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Making an offer before auction

Video Transcription

In the third episode of our series that looks at how auction is run, we look at the pro’s and con’s of making an offer BEFORE the auction. Other episodes cover the role of both the auctioneer and the agent, bidding strategies and lots more. The series features Phil Parker, Veronica Morgan and Matthew Hayson.

In this episode we discuss:

  • Veronica – do you always try to buy before auction?
  • Matt – how do you handle early low offers and what about higher than expected offers?
  • Veronica – do early offers normally indicate a ‘premium’
  • Matt – do you encourage buyers to make pre-auction offers

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