House, land and foreclosure auctions can be one of the most nerve-wracking ways to buy a property. However, if you prepare yourself with proven bidding tactics, auctions can be a great way to purchase your dream home at a competitive price.
If you’re in-it-to-win-it, familiarize yourself with these top three tips and tricks before attending a real estate auction.
Give The Right Impression
While you may not have control over what other bidders are willing to pay for a property, you do have some control over their perception of whether or not bidding against you is worthwhile. Come well-dressed and maintain a confident demeanour to give the appearance that you are a serious buyer, one whom ‘the other guy’ likely can’t out-bid.
To enhance this appearance, do not make an offer right away. Wait until the bids have reached approximate 80% of your maximum price and then join in, as it will knock out the bargain hunters. A big first bid can be intimidating to others, making them question whether they stand a chance against you. Following bids should be made quickly and confidently to send the message that you are the person who will be closing this deal.
If you are extremely anxious to place bids, consider hiring a professional bidder to do the work for you. A seasoned pro will be able to maintain their cool while placing bids strategically to maximize your chances of getting the property you want at the price you want.
Know Your Limit
Never go into an auction without knowing your absolute limit. If you are emotionally invested in the property it is best to write your limit somewhere on the inside of your hand, so that you are forced to remember it when you’re tempted to exceed it.
In terms of setting a limit, pick a figure that isn’t rounded. Many buyers will set limits such as $500k or $1.2 million, and will drop out after these round figures have been reached. If your limit is $515k or $1.25 million, you will have an extra cushion than may just barely outbid your rivals – and that’s all you need to win.
Ask The Hard Questions
Do your research beforehand and ask the auctioneer about the property’s flaws. Questioning whether the deck is up to code or whether there is still a possibility of road widening could make other bidders second guess the property and drop out before bidding has even begun.
Ready to blow the competition out of the water? Make sure you are completely prepared for an auction, contact me today – J.P. Cook – 602-320-4253.
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6008 E Lone Cactus Drive
Phoenix, AZ 85054
$1,298,000
5
Beds
4
Baths
3,487
SqFt
Status
Active
MLS #
6751191
Property Type
Single Family Residence
Price Type
--
Fall in love with this exquisite home in the desirable Talinn Community! This incredible residence showcases captivating stone accents, a convenient 4-car tandem garage, and a welcoming front porch that invites you to explore further. Step inside to be greeted by a grand hallway that leads to an open-concept living area. This space is beautifully enhanced with soothing paint tones, tall ceilings, wood-plank tile flooring, elegant recessed lighting t/out, and multi-sliders to the back patio. The stunning kitchen is fully equipped with a gas cooktop, a wall oven, quartz counters, a stylish tile backsplash, and two islands, one with a breakfast bar. A walk-in pantry and white shaker cabinetry with crown molding for ample storage space. Versatile den for a home office or a creative studio! Discover a sizable loft upstairs, perfect as a cozy family room or an additional entertainment area. Escape to the romantic main suite, where natural light pours in, creating a serene atmosphere. The ensuite is a luxurious retreat featuring dual vanities, a soaking tub, a glass-enclosed shower, and a spacious walk-in closet. The secondary bedrooms are thoughtfully designed with a Jack & Jill bathroom, providing privacy and practicality. The large backyard is your oasis, complete with a covered patio, pavers, low-maintenance artificial turf, and a children's playgroundexcellent for hosting fun-filled gatherings. This home is a must-seedon't let this opportunity slip away!
7127 E Rancho Vista Drive Unit 2001
Scottsdale, AZ 85251
$1,298,000
3
Beds
2
Baths
1,781
SqFt
Status
Active
MLS #
6745250
Property Type
Apartment
Price Type
--
Exceptional turnkey FULLY FURNISHED 3 bedroom/2 bath second floor corner unit offers spacious, open floorplan. Kitchen and living room overlook wrap around terrace with bbq and outdoor seating. Dual sliding glass doors ideal for luxurious resort style living and entertaining both inside and out. Master suite offers spa-like bathroom complete with bidet and walk-in closet. Two secondary bedrooms and two assigned parking spaces with (1)battery trickle charging station in secure garage. Prime location walking distance to restaurants and Scottsdale Fashion Square. Endless community amenities including indoor and outdoor pools and spas, putting green, racquetball and basketball courts, fitness center and so much more. You will feel like you are on a never ending vacation! Welcome Home!
