{"id":7281,"date":"2017-11-29T02:00:32","date_gmt":"2017-11-29T02:00:32","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/how-to-bid-at-auction-over-the-phone\/"},"modified":"2017-11-29T02:00:32","modified_gmt":"2017-11-29T02:00:32","slug":"how-to-bid-at-auction-over-the-phone","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/how-to-bid-at-auction-over-the-phone\/","title":{"rendered":"How to bid at auction over the phone"},"content":{"rendered":"

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Mobiles are ubiquitous in modern life, so it\u2019s not unusual to see someone bidding at an auction on one. <\/strong><\/p>\n

But how exactly do would-be buyers bid over the phone?<\/p>\n

David Holmes, LJ Hooker\u2019s national auction manager, says while it\u2019s \u201calways preferable\u201d to bid at auctions in person, if it\u2019s impossible due to geography, work commitments or even nerves, phone bidding is a viable alternative.<\/p>\n

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Bidding over the phone is now commonplace. Picture: Getty<\/p>\n<\/div>\n

He says the practice is now commonplace in the industry, but not necessarily growing in popularity.<\/p>\n

Holmes explains the ins and outs of bidding over the blower.<\/p>\n

How do you bid via phone?<\/span><\/h2>\n

First, check it\u2019s even an option.<\/p>\n

Before auction day, ensure the vendor, agent and auctioneer are comfortable with taking bids over the phone, he says, as it\u2019s not a given it\u2019s available.<\/p>\n

Next, think about paperwork.<\/p>\n

In most states and territories, all bidders must register and extra paperwork may be required for phone bidders, Holmes says.<\/p>\n

\u201cWe ask bidders to sign a form nominating a stand-in to bid on their behalf prior to the auction, normally it\u2019s a trusted friend,\u201d he says.<\/p>\n

It\u2019s also possible to nominate an agent, he adds.<\/p>\n

When it comes to the mechanics of bidding, a phone bidder is treated like any other, Holmes explains.<\/p>\n

Bidding by phone best suits buyers who are:<\/h2>\n