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.🎟️ Join us live at the Property Developer Show as we tour different cities across the UK in 2026! Don’t miss out on this incredible opportunity to connect, learn, and grow within the property development community.Register for free tickets at: https://propertydevelopershow.co.uk🏡 Partner offers for property entrepreneurs:GoHighLevel: 30-day free trial:Your all-in-one CRM and automation hub to manage deal pipelines, client communications, handle follow-ups and help you simplify your process: https://www.gohighlevel.com/property-developer-show Property Filter: 8-day free trial + 50% off your first month:Find motivated sellers, spot profitable deals fast, and get ahead of your competition: https://register.property-filter.co.uk/PDSCOHO: Compliance, rent, maintenance and tenancy management in one platform: https://coho.life/management/property-developer-show 📱 Property Developer Show:https://instagram.com/propertydevelopershow/https://tiktok.com/@propertydevelopershowhttps://linkedin.com/company/property-developer-showhttps://facebook.com/propertydevelopershow00:00 Coming up00:17 The 1 star review04:02 First auction? What to watch out for05:09 Property Developer Show05:35 Biggest auction mistakes buyers make13:55 Property trading   18:20 How Prime Property Auctions all began 20:26 Scaling the business 26:38 Property vs business33:05 GoHighLevel34:17 Cont: Property vs business42:31 Advice from an auctioneer Property Developer Show ©️ serves solely as a podcast platform. The perspectives and opinions presented by our guests, sponsors, and third-party contributors are independent and do not represent our own views, nor should they be considered as investment advice. We do not provide guidance on investment strategies for individuals or organisations. It is recommended that all investment decisions be approached with caution under the supervision of professional advice. Some episodes, descriptions, or related content may contain affiliate links. If you choose to use these links, Property Developer Show may earn a commission at no additional cost to you. Property Developer Show is a trading style of Voxity Media Ltd. ©️ 2025 Voxity Media Ltd.