The “Power Bid”: How to Intimidate Your Competition
Stop Nibbling. Take a Bite. Most amateurs bid tentatively. Current Bid: 3.0M Amateur: “3.1M” Opponent: “3.2M” Amateur: “3.3M” This “ping-pong” style keeps your opponent in the game. It makes them feel safe. It tells them, “I’m only going up a little, so you can too.” The Knockout Punch The Power Bid is when you deliberately […]
Stop Nibbling. Take a Bite.
Most amateurs bid tentatively. Current Bid: 3.0M Amateur: “3.1M” Opponent: “3.2M” Amateur: “3.3M”
This “ping-pong” style keeps your opponent in the game. It makes them feel safe. It tells them, “I’m only going up a little, so you can too.”
The Knockout Punch
The Power Bid is when you deliberately break the pattern to show dominance. Current Bid: 3.0M You: “4.0M!”
Why It Works
- Shock Value: It signals you have deep pockets (even if you don’t).
- Psychological Barrier: You just pushed the price past a mental milestone. Your opponent, who was calculating monthly amortization on 3.5M, is now scrambling to do math on 4.0M. They often freeze.
Use With Caution
Only use this if you know the property is worth it. But if you want to clear the room? Go big.
