1. Skip to navigation
  2. Skip to content
  3. Skip to sidebar




Property News

Auction Action

October 01, 2011

Question: I want to bid for a property at auction. What do I need to do to get myself organised given it will be an unconditional offer?


Answer: Being well organised before auction day can make your purchase a lot more enjoyable. There are a number of things that you can do prior to the day to make the transaction go as smoothly as possible enabling you to bid with confidence. Firstly, make sure you are getting good advice. Speak to your financial institution to confirm pre approval for your finance.


If you have any queries in relation to the home, its condition, then make sure you get those concerns looked at prior to auction day. Agents should be able to arrange access to the property which will allow you to organise an inspector to review the property and provide you with a report.


Also, during the time the property is advertised prior to auction, introduce yourself to the agent, ask for the agents' instructions regarding the deposit which is required to be paid on the auction day, as well as the settlement period and any variations that you may require. There is certainly no harm in registering for the auction prior to the auction day to beat the rush. Buying at auction is a great way to go, as it's an open and transparent environment.

Latest Articles

LJ Hooker continues growth in 2014-15

Leading real estate group LJ Hooker will continue to strengthen its network in the new financial ...
read more

Housing at its most affordable

Despite price growth, housing affordability was at its best point in more than a decade during the ...
read more

Highlights of great lights

In this excerpt from his latest column for myljhooker.com.au, interior designer and judge of The ...
read more

Best start to a year since 2009

The first three months of 2014 recorded the highest number of quarterly home sales in five ...
read more

NEW FINANCIAL YEAR BUT NO CHANGE TO RATES

The Reserve Bank of Australia’s decision to keep interest rates at historic lows today is ...
read more

Minimal spend for maximum result

Recently, a landlord added an estimated $25,000 of worth to their property by constructing a ...
read more