Although an auction can be intimidating, it can often be a valuable method of purchase. Personally, I love auctions, the atmosphere and the excitement on the day is amazing.
Some tips from me to you:
- On arrival make sure you get registered; you’ll need to bring photo identification (eg. Drivers licence or passport) and an eager attitude.
- If you’ve never been to an auction before, be sure to attend one before the day to have an understanding of the process.
- Take advantage of the open homes, these are your opportunity to scope out the house and ask the agent any questions.
- Be sure to review the building & pest inspection reports before auction day.
How To Bid:
- Make sure you can be seen by the Auctioneer, don’t hide away at the back!
- Hold your number up high and have a clear, loud voice.
- You can call out exact amount “$650,000” or can increase the amount “another $50,000”.
- Bid with confidence – show the competition how interested you are. Have your financed pre-approved · Ensure all your finances are pre-approved. · Buying a home at an auction means the sale is unconditional, which is different to buying a home through other methods of sale – there is no cooling off period. · At auction you will need to have up to 10% of the purchase price ready to go at the fall of the hammer. I hope this was helpful and informative... if you’re looking to test out these new auctioning skills check out our current listings here https://rossbischoff.com/for-sale
Finances
- Ensure all your finances are pre-approved.
- Buying a home at an auction means the sale is unconditional, which is different to buying a home through other methods of sale – there is no cooling off period.
- At auction you will need to have up to 10% of the purchase price ready to go at the fall of the hammer.
I hope this was helpful and informative... if you’re looking to test out these new auctioning skills check out our current listings here https://rossbischoff.com/for-sale