Starting High at Auction

Starting higher at auction is a riskier strategy. It helps you control the tempo of the auction, so you don’t get caught up in emotions.

You must know precisely what the property is worth to you and don’t go over it Your numbers have to add up… 

By starting high, you’re disrupting the natural order of things. You will take your competition out of the running.

And that’s where the key to this technique comes in.

You have to know your numbers inside and out. That means you have to know exactly how high you’re willing to go before you have to pull out.

This technique means you’re heating the auction right up. But avoid becoming swept up and bidding more than you should.

Always pull out if the other bidder goes past your limit. Just remember that you’ve done the numbers and they’re overpaying.

At Investors Choice Mortgages, we want to help you get in a house in one year and turn it into an investment property in two.

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