- Attend previews or open houses.
- Inspect what is being sold.
- Communicate to auctioneer your needs or requirements. They can help you.
- Ask questions and get answers.
- Arrive early at auction events.
- Register and get on mailing and e-mail alert lists for future auctions.
- Read rules and terms of auction.
- Check out inventory and late additions.
- Call a friend, if you see something they should buy.
- Look over the bidding competition.
- Investigate condition and suitability of object or property.
- Appraise its value to you.
- Will an item fit and go with your other décor? Or, can you buy it and resell it for a profit?
- What can you add or change to improve your yield?
- On real estate, estimate potential future income and expenses to arrive at net operating income.
- Is there hidden value or demand others won’t see?
- Can it be subdivided?
- Develop an exit plan with a specific holding period in mind.
- What is Plan B, if things don’t work out, as anticipated in Plan A?
- Set limits and be prepared to exceed them, if your heart is set on being the winning bidder.
- Be aware that some of the best real estate buys are at public auctions. Liens and lien holders, sometimes prevent the most motivated sellers from offering properties at Absolute Auction.
Please feel free to contact the RE/MAX 100 Auction Team for a relaxed, confidential, exploratory discussion of our unique auction services and your possible auction needs.
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