Buying a home at auction can be one of the most stressful ways to purchase a property. Auctions are totally unpredictable: you never know how many people are going to be there; how many will register to bid; how many will actually bid; and how deep their pockets are.
Compounding the issue, most home buyers have very little experience with buying at auction, and nerves can run very high. It comes as no surprise that the majority of people who try to buy a home at auction miss out.
Faced with a dilemma: do we increase our budget or do we stop bidding - many people choose the former. The results of this can be disastrous.
Bidding at auction on behalf of a client is a very different experience. Removing the anxiety, emotion and excitement, and focusing more on an agreed and explicit upper price limit and budget, a buyer's agent confidently and skillfully knows when and how to bid, how much to increase the bid by as to not over-pay, and perhaps, when to walk away. If you keep missing out at auctions, consider using a buyer's agent such as Melissa Maimann Buyer's Agent. Auction bidding services are well-priced, and a flat fee ensures that you know ahead of time what the fee will be - no surprises.