Attending an auction can be both exciting and nerve-wracking. The pressure of the event, emotions running high, and the agent whispering, “Come on, another $1000 won’t hurt,” can all add to the intensity. Auctions are a strategic way for agents to generate demand and interest in a property, often resulting in buyers paying more than they initially planned just to ensure the hammer drops in their favour.

To help you navigate the auction process smoothly, here’s what you need to do to prepare: