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How can I get a feel for what a property is likely to go for on auction day?

Posted by admin on March 6, 2019
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The sales agent will be able to give you some guidance as to where an acceptable value lies, taking into consideration the interest from other buyers, the seller’s expectations, recent comparable sales and other properties currently for sale.

It is advisable to maintain contact with the agent leading up to the auction so you are aware of any changes in what the property will likely reach on auction day. The agent will also be able to give you feedback on whether the price you are prepared to pay is within the likely selling range. When determining what you’re prepared to pay you should consider where you see value compared to other properties.

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