How We Helped Sonya Get the Best Price at Auction in Kahibah

Sonya recently found the perfect apartment in Kahibah and was eager to purchase. Excitement quickly turned into worry when she realized she had never watched an auction, let alone bid at one. Unsure of how to prepare for and navigate property auctions she reached out to us for help. 

The Hurdles 

Sonya faced many challenges as she fast approached auction day. Firstly, she was nervous about the entire auction process having never experienced it before. Sonya was unsure of how the auction process unfolded and how best to prepare to purchase at auction. Sonya was also having trouble at accurately assessing the properties value in order to set a reasonable unemotional bidding limit for auction day.  

The Process 

To address Sonya's concerns and uncertainties, we developed a comprehensive auction preparation process to ensure her success. The plan began with a 30-minute auction bidding strategy meeting, where we walked Sonya through the intricacies of property auctions; gave her valuable insight and education on the auction process and helped create a tactical bidding game plan for auction day. We also provided Sonya with a framework to help her set a reasonable bidding limit based on market analysis and her financial circumstances. We also assisted Sonya with all legal and administrative responsibilities required prior to auction day. On the day Sonya was free to enjoy the excitement of auction whilst we represented her interests and bid on her behalf.   

The Result 

Sonya’s decision paid off! We were successful at helping Sonya purchase the property at auction, outbidding 5 other strong competitors. Our calculated and confident auction bidding approach allowed us to stop the other bidders prior to reaching their own limits, saving Sonya’s back pocket. Sonya walked away with the perfect villa at a fantastic price, comfortably within her predetermined budget.  

If you're seeking help from a local buyers agent with purchasing property or advice on the Newcastle market, follow us on Instagram @chamberlainbrownproperty or enquire here.