Timeshare Auctions Bidding Strategies

Timeshare auctions can be a great way to score a timeshare at a fraction of the cost. You can save some money and get a great place to vacation all at the same time. You may even be able to invest in the properties and resell them again down the road. Regardless of what you plan on doing with the properties, successfully bidding on them at the auction is important. Here are a few timeshare auction bidding strategies.

Bid High Immediately

One strategy that you could use is to bid somewhat high, right off the bat. When people bid in auctions, they tend to get emotionally involved and overpay for properties. Therefore, if you let them get started, there is a chance that they will not give up just so that they can win. If you bid high immediately, it can eliminate casual bidders from the start.

Come in At the End

The opposite to that approach is to let people battle against each other. In the end, you can come in and win the auction. Wait until you feel comfortable that the people bidding have reached their limit and then beat the last offer. You could walk away with the unit and a great price as well. 

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