Buying at auction can be a psychological roller coaster. So how do you balance out the adrenaline and nerves, and survive the drama while not letting your FOMO get the better of your rational mind?’
It can be a very stressful experience, but with 880 auctions happening last Saturday in Sydney alone its a difficult one to avoid if you are looking to buy a property. Bring in to the mix last Saturday’s clearance rate was 80%, it’s important to be prepared and get your strategy right.
Here are the tips:
- Do your homework – have everything prepared and checked, especially your finances.
- Know your limits – and stick to it, don’t get emotional and go crazy.
- Practice – know what you would do with a variety of situations.
- Take support – whether this person is purely moral support or may bid on your behalf.
Read full article here
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