Tip for buying at Auction

As a buyer its easier to negotiate the terms your want, a few days before the auction. For example, you ask the selling agent "will the owner take a 90 day settlement".  The agent will always invariably encourage the owner to accept your terms as this adds more competition to the auction.  Note that this may not be anounced at the auction as the owners may prefer a shorter settlement. This means you may be the only one bidding on your favorable terms. Harry Lew - Director Licensed Estate Agent