4 TIPS FOR BIDDING AT AN AUCTION

4 TIPS FOR BIDDING AT AN AUCTION

1️⃣ ALL BIDS ARE REAL AT BARFOOT & THOMPSON

🚫There is no vendor bidding allowed.

Particularly Important for:
📞 buyers bidding by phone,
🌍 buyers with limited English, or
👴 those hard of hearing.

👉 "Every bid is a real bid. You can trust the process — and bid with confidence."


2️⃣ DON'T WAIT — BID!

🤚 If no one bids, the property may pass in.

• If it passes in:

  • You may be up against additional, CONDITIONAL buyers, or

  • End up in a MULTI OFFER where you don’t know the other offers.

👉 "You’re here to buy the house. Be the one who starts — and finishes the bidding."


3️⃣ HIGHEST BIDDER ≠ EXCLUSIVE RIGHTS

⁉️ If the property passes in, the vendor can negotiate with ANYONE.
✒️ There is no legal or moral obligation to deal with the highest bidder.

👉 "If this is the one, bid like it. Don’t risk missing out by waiting for the ‘after chat’."


4️⃣ BID WITH STRENGTH (AGGRESSIVELY)

🐌 Slow, hesitant bidding = fuel for your competitors.
⚡ Fast, confident bids can psych out your competition.

👉 "Surprise everyone by bidding like you’ve got deep pockets. Then stop suddenly when you hit your limit."

Following these 4️⃣ points can give you your best shot at owning the property

Best for the weekend...