Should I set a limit at auction?

Yes, its a good idea to set your limit before the auction and stick to it! A good idea is to pick a rough number as your limit. Say you are approved to buy up to say $1,200,000 but you don’t want to quite go that high you could make your limit say $1,182,000. You may be lucky and knock out a few other buyers with limits of $1,175,000 or $1,180,000 for example.