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In this episode of the Get Keen Podcast, host Dan Lee, founder of Plum Property, delves into the intricacies of the auction process in Queensland. He emphasizes the importance of having a third-party perspective for property owners, especially when facing the reality of auction outcomes. Dan discusses the dynamics of auction day, highlighting the significance of the energy an auctioneer brings to the event and how it impacts bidder engagement. He also touches on the challenges of providing price guides due to legislative restrictions and the unpredictability of property values. Tune in to gain insights on navigating auctions effectively and enhancing your real estate career.

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https://www.youtube.com/channel/UCbVdJyrv-kOcdd7QIyvnzHw

Timestamps

[00:00:00] - Introduction

[00:00:18] Auction strategy insights.

[00:06:17] Team environment in auctioneering.

[00:08:36] Individual styles in auctioneering.

[00:12:18] Buyer and seller behavior.

[00:16:00] Stressful moments in life events.

[00:18:45] Auction as a selling method.

[00:20:36] Auction versus private treaty debate.

[00:25:26] Upsides of running an auction.

[00:27:24] Auction horror stories.

[00:30:49] Bidding disputes at auctions.

[00:35:10] Auction campaign communication strategies.

[00:39:27] Quality over quantity in bidding.

[00:41:17] Agents and price conversations.

[00:45:15] Anchoring in real estate pricing.

[00:48:09] Willingness vs. capability in agents.

[00:50:01] Communication in auction success.

[00:54:23] Transparent auction platforms.

[00:55:30] Community of forward thinkers.