The £25,000 Auction Mistake! What Buyers Must Know Before Bidding | Ep 92: Luis Guarin

Luis Guarin, owner of Prime Property Auctions, joins us to share what every buyer should know before stepping into property auctions. Having sold over 600 lots, Luis breaks down the biggest mistakes first-time bidders make, from ignoring legal packs and hidden costs to misunderstanding insurance liability and bidding strategy, plus why some of the best deals come from simply making the offer, even if it feels cheeky. A practical episode packed with real examples, cautionary stories and the trip hazards that can cost buyers thousands.

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00:00 Coming up
00:17 The 1 star review
04:02 First auction? What to watch out for
05:09 Property Developer Show
05:35 Biggest auction mistakes buyers make
13:55 Property trading   
18:20 How Prime Property Auctions all began 
20:26 Scaling the business 
26:38 Property vs business
33:05 GoHighLevel
34:17 Cont: Property vs business
42:31 Advice from an auctioneer 

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