588 E Peach Tree Street
Queen Creek, AZ 85140
$1,297,900
2
Beds
2.5
Baths
2,367
SqFt
Status
Active
MLS #
6733421
Property Type
Single Family Residence
Price Type
--
This Palermo floorplan creates the perfect indoor and outdoor space. The expansive kitchen with its large center island is a chef's dream, providing ample space for culinary creations and gatherings. This home offers a spacious primary suite, ensuring both comfort and privacy. The thoughtful addition of a ''smart space'' housing laundry facilities and cabinetry further enhances the convenience and functionality of daily living. Both bathrooms have been upgraded with tile surrounds and beautiful light fixtures. Additional features include shutters, a carpet-free environment and gorgeous views of the golf course. The secondary bedroom is also expanded for your guests. Start living the Good Life at Encanterra today!
31904 N 16th Avenue
Phoenix, AZ 85085
$1,297,500
3
Beds
3.5
Baths
3,231
SqFt
Status
Active
MLS #
6783706
Property Type
Single Family Residence
Price Type
--
UNEXPECTED MODERN LUXURY IN SONORAN FOOTHILLS! Experience sophisticated desert living in this stunning single-level home, nestled in the prestigious Sonoran Foothills gated community of Desert Trails. Enter through private, gated courtyard into an expansive layout featuring 3 spacious bedrooms, each with its own ensuite bath, plus a versatile den perfect for office or media room. Designer touches and high-end materials are showcased throughout, offering an elegant, contemporary aesthetic. Gourmet kitchen is a chef's dream, complete with top-of-the-line Wolf, Subzero & Miele appliances, unprecedented island topped with gorgeous, thick marble and dual wine fridge with 300 bottle capacity to showcase your favorite wines! Double warming drawers, built-in espresso machine and custom cabinetry/finishes. Primary suite features luxurious bath boasting spa-like shower, soaking tub, dual vanities and His & Hers walk-in closets both with thoughtful built-ins to maximize closet space. Step outside to your personal oasis...an entertainer's resort-style backyard with sparkling saltwater pool, outdoor kitchen featuring Green Egg smoker, gas BBQ, beverage coolers, side burner, prep sink & more! Full-size bocce ball court, multiple gathering areas and a cozy fireplace to enjoy the Arizona evenings. Generous side yard with raised gardens, potting bench & sitting area. Home is pre-wired for Sonos sound and features Lutron shades and highly upgraded lighting throughout. 3-car split-garage with 220amp outlet for those EV's, tankless water heater, water softener, built-in cabinets & epoxy floors. Meticulously cared for and maintained making this an exceptional turn-key property. Attention to detail abounds as this inviting home blends style, comfort, and luxury in a prime desert location.
1295 Running Elk Road
Payson, AZ 85541
$1,295,855
6
Beds
4
Baths
4,000
SqFt
Status
Active
MLS #
6730079
Property Type
Single Family Residence
Price Type
--
Welcome to 1295 S Running Elk Rd, a hidden gem nestled under the Mogollon Rim! Prepare to be enchanted by this exceptional property that combines the tranquility of a cabin in the woods with the comforts of modern living. This turn key, move in ready, spacious home boasts six generously sized bedrooms and three and a half bathrooms, providing ample space for the whole family or accommodating guests with ease. (sleeps 30-35) With over 4,000 square feet of living space, there is room for everyone to spread out and enjoy their own private retreat. The oversized covered front porch and back deck offer unparalleled mountain views and fresh mountain air. Situated on a sprawling 3.65-acre lot, this property is a nature lover's paradise. The expansive grounds back onto the national forest, offering unparalleled privacy and a breathtaking backdrop of pristine wilderness. Explore the beauty of the great outdoors right from your doorstep, with hiking trails, wildlife sightings, and several rim lakes and rivers waiting for you to explore and enjoy. Equestrian enthusiast? Bring your horses and ride for days! One of the highlights of this property is the fishing pond, providing a serene oasis where you can cast your worries away and immerse yourself in the joys of angling. Whether you're an experienced angler or simply enjoy the peaceful ambiance of a tranquil pond, this feature is sure to be a favorite among outdoor enthusiasts. For added convenience and flexibility, this property also offers potential for separate guest quarters. This property presents an incredible opportunity for multi-generational living, allowing different generations to come together and create lasting memories in a peaceful mountain setting. Considering a corporate retreat? This property would be perfect! Alternatively, it can serve as your ideal cabin in the woods, providing a sanctuary where you can escape the hustle and bustle of city life and immerse yourself in the beauty of nature. Don't miss your chance to own this idyllic retreat at 1295 S Running Elk Rd, where the serenity of the forest meets the comforts of a modern home. Embrace a lifestyle filled with relaxation, adventure, and cherished moments in this truly exceptional property. (Property has two private wells but only one is in use. The other is capped off.)
