All sorts of auctions can be really energetic ordeals. A property auction, specifically, can usually create competitive bidding between the participants. Without some careful organization, the procedure can become confusing, many times because the people making bids at UK property auctions fail to realize that a set of etiquette rules exist that spell out what acceptable behavior is at a property sale auction. Here are a few simple guidelines for polite bidding at property auction sales.
Property Auction in the UK : Know How to Bid
Conduct a meticulous investigation of the real estate prior to the time to bid at the property sale auction begins. Get all your essential questions answered at the researching stage and not while the auction is taking place. You should collect all your data and have a precise amount you are willing to spend at a residential property auction pretty much before you show up for the occasion. After you get there, be certain to put your name on the roll. Whenever you are given your paddle or card, sit down and stay put. Do not have your cell phone on (you can put it on vibrate) and please don’t take calls while the auction is in progress—bidders will be disturbed by this.
UK Property Auction : During the Process of Making Bids
Make forceful bids and make certain your card or paddle is held high enough for the auctioneer to spot it. No longer is it acceptable behavior at an auction to signal a bid by a hand gesture like wiggling a finger or touching your nose. Screaming your bid or a mere head nod would also be considered inappropriate etiquette. The auctioneer does not need to by trying to read mysterious signs from you or another person bidding. Another tip is that when you raise your card or paddle you should hold it close to your face, since that’s where the auctioneer is likely to be looking. Whenever you put your paddle back down to end your bid, put it all the way down so the auctioneer won’t get mixed signals. You need to recognize too that speaking in the middle of real estate auctions is bad etiquette too.
If you follow these easy and reasonable rules it will make this UK property auction experience both enjoyable and (hopefully) successful.
Watch the video related to property auctions
www.5-DaySale.com Use real estate auctions to sell your home fast; CNN Open House showcases one homeowner use the 5 Day Method or the fast action sale method to sell a home in 5 days.
Help answer the question about property auctions
Is there ANY WAY to find forclosure/property auctions without paying fees for the info?Obviously I'm not hot in the real estate business, but if I want to check out an auction and see what it looks like, what a forclosed property might look like and what the bidding might look like, I don't want to pay an "information broker" for a list that could prove useless. Any body have any suggestions?
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Hm…that you did, that you did.
Contact your county courthouse or sheriff's department and get the dates when they auction properties and tax lien's. You will probably be competing with experienced investors with lots of cash, so make sure you don't get suckered in to a bad price or house. Hopefully you will be able to get a list of the houses to be auctioned and go look at them before you bid. Good luck.