Making a pre-auction offer is a strategic move that can secure a property before competition intensifies on auction day. But it needs to be done right.
A successful pre-auction offer must be compelling enough for the vendor to forgo the potential upside of auction competition. This typically means offering at or above the expected auction result, with minimal conditions and a quick settlement.
Timing matters too. Too early and the agent hasn't built enough buyer interest to justify recommending your offer. Too late and the vendor is committed to the auction process. The sweet spot is usually 5-10 days before auction, when the agent has a clear picture of buyer interest and can accurately advise the vendor on your offer's merits.