642 E Cornman Road
Coolidge, AZ 85128
$1,295,000
3
Beds
2
Baths
1,369
SqFt
Status
Active
MLS #
6726835
Property Type
Single Family Residence
Price Type
--
This property is truly a horse lover's dream with all the amenities you could possibly need. The barndominium styled home is perfect for comfortable living, while the bunk house casitas offer additional space for guests or renters. The outdoor living breezeways with a bar and fireplace are ideal for entertaining and enjoying the beautiful surroundings. The horse set up is top-notch, with 37 covered pipe horse stalls, a full-size roping arena, covered hay barn, workshop, and separate barn office. The 8 RV hookups make it easy to accommodate visitors, and the grounds keeper quarters ensure that everything is well-maintained. Don't miss this incredible opportunity to live the Yellowstone life on 17 acres of deeded & leased land w/ endless possibilities for both work and play. Contact us toda Home has new hurricane rated roof! Arena is 100x200, has newer pneumatic remote control shoots, 30 foot steel walled round pen, the barn has finished drywalled and air conditioned office, private owner tack room, All stalls are 100% covered, boarder 3 wash racks, dog kennels, boarder tack and grain rooms, mechanical shop. 14 acre turn-out as well as additional covered stalls not listed above and covered hay bays large enough to fit several squeezes of hay. Dont let this opportunity getaway the property is minutes from the freeway, in the new Pinal County Corridor of trade, business and progress, perfect for the high tech owners who want extra income, and a great work life balance.!!
8503 S 9th Drive Unit 17
Phoenix, AZ 85041
$1,295,000
4
Beds
3
Baths
3,033
SqFt
Status
Active
MLS #
6610457
Property Type
Single Family Residence
Price Type
--
Introducing Heard Farm at South Mountain, a brand new community of 24 modern farmhouses with sophisticated architecture designed for healthy, sustainable living! Nestled in South Mountain with quick access to downtown Phoenix, Heard Farm seamlessly blends indoor and outdoor living with fresh floor plans designed for the way you want to live. Option for 720 sq ft mezzanine/bedroom above garage (not included in list price.)
10 S Woodridge Way
Prescott, AZ 86303
$1,295,000
3
Beds
2.5
Baths
2,519
SqFt
Status
Active
MLS #
6706956
Property Type
Single Family Residence
Price Type
--
This high quality custom built home in the Ranch at Prescott is situated on a large corner lot. The neutral warm tones will be a perfect backdrop for anyone's personal decor. The single story residence has tall ceilings and tons of natural light. The open concept and split floor plan with a separate Office (4th Bedroom), Laundry Room, large Walk in Pantry and spacious 3 Car Garage will certainly ''check'' all of the ''boxes''. There are so many great focal points from the Fireplace in the Great Room to the generous Island and floor to ceiling Cabinetry in the Kitchen. The large Main Suite has a sitting area and fireplace with amazing views of the outdoors. The Walk in Closet and Main Suite Bath with a separate Tub and Shower is light and bright. Engineered Veneer Wood Floors everywhere exc Main Suite Closet which has plush carpeting. Bosch Appliances with a gas cooktop, Zephyr Wine Fridge and Quartz Countertops are featured in the Kitchen. Extensive covered outdoor Patio for entertaining or just sit and quietly enjoy the deer and other forest creatures that will wonder by. Entire home has a Fire Suppression System (fire sprinklers). This is a fantastic walkable location to Trader Joe's, Pine Ridge Marketplace, and Restaurants. The community of Ranch at Prescott has a Tennis Court and walking trails. There is a community Social Club that can be joined for a small annual fee and is not a requirement - just a way for members of the community to plan events together. Property Taxes are currently based on Land Value only.
