Craig

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Good morning, Craig.

How you doing?

Yeah, I mean, I have to admit we were in this space too.

I think it took us four auctions before we finally bought our first house in Sydney about four years ago.

But we went to three auctions, went into three auctions.

I'd say completely unprepared in terms of realistically understanding how much budget we needed to have or how much stretch our budget, you know, until finally the budget and the auction price kind of coincided and allowed us to finally nab that actual purchase.

But yeah, it's definitely not first time lucky for most people going to auctions.

No, you know what?

So it was a new house we were bidding for in Newtown.

It came down to two bidders, us and another family, both first time buyers bidding.

And actually we won the auction, but it was passed in.

So they refused to sell at that price point, even though it was well above the asking price.

This is the way the real estate agents kind of get us by giving a false asking price that's actually way above what the seller expects.

So we had to go into negotiations and we ended up agreeing to pay a few thousand more than the peak of the auction price.