Ph: (02) 9370 56 64

Spring is hot for auctions

On Sep 01 2012
Tagged as:
  • Residential Property


If you are buying at this time of year you’ll find new life in the market as many new ...

If you are buying at this time of year you’ll find new life in the market as many new properties pop-up for auction.

If you are buying at this time of year you’ll find new life in the market as many new properties pop-up for auction.


Buying at auction means you’ll need to be familiar with the process which ultimately means you need to be ready to own your property on the day of the auction because there will be no chance to change your mind afterward as the purchase is unconditional.


This means you’ll need to be very happy this is the property you want to own, so taking the time to get familiar with it and the area before auction day is important. Your LJ Hooker agent will be able to provide you with forms specifying what is and isn’t included in the sale. You may also wish to organise a building inspection before the auction, and familiarise yourself with the property’s title and all legalities.


Before auction day you’ll also need to clarify your financial position and have any finance in place so you will be able to make that winning bid.


In order to bid you will need to register on the day of the auction, and for that you’ll need to bring identification. It’s a good idea to bring along a ‘minder’ who will help you avoid exceeding your pre-planned bidding limit.


Being the successful bidder is an exciting moment but there will still be more to do on the day. You will need to sign the contract, pay the agreed deposit, nominate your settlement agent and take out an insurance cover-note over your new property.


You’ll find more information and tips about buying at auction on ljhooker.com.au.

Subscribe to our newsletter

Please enter your name
Please enter your valid Email Address
Please checked I Agree to Terms & Conditions and Privacy Policy
Please verify that you are not a robot.