Protecting your Investment Property

25/10/2018

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25/10/2018

Buying at Auction. What you need to know.

25/10/2018
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Spring selling means auctions and lots of them. To help you out we have listed everything you need to know come Auction time.

Buying a home at auction. What you need to know. 

  • To be able to bid at auction you will need to register prior to the auction commencing. You will be asked to give your name, address and show proof of identity.
  • If you are bidding on behalf of another person, you must provide a letter of authority stating you are authorised to bid on their behalf.
  • An auctioneer cannot take a bid from someone who is not registered.
  • Organise your own pest and building inspection prior to the auction of the property.
  • Get your finances in order before the auction. Know exactly how much you can spend.
  • If successful on the day, you will need to pay a 10% deposit.
  • On the fall of the hammer, if you are the highest bidder you must sign the contract.
  • There is no cooling off period.
  • It is worth attending as many as possible until you feel comfortable with the process and understand how it works.

To find out more information about the auction process contact one of our agents here at Fitzpatricks Real Estate on 6921 1555.

 

Latest homes sold at Auction 

86 Butterbush Road, Gregadoo.

9 Bluett Crescent, Turvey Park

 

 

Homes coming under the hammer soon 

89a Urana Street, Turvey Park. Auction: 27/10/18 12.30pm

102 Thorne Street, Wagga Wagga. Auction: 3/11/18 11.00am

18 The Esplanade, Wagga Wagga. Auction: 3/11/18 12.00pm

3 Maple Road, Lake Albert. Auction: 17/11/18 10.30am

5 Burwood Street, Turvey Park. Auction: 17/11/18 10.30am

9 Hardy Avenue, Central. Auction: 17/11/18 1.00pm

7 Laurel Road, Lake Albert. Auction: 24/11/18 10.30am