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Marston Property are conveniently located right in the heart of
the city.
However we have several locations where we conduct our Auctions:-
- On-Site
- Convenient City Auction Rooms
- The Double Bay Auction Centre located at - 26 Cross Street,
Double Bay
HOW TO BID SUCCESSFULLY AT AUCTION
- Attend similar auctions in the weeks leading up to your auction
to better understand the system. It is not in your best interest
to be a complete novice at the auction during which you plan to
make a purchase commitment.
- If the auction is to be conducted "in rooms" locate the venue
and any transport or parking facilities well before the auction
date. This will avoid last minute stress and the possibility of
missing out on the property that you, are wanting, to purchase.
- Arrive early and relax. If you need help bring along a relative
or a friend to bid on your behalf. They will have to sign prior
to the auction an "authority to bid" on your behalf.
- Establish a limit of how much you are willing to spend on the
property.
- Get a feel of the bidding process before you start.
- Know what is happening around you. Don't hide otherwise the
auctioneer may miss your bid.
- Bid strongly and with confidence. This displays to others you
are serious about buying.
- Bid quickly, if you hesitate others will think it's your last
bid, encouraging them to keep going. Likewise underbidders should
realize that others bidding quickly and aggressively, are trying
to scare you off.
- Start bidding when the figure is below or within your price
range. Don't be shy about opening the bidding at a figure to suit
you, don't back until the last minute bid. You should participate
or otherwise you may miss out.
- The auctioneer will set the bidding increments, depending on
the bracket of the property. Bid in these increments if you can
and don't raise the price unnecessarily.
- If you have been advised to not bid until the auctioneer announces
that the property is now "on the market" you have been advised
incorrectly. A professional auctioneer will not say this as the
terminology is wrong. The property has been on the market from
the moment the signboard was erected.
- When the bidding slows or stops at a figure acceptable to the
vendor the auctioneer will announce that the property is to be
sold. As a precaution and to assist the bidders, the auctioneer
will give the first call and repeat the price, then a second call
repeating the price and again a third and final call confirming
that the property is to be sold. The auctioneer then brings the
gavel down "Sold".
We trust these details are of benefit to you and wish you every success
when bidding at auction. |