Ray White Mountain Creek Buyers Guide 2018 2018 | Page 15

Auctions
The excitement and anticipation of an
auction is probably the way most people
imagine they will buy a property.
The idea of bidding at auction can be daunting or thrilling
depending on the individual. Most likely it will be a little of
both. Of course, the best way of approaching an auction
is to take the emotion out of it, but that’s easier said
than done.
Preparation
Before you get hold of that paddle, it’s a good idea to
do some field research. Attend as many auctions as
possible to understand how they work and observe
bidding behaviour. The experience will go towards
informing your ‘game plan’ for auction. Begin taking
note of the recently sold prices in your area of choice
so you know what price range to expect.
Ahead of the auction, thoroughly read the contract of
sale and get all of your questions answered by the
agent before the big day.
Buying
You're satisfied that there are no major problems with your chosen property and have explored
the local area to ensure it meets all of your non-negotiable requirements. The next exciting step
is to think about buying. At this point, there are a few ways you can proceed, depending on the
vendor and the advice given by both parties real estate agent.
buyer's guide