Top tips on winning a real estate bidding war
Strategy can outmanoeuvre buckets of cash in real estate property sales.
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Delivering the knockout bid in tightly fought residential auctions sometimes requires tactics as much as money, say veteran property buyers.
A bucket of cash will win seven times out of 10, they claim. But for other auctions, the winning mix will be a combination of style, guile and savvy use of a smaller pile of savings.
‘You need to assert confidence, put the other bidders off their game and be ready to apply some intimidation,” says Cate Bakos, a buyers’ agent.