Information you need to know about buying at auction
Auctions are exciting; however, they can also be daunting for first time auction buyers. They may be held in an auction room or at the property. In South Australia you need to register with the auctioneer if you are going to bid. Bidding needs to reach the reserve price in order for the property to be sold to the highest bidder. If it does not reach the reserve price, it is still to your advantage to be the highest bidder so you have the first right to negotiate with the seller.
Tips when bidding
– Attend a few auctions to see how it works prior to you making a bid yourself.
– Always know and stick to your price range.
– Have someone with you who can stop you bidding when you reach your limit.
– Always do your research and arrange pest and building inspection reports for a property prior to bidding.
– If you are successful you must be prepared to pay the deposit immediately.
Upcoming Auctions:
135 Dyson Road Christies Beach
Auction Sat 18/7/15 at 11am
Ideal office site with great exposure!
Click here for further details.
4 Grundy Terrace Christies Beach
Auction Sat 18/7/15 at 1:30pm
Check out the view!
Click here for further details.
McLaren Vale
Keep an eye out for what we have coming up in McLaren Vale.
Follow the Professionals Christies Beach real estate blog for more interesting articles.