Bidding at Auction
House Search offers an auction bidding service to take the stress and emotion out of purchasing property at auction. This service can save you money by using an impartial licensed buyers’ agent who is familiar with auction tactics. It also serves to remove the pressure that often accompanies auctions and causes overbidding to occur.
We develop a clear auction strategy with you before the auction day and decide on a maximum purchase price. This service also includes any negotiations should the property be passed in.
Fees
For our Auction Bidding service we charge an auction attendance fee of $330 (inc GST). If our bid is successful at the auction, we charge a standard total success fee of $1100 (inc GST). Should the bid be accepted and the property acquired, the retainer fee is then rebated from the success fee, with the remainder ($770) then payable upon exchange of contracts.