How to Bid at Auction (and win) in Sydney, Australia

Sydney real estate auctioneer Clarence White is a four-time winner of the Real Estate Institute of NSW Award for Excellence in Auctioneering and one of Australia's leading real estate auctioneers. In this video he offers tips and strategies on how to bid at a competitive real estate auction and win. Build an auction day strategy based on professional advice, be decisive and confident in your auctions and send strong signals to other home buyers by your actions on the auction floor.

[@user-io3vs7fz5j]

I like your video presentation. It is informative too, at the same time. Thanks a lot for your guidance!

[@elmin2323]

No before the auction starts ask if the resever is within the quoted range. Once the bid reaches the top of the quoted range ask are we on the market if not ask why your under quoting? Dw about getting the agent offside thete not on your side there on the sellers side.

[@thecamdamage]

Great first advice Clarence thanks so much for your wisdom I have a large body count

[@andrewlees8162]

Great strategy Clarence. I used this approach very successfully at an Auction yesterday.. including hearing the under bidder comments you mention ...

[@ClarenceWhiteAuctioneer]

Great to hear Andrew and congratulations on the purchase.

[@theSimonPolito]

Great information Clarence

[@EstaviusMarx]

This was useful thanks

[@dougcane4059]

NO - this guy want's to panick you into bidding too much and too fast....

[@Matt-zt7rd]

Very useful - thanks Clarence.

[@ClarenceWhiteAuctioneer]

Very welcome

[@Sabri7Sabri]

If there are two auctions for two adjacent properties, happening at the same time (same vendor) first auction will be for our preferred property out of the two, which is is likely to go for more. What’s the best strategy to approach this. I don’t want to give away my limit if I lose out on the first property.

[@ClarenceWhiteAuctioneer]

It would be a very observant agent to make a mental note of the figure at which you dropped out on the first one (if indeed it does go beyond your budget). With all the moving parts operating during an auction I would be surprised if an agent remembered the exact figure you dropped out. And if they did, so what? Just because you have x amount to spend doesn't mean you are willing to spend it on both homes. You may view the two homes differently and value them differently. That's your prerogative. If this was a major concern for you then you could pause your bidding below your max budget on the first one and see what others do. If others continue bidding and it sells above your budget then you have not given away your budget by approaching it this way. However if it looks like it might sell within your budget then I guess you really have to put your hand up at that point because you want to buy it right? So don't miss out on the first one because you are trying not to give your cards away on the second one. That would be self-defeating. Try and buy the home you really want to buy. Honestly I would not worry too much about this. No one can force you to pay anything you are unwilling to pay on auction day. So set yourself a limit on each home and bid within your set budget according to how you think will best help you buy a home.

[@Sabri7Sabri]

@@ClarenceWhiteAuctioneer amazing, that helps a lot! Appreciate the time you took to write this as well. We have been watching all your videos. Absolute gem!

[@mill8722]

Fingers crossed we get our first home!!

[@Freestyle80]

lol this is so manipulative, you are encouraging people to go beyond their means and get stuck with a house/unit they'll struggle to pay back.