22611 W Patton Road
Wittmann, AZ 85361
$1,295,000
6
Beds
3.5
Baths
4,179
SqFt
Status
Active
MLS #
6761177
Property Type
Single Family Residence
Price Type
--
Nestled just outside of Surprise in Wittmann, this exquisite custom home offers the perfect blend of luxury living and equestrian convenience. Situated on 2.5 acres of fully walled, private land, this estate is accessible via a paved main road and provides an idyllic retreat with easy freeway access. Step inside to find a beautifully remodeled kitchen (2022) that is a chef's dream, featuring a Forno 8-burner stove with double oven and pot filler, a Forno microwave/convection oven, and a spacious refrigerator—all designed for gourmet cooking and entertaining. The kitchen is complemented by dark wood-stained doors, adding to the home's warm, inviting ambiance. Outside, the property is thoughtfully designed for both leisure and practicality. Enjoy the expansive paved patio area with solar lighting for a peaceful evening outdoors. For horse enthusiasts, the second parcel boasts 3 horse stables, a round pen, and an arena, all equipped with water, fans, and high-speed internet. Additional highlights include a private well with a recently replaced pump and well box, owned and PAID-OFF SOLAR PANELS ensuring low utility costs, a gated entrance for added privacy, and a 4-car garage with an RV charging outlet. The property's central vacuum system adds modern convenience to this serene country estate. With unparalleled amenities, privacy, and high-speed internet, this property is the perfect haven for those seeking luxury and the equestrian lifestyle.
20240 E Calle De Flores --
Queen Creek, AZ 85142
$1,295,000
5
Beds
3.5
Baths
5,195
SqFt
Status
Active
MLS #
6781422
Property Type
Single Family Residence
Price Type
--
This exquisite 5-bedroom, 3-bathroom estate epitomizes luxury living. The open concept design seamlessly blends spacious living areas, accentuated by a gourmet kitchen featuring granite countertops, white custom cabinets, and top-of-the-line stainless steel appliances, including a huge double island perfect for entertaining. The entire home has been remodeled with a designer's style, ensuring every detail exudes elegance and sophistication. The main bedroom is a serene retreat, boasting a separate sitting room and private balcony. The expansive en suite bathroom offers a separate soaking tub and shower, dual sinks, and connects to a private laundry room and gym, all designed with high-end finishes. A MUST see to appreciate
3907 Gold Ridge Road
Wickenburg, AZ 85390
$1,295,000
3
Beds
3.5
Baths
2,769
SqFt
Status
Active
MLS #
6783361
Property Type
Single Family Residence
Price Type
--
This exquisite home on an oversized lot, has 3-bed, 3.5-bath, just over 2,700 sq ft, combines luxury and functionality, with the added benefit of a private casita perfect for hosting guests. Enter through a charming front courtyard featuring a stone fireplace that creates a warm and inviting entry. Inside, the open floor plan flows seamlessly from the spacious kitchen, where a large island with gleaming granite countertops and upgraded appliances offers ample cabinet space for storage. A wall of disappearing sliding glass doors connects the indoor space to the stunning backyard, enhancing the home's blend of indoor and outdoor living. The backyard is an entertainer's dream, designed for both relaxation and memorable gatherings. At its heart is an exquisite, top of the line, outdoor kitch The outdoor kitchen is complete with a high-end barbecue grill, wood-burning pizza oven, and a large flat-top stone cooking surfaceideal for everything from summer cookouts to gourmet meals. A custom pergola provides shade over the kitchen, creating a comfortable retreat on sunny days. For cooler evenings, a stone fire pit offers a cozy gathering spot, while a luxurious pool/heated spa, often referred to as a spool, invites a refreshing dip year-round. Elegant travertine tile patio flooring and low-maintenance landscaping add sophistication to the outdoor space, ensuring a beautifully kept area with minimal upkeep. The primary suite is a bright and tranquil retreat, bathed in natural light and thoughtfully designed for both relaxation and style. The spacious bedroom flows into a primary bathroom featuring a large soaking tub, dual vanities, a walk-in shower, and his-and-hers walk-in closets, providing ample space and privacy. This home balances elegance with comfort, seamlessly extending the living space into a remarkable outdoor oasis.
10233 E Caron Street
Scottsdale, AZ 85258
$1,295,000
4
Beds
3
Baths
3,280
SqFt
Status
Active
MLS #
6784561
Property Type
Single Family Residence
Price Type
--
Excellent opportunity to make this spacious 4bed/3bath+ bonus, situated on an approximately 1/3 acre lot in coveted Scottsdale Ranch your new HOME! Move in as is, or reimagine and personalize!
