100 Probert Street, Newtown
How TBAS® helped first home buyers understand the property’s value, set their auction limit and bid with confidence.
First Home Buyers • Price Analysis • Auction Bidding
The Brief
The clients were first home buyers interested in purchasing 100 Probert Street, Newtown.
Like many buyers approaching an auction, their biggest questions were what the property was really worth, how much they should be prepared to pay and how to approach the bidding on the day.
They engaged TBAS® for independent advice before the auction and professional representation when the property went under the hammer.
The Challenge
Auction price guides do not necessarily tell a buyer what a property will ultimately sell for.
The clients needed to understand the likely market value of 100 Probert Street before deciding how far they should be prepared to go at auction.
They also wanted to avoid making emotional decisions under pressure, particularly when competing against other buyers in the fast-moving auction environment.
Our Strategy
Before auction day, Rodney McLoughlin reviewed the property and relevant comparable sales to form an independent view of its market value.
This analysis helped the clients establish a clear bidding limit based on the property and the market rather than relying solely on the selling agent’s price expectations.
Rodney then developed an auction bidding strategy around that limit and represented the clients at the auction, allowing them to step away from the pressure of bidding themselves.
The Outcome
TBAS® successfully represented the clients at auction and helped them secure 100 Probert Street, Newtown.
Instead of entering the auction uncertain about price or reacting emotionally to competing bids, the clients went in with an independently researched value, a predetermined limit and a clear strategy.
They walked away from the auction as homeowners, having secured their first property with experienced representation on their side.
Why It Worked
Know Your Price Before You Raise Your Hand.
TBAS® can independently assess the property, help establish your bidding limit, develop an auction strategy and represent you when the bidding begins.