Thread: REA is up!
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Old 04-03-2010, 01:34 PM
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JP JP is offline
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No harm in sharing my bidding strategy. I look at all the lots I want, figure a final price I'm good with, subtract 17.5% BP, then subtract 20% more and then bid that price on all the lots I want...so around 70% of what I'm ok with the final price being. Then I wait and once I'm outbid on most of them, on the last day I narrow down my lots by a half and rebid on the ones I'm willing to go the extra mile with and then go to sleep that night -- the night that it closes. I never want to really OVERPAY so I often miss out on most lots. But at times my system REALLY works. The Plank I won was my 70% bid, and it never got outbid again. Other times, I end up missing out on lots with prices that in retrospect seem like incredible deals.
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