Auction Buying

Before going to auction, do your homework on comparable past sales. Know the property's value and set a maximum price you're willing to pay. If the auction goes above your limit, the property wasn't for you—don't let emotions or the fast pace sway you.

Have a bidding strategy to instill doubt in opposing bidders. Make them think you have no budget and will buy at any cost. Start the auction with confidence by placing the first bid, showing you're serious and prepared.

Bid strongly and counter offers immediately. 

When I’m bidding at auctions, I adopt the machine gun tactic - I look at the other bidders in the eye and bid loudly to shake their confidence and more importantly place another bid straight after theirs. 

This psychological tactic works, but remember to always stick to your pre-defined maximum price, which is informed from scientific data information and analytics.