Upcoming Auctions

Buying At Auctions

How To Successfully Bid At Auctions

Auctions do not need to be a scary experience.

An auction is beneficial to both parties, the buyer and the seller. The vendor is motivated and ready to sell, otherwise they would not be having an auction.

Things to do pre auction to ensure your success

  • Inspect the property
  • Inspect again, bring tape measure and work our where your furniture will fit
  • Get a contract forwarded to your solicitor
  • Arrange pest and building inspection
  • Ensure your finance is in place
  • Ensure you have sufficient deposit available
  • Special settlement conditions if necessary must be discussed by your solicitor with the vendors solicitor, and agreed to by all parties in writing prior to bidding (only if your needs vary from the proposed terms)
  • Register interest with agent and register to bid
  • Set a lower and upper limit

Things to do at auction to ensure your success:

  • Get to auction with plenty of time to spare
  • Bring cheque book and identification
  • Be a willing participant
  • Remember it does not matter where the bidding starts
  • Bid first - you will have the upper hand and be leading from the front
  • When other parties join - top their bids quickly and confidently
  • Bid within your set limits

Should the bidding not reach reserve price the property will be passed in to the highest bidder, giving them the first right to negotiate.

Good Luck

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Auction Schedule

Address Auction Date & Time bedrooms bathrooms car parking Type
Newport 177a Barrenjoey Road Saturday 25th Feb 2012 at 3:00PM
 4 2 2 House
Mona Vale 9 Illaroo Place Saturday 3rd Mar 2012 at 12:00PM
 3 2 2 Townhouse