Bidding Customs at a Property Auction in the UK

Auctions of all types can be very exciting events. A property auction, particularly, many times provokes forceful bidding among the potential purchasers. Without some careful organization, the procedure can become confusing, many times because the people making bids at UK property auctions do not recognize that there are proper manners to be followed as far as the way they behave at a property sale auction. Here are a few simple guidelines for polite bidding at property auction sales.

Property Auctions in the UK : Don’t Bid Blindly

Examine the property completely before the bid offers at the property sale auction begins. Whatever important inquires you have, find out the answers during the investigation rather than the auction itself. You need to have all information ready; this includes knowing exactly what you are prepared to offer at a residential property auction prior to going to the auction. Upon arrival, make sure to get registered. Whenever you are given your paddle or card, sit down and stay put. You may set your cell phone on the vibrating mode, but don’t turn it on and don’t talk on the phone at an auction as it could interfere with other people attempting to bid.

UK Property Auctions : When Bids are Being Placed

Bid assertively and be sure to hold your card or paddle where the auctioneer can see it. No longer is it acceptable behavior at an auction to signal a bid by a hand gesture like wiggling a finger or touching your nose. Screaming your bid or a mere head nod would also be considered inappropriate etiquette. The auctioneer should not have to decipher cryptic signals from you or any other bidder. Another tip is that when you raise your card or paddle you should hold it close to your face, since that’s where the auctioneer is likely to be looking. When it is time to stop your bidding, lower your paddle in a manner that the auctioneer will not be mistaken about what you are doing. Also, know that talking during real estate auctions is considered bad form.

Property Auctions :

If you follow these easy and reasonable rules it will make this UK property auction encounter both pleasing and favorably profitable.