Do your research
Buying at auction can seem like a high-pressure situation to the uninitiated. By familiarising yourself with the process and the local real estate market, you’re more likely to keep a cool head on the day.
Buying at auction can seem like a high-pressure situation to the uninitiated. By familiarising yourself with the process and the local real estate market, you’re more likely to keep a cool head on the day.
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Utilise your agent
Your agent lives and breathes real estate, so they’ll be able to advise you on the auction process, and what’s expected for the property in question. It’s also a great idea to head along to a couple of auctions so you can get a feel for how they work – paying attention to terminology used by auctioneers and bidders.
Your agent lives and breathes real estate, so they’ll be able to advise you on the auction process, and what’s expected for the property in question. It’s also a great idea to head along to a couple of auctions so you can get a feel for how they work – paying attention to terminology used by auctioneers and bidders.
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Inspect the property
If you’re really keen on a place, arrange a private viewing with the agent beforehand, and get your pest and building inspections done before the big day. Having a foot in the door might even tempt you to make a pre-auction offer and beat other bidders to the punch.
If you’re really keen on a place, arrange a private viewing with the agent beforehand, and get your pest and building inspections done before the big day. Having a foot in the door might even tempt you to make a pre-auction offer and beat other bidders to the punch.