Tackling the Auction Game: Your Real Estate Playbook

Thinking about buying a property at auction? It’s much like preparing for the big game—strategy, preparation, and a bit of guts can make all the difference. Here’s your property auction game plan, inspired by the winning plays that help you come out on top.

Pre-Game Preparation

Just as a rugby team prepares before hitting the field, there are key moves to set yourself up for auction success.

Play One: Do Your Homework
Start by researching the property’s value. Use resources like homes.co.nz or TradeMe to check comparable sales. Order your own building report to get an expert view on the property’s condition—knowledge is power, and you want to avoid any surprises on game day.

Play Two: Secure Your Finance
Before you step up to bid, make sure you’re financially prepared. Talk to your mortgage broker or bank to get your financing pre-approved, so you can focus on the bidding, knowing your finances are game-ready.

Game Day Strategy

On auction day, confidence is key—just like facing down your rivals on the field.

Play Three: Set Your Bidding Strategy
Outline your bidding thresholds before the auction begins. Set your opening bid (typically around the CV) and determine your top limit. This keeps you grounded during the intensity of bidding, helping you play a cool, calculated game.

Play Four: Make Your Presence Known
In auctions, body language can be as powerful as words. Stand tall, use a confident voice, and show that you’re ready to go the distance. This strategy can unsettle the competition, as they see you’re prepared to make serious moves.

Ready to Score?

Auctions can be a high-stakes environment, but with a solid game plan, you can go in confident and prepared. For expert coaching through the process, reach out to Tina Lum, Licensed Salesperson with REA 2008, at 021 653 818 or tina@inspireproperty.co.nz. Tina’s experience and guidance can help make your auction day a winning play.