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Don'T Be Afraid Of The Bidding War.
(From Hull Daily Mail)
If you feel like the bidding process will make your blood pressure rise, why not take along a sensible friend of yours to do it on your behalf.
You may be able to get your solicitor to go along and bid for you, but you will of course have to pay him for his time, whilst a friend will hopefully not charge you.
Before you start set yourself a top limit, which you positively will not exceed. It is important to be disciplined about things.
Don't worry about inadvertently bidding by way of a sneeze or yawn. Auctioneers will be looking for a hand signal from you, and if they are in doubt they will usually ask.
If you do make a bid by mistake, tell the auctioneer immediately.
Assuming that a property gets some bids, the asking price usually rises in values of GBP5000. When this amount is too much to add to the value, the increment drops to GBP1,000 and so on until there are no more bids.
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- News wire article from: Saint Paul Pioneer Press (St. Paul, MN) January 18, 2006 700+ words
...but these days the bidding war tends to occur behind...warnings. But this bidding war for Guidant is unusual...not only what the property is worth per se, but what the property is worth to you...old-fashioned bidding war never disappeared...
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- News wire article from: San Diego Union-Tribune (San Diego, CA) January 26, 2007 700+ words
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...the two-story property in the upscale...chains, won the bidding war and paid $4...fate of 10 of its properties was settled in...Rochester Hills property, but developer...the Jacobson's property gives the chain...it put several properties and leases up for...
