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Didn’t win the auction?
Didn’t win the auction?
Losing an auction and missing out on a great property can be extremely disappointing. Some people may shed a tear, or decide that buying a property is more hassle than it’s worth, but it’s important to step back and look at the big picture.
If you found your dream property, and then missed out at auction, it’s easy to think that you’ll never find a property like that again.
But each property has its pros and cons, and missing out on one can give you an opportunity to find something just as good, or even better.
Here are a few positive things to keep in mind if you lose at an auction.
You stuck to your limit
Losing at an auction means that another bidder had more cash at their disposal or that they go overexcited, went over their budget and overpaid for the property.
You can rest assured that you didn’t over pay because you stuck to your budget.
You gained valuable experience
Every time you attend and auction, you are better prepared for the next. No one wins every auction so you should view them ... more

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