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Updated about 18 years ago on . Most recent reply
Bidding method ?
Hi,
Has anyone ever won a bid at a auction using this method ?
House is worth 280,000
Lets say bidding would normally start at 120,000
But you " the smart bidder " starts it off at 175,000 to "scare" enough people at the auction but low enough to acquire the property at a price that makes sense and will potentially make you money ?
( I know there are a lot of variables in this example but I'm more interested in the " mind set " of people )
Has anyone ever done this before ?