{"id":1390,"date":"2016-01-23T15:50:44","date_gmt":"2016-01-23T07:50:44","guid":{"rendered":"http:\/\/people.utm.my\/noorsidi\/?p=1390"},"modified":"2016-08-19T21:12:47","modified_gmt":"2016-08-19T13:12:47","slug":"11-auction-tactics-to-knock-out-the-competition-7","status":"publish","type":"post","link":"https:\/\/people.utm.my\/noorsidi\/2016\/01\/23\/11-auction-tactics-to-knock-out-the-competition-7\/","title":{"rendered":"Question the agent as to how many contract requests and building reports have been commissioned"},"content":{"rendered":"<p>7. Question the agent as to how many contract requests and building reports have been commissioned. If it\u2019s likely there will be a lot of competition, wait for someone to make a low bid before placing a higher one about $10,000\u2013$20,000 below your estimated reserve price. For example, if the agent is quoting $270,000 plus and someone opens at $250,000, you should increase the bid to $300,000 to show you mean business. This also cuts out the bargain hunters, as even lower bidders can get emotional and increase their bidding levels \u2013 which has a snowball effect of increasing everyone else\u2019s budget.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>7. Question the agent as to how many contract requests and building reports have been commissioned. If it\u2019s likely there will be a lot of competition, wait for someone to make a low bid before placing a higher one about $10,000\u2013$20,000 below your estimated reserve price. For example, if the agent is quoting $270,000 plus &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/people.utm.my\/noorsidi\/2016\/01\/23\/11-auction-tactics-to-knock-out-the-competition-7\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Question the agent as to how many contract requests and building reports have been commissioned&#8221;<\/span><\/a><\/p>\n","protected":false},"author":18926,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1390","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/people.utm.my\/noorsidi\/wp-json\/wp\/v2\/posts\/1390","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/people.utm.my\/noorsidi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/people.utm.my\/noorsidi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/people.utm.my\/noorsidi\/wp-json\/wp\/v2\/users\/18926"}],"replies":[{"embeddable":true,"href":"https:\/\/people.utm.my\/noorsidi\/wp-json\/wp\/v2\/comments?post=1390"}],"version-history":[{"count":0,"href":"https:\/\/people.utm.my\/noorsidi\/wp-json\/wp\/v2\/posts\/1390\/revisions"}],"wp:attachment":[{"href":"https:\/\/people.utm.my\/noorsidi\/wp-json\/wp\/v2\/media?parent=1390"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/people.utm.my\/noorsidi\/wp-json\/wp\/v2\/categories?post=1390"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/people.utm.my\/noorsidi\/wp-json\/wp\/v2\/tags?post=1390"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}