Auctions are a proven way of buying and selling in Australia. They can be quick and intense and both buyers and sellers need to be ready. The agent is the maestro of the whole show and will keep everything running smoothly.If you are new to auctions, understanding the agent’s role is key. This will reduce the stress of the process. An agent will guide you through the auction steps. This article will explain what to expect from an agent at an Australian auction.

Pre Auction Support

Before the auction the agent plays a big part in preparing both buyers and sellers. For sellers the agent organises the property preparation process for auction. They arrange inspections to make sure everything is ticked off. Setting the auction date becomes part of their job. Agents will guide you on how to present the property. They may recommend minor repairs or improvements to make the property more attractive and valuable.For buyers the property agents in Brighton will guide you through the auction process and help you develop a bidding strategy. They may suggest a bidding range based on the market and comparable properties. For buyers new to auctions the agent will explain the terms like reserve price, bid increments and what happens if you win or lose the auction.

Brighton agents will help buyers with the paperwork, including finance pre-approvals. They will guide you through the process to make sure all the documents are complete. Recommending inspections before the auction is another part of the job. These inspections will identify any issues with the property. This will have both buyers and sellers ready and informed for the auction.

Auction Day – The Day of the Event

On the day of the auction the agent’s role becomes more hands on. When representing the seller the agent will turn up early to make sure everything is in place. They will work with the auctioneer to make sure everything runs smoothly and all the legal documents are in order. They will chat to potential bidders to gauge their interest and encourage them to bid. Any last minute issues or concerns will be sorted out quickly to avoid any hiccups.For buyers the agent will turn up before the auction to finalise the advice, reassure and go through the bidding process again. The agent will be there to answer any last minute questions and be with the buyer throughout the auction if it’s their first time.

During the Auction – Bidding Process

As the auction starts the property agent becomes more involved in the bidding process. For sellers the agent works closely with the auctioneer to communicate the seller’s expectations and strategy. The agent’s job is to get the highest price possible by watching the bidding closely and encouraging certain bidders to go higher. But it’s the auctioneer who calls the bids and runs the auction.For buyers the agent’s role is more of a support act. While the auctioneer is calling the bids the agent watches the bids and advises if the buyer is unsure of how much to bid. The agent also looks for signs the bidding is slowing and helps the buyer see an opportunity to act.

Throughout the auction the agent keeps their client informed of the current bid and any updates. They may also act as a go between the buyer and the auctioneer to keep the communication smooth.