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PROP060 Going Once, Going Twice, Sold: Mastering the Art of Property Auctions (438 words)
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Description
This article provides some tips for anyone considering buying property at auction.
Introduction
Auctions are a high-stakes game, a blend of strategy, psychology, and luck. When multiple bidders are after the same property, it can be easy to get caught up in the excitement.
Unlike traditional real estate transactions, auctions happen quickly and can be unforgiving to the unprepared. The mix of a ticking clock and competitive atmosphere means you could either secure your dream property or, if not careful, end up making a costly mistake.
Here are a few tips to help protect you on auction day and make it an enjoyable experience:
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