Buying a property at auction can be an exciting experience, but it’s also fast-paced and often intimidating. The competitive nature of property auctions in Perth can make it hard to stay objective and make the right decisions in the heat of the moment.
This is why using a buyer’s agent makes all the difference. At Resolve Property Solutions, we offer our clients expert auction bidding services in Perth to help you secure the right property at the right price. By removing emotion from the process and focusing on strategic guidance, we ensure you’re well-positioned to succeed at auction.
Whether you are a first home buyer or an experienced investor, our auction services will provide you with the confidence and skills to navigate Perth’s property auctions.
Why use a buyer’s agent for auction bidding in Perth?
Knowledge and research
Before the property auction, our team will do thorough research and property appraisals to determine the market value of the property and assess any potential risks. By doing so, you’ll know exactly what the property is worth, helping you avoid the risk of overpaying in a competitive bidding situation.
Emotional detachment
Auctions can be emotionally charged, especially when there is a lot of competition for the property. As the buyer, it’s easy to get swept up in the excitement and exceed your budget. Our buyer’s agents maintain emotional detachment, ensuring you stick to your financial plan and make level-headed decisions.
Bidding skills
Knowing when to bid and how much comes with practice and market knowledge. Our agents are highly skilled in reading the auction atmosphere, sizing up competing bidders and developing bidding strategies that increase your chances of success.
Stress-free experience
Whether you want us to bid on your behalf or accompany you to the auction, we’re here to reduce the stress and anxiety of property auctions. With a professional buyer’s agent representing your best interests, you can relax, knowing you’re in expert hands.
Our approach to auction bidding
Initial consultation
We start with an in-depth consultation to understand your property goals, budget, and requirements. This helps us design a customised auction bidding strategy tailored to your specific needs
Property research and appraisal
If you already have a property in mind, our team will conduct a detailed appraisal, looking at comparable sales, local market trends and the property’s potential for capital growth. We will also conduct a thorough inspection of the property.
If you haven’t yet found a property, we’ll use our market knowledge and industry connections to compile a list of suitable properties for you. Once you select a property, we’ll provide a full appraisal to guide your bidding strategy.
Pre-auction strategy
Occasionally, we may advise a client to make an offer before the auction in order to secure the property with less competition. If this is the case, we’ll negotiate on your behalf to get a successful deal.
Auction day representation
On the day of the property auction, our buyer’s agent will attend in person, either to advise you while you bid or to represent you entirely, bidding on your behalf. You don’t even need to be present at the auction if you prefer not to be—we’ll keep you informed throughout the process while remaining calm and focused, ensuring we stick to the agreed strategy.
Post-auction service
Once we’ve secured the property, we’ll handle the necessary paperwork for settlement. We’ll project manage the sale, coordinating with the seller’s agent and conveyancer. Then, we’ll be there on settlement day to see you accept the keys to your new property.
If the auction doesn’t go in your favour, we’ll continue working with you to find suitable properties.
Why choose Resolve Property Solutions for auction bidding in Perth
Local market expertise
Our in-depth knowledge of the Perth property market means we can provide you with valuable insights into market trends and opportunities.
Vast experience
Our team has a proven track record of successfully bidding at property auctions in Perth and securing properties for our clients that meet their budget and property requirements.
Strategic bidding
We use effective bidding strategies to maximise your chances of success.
Personalised services
We work closely with each client from the beginning of the process right through to settlement. We understand your needs and preferences and we tailor our approach to you.
Transparent pricing
At Resolve Property Solutions, we believe in complete transparency. We’ll discuss our fees upfront so you’re never surprised by unexpected costs.
FAQs about auction bidding
Auctions are public sales where properties are sold to the highest bidder. Before the auction begins, the seller will set a reserved price. This is the minimum sale price. The auction begins with the auctioneer listing the attributes of the property and announcing the opening bid. The price is raised progressively as the auctioneer accepts more bids.
In Western Australia, generally, at the close of the auction, a deposit of 10% of the purchase price is required to be paid when the sales contract is signed. The remainder is paid at the date of settlement.
Auction bidding carries some risks, such as overpaying in a bidding war, limited time for inspections, and uncertainty about the competition. However, with a buyer’s agent, you can mitigate these risks. We conduct property inspections, set clear bidding strategies, and handle due diligence to ensure you stay within budget and make informed decisions.
If you’re not successful at the auction, we’ll keep working with you to find other suitable properties. Our team will search for suitable properties and guide you through the auction or private sale.
While we don’t provide financing directly, we can refer you to trusted mortgage brokers and lenders who specialise in property in Perth. They can help you secure the necessary funding.
Absolutely. As your buyer’s agent, we can represent you whether you’re an international or interstate buyer. We will conduct property inspections on your behalf and represent you at the property auction in Perth, working within our previously agreed bidding strategy.
