In this episode of One for the Money, Gianni Musumeci sits down with Michael Garofolo, a highly regarded auctioneer from Cooley's Auctions, to uncover the intricacies of real estate auctions.

Michael shares his journey from finance to auctioneering and explains various strategies that can lead to successful property transactions.

☑️ Michael Garofolo

Instagram: https://www.instagram.com/michaelagarofolo/

Website: https://www.cooley.com.au/auctioneer/michael-garofolo/

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☑️ Timestamp

00:00 Auction Strategies: Disrupting the Flow

00:24 Introduction to One for the Money

01:29 Meet Michael Garofalo: Auctioneer Extraordinaire

02:20 The Real Estate Market: Trends and Insights

03:14 Understanding Dwelling Types and Demand

07:42 Preparing for Your First Auction

13:35 Vendor Expectations and Strategies

19:15 Market Dynamics: Interest Rates and Auctions

25:21 Auction vs. Private Treaty: Which is Faster?

26:12 The Urgency of Auction Campaigns

28:02 Educating Buyers on Property Transactions

28:19 Reducing Food Waste with Marley Spoon

29:17 Researching and Understanding the Market

31:30 The Role of Solicitors in Property Purchases

32:44 The Rise of Buyer's Agents

35:01 Vendor Advocacy Explained

37:07 Current Property Market Dynamics

44:38 The Selling Process: A Step-by-Step Guide

47:09 Following Auctions Online

49:11 Connecting with Michael Garofolo

50:53 Final Thoughts and Disclaimers

Tune in to learn about the importance of attending auctions, understanding bidding techniques, and the evolving trends in the property market. But It also covers the following topics:

Auction Tips For Buyers

Auction Tips For Sellers

Buying A Home In Sydney

Buying A House In Western Sydney

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