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Veronica Morgan

๐Ÿ‘ค Speaker
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144 total appearances
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Appearances Over Time

Podcast Appearances

Aussie Real Estate Podcast
Dangerous Auction Traps

So there's little things like that, that because they are fully aware of by reading that room, and it's what a lot of buyers don't do, the auctioneer can see everybody.

Aussie Real Estate Podcast
Dangerous Auction Traps

The buyers stand there and position themselves to watch the auctioneer.

Aussie Real Estate Podcast
Dangerous Auction Traps

They don't position themselves to watch other buyers.

Aussie Real Estate Podcast
Dangerous Auction Traps

And if you did, you actually start to see it play out sort of in 3D rather than 2D.

Aussie Real Estate Podcast
Dangerous Auction Traps

And it's funny you say that too about buyers are under the pump because I've seen buyers bid against themselves.

Aussie Real Estate Podcast
Dangerous Auction Traps

I've seen buyers lose count of where they're up to.

Aussie Real Estate Podcast
Dangerous Auction Traps

I've seen all sorts of crazy things in terms of buyers just completely getting themselves all confused.

Aussie Real Estate Podcast
Dangerous Auction Traps

So there is a lot to pay attention to, no doubt.

Aussie Real Estate Podcast
Dangerous Auction Traps

And some of those bidders that you have to be sort of mindful of, I always love the testosterone bidder is what I call it.

Aussie Real Estate Podcast
Dangerous Auction Traps

It's like the alpha male.

Aussie Real Estate Podcast
Dangerous Auction Traps

And, okay, you can get alpha females too.

Aussie Real Estate Podcast
Dangerous Auction Traps

But, you know, often you can pick the sort of they're strutting body language, but also there's certain types of bidders that actually just bid to win.

Aussie Real Estate Podcast
Dangerous Auction Traps

And the actual value of the property seems to vanish.

Aussie Real Estate Podcast
Dangerous Auction Traps

It flies out the window.

Aussie Real Estate Podcast
Dangerous Auction Traps

you know because for them it's a contest now they're a really difficult person to bid against and and i have made the mistake in previous years years gone by where i've tried to pit myself against them to to fight them but that doesn't really work and so because they just get more aggressive you know so there's there's those types of buyers you've also got the bank of mama dad buyer you know you've got dad often i'm sort of putting the finger here at the males but

Aussie Real Estate Podcast
Dangerous Auction Traps

Often it's dad trying to prove something.

Aussie Real Estate Podcast
Dangerous Auction Traps

So, you know, they're a dangerous bidder to come up against as well.

Aussie Real Estate Podcast
Dangerous Auction Traps

And then you've got the bidders that they just missed out on something else or they have just sold.

Aussie Real Estate Podcast
Dangerous Auction Traps

So there's certain people with money that burns a brighter hole in their pocket than others.

Aussie Real Estate Podcast
Dangerous Auction Traps

So these are all sort of good to watch out for.