| More basic Tips on Buying and Selling Property at | | | | local newspapers. Look for things such as properties |
| Auction | | | | sold, Properties passed in and current trends (if any) |
| Regardless of whether you have experience in | | | | using the auction method of sale. |
| buying and selling at auction or heading in this | | | | It is also an excellent idea to attend some on site |
| direction for the first time, there is always something | | | | property auctions as a spectator. You can learn a lot |
| to learn. Most of us live by the phrase 'we learn from | | | | just watching how an auction works, you will also |
| our mistakes,' but why make mistakes in the first | | | | feel much more relaxed and comfortable on your |
| place if we don't have to. All it takes is some | | | | auction day knowing what to expect. |
| common sense and some time for research. | | | | Prior to deciding to bid at the auction make sure you |
| Below is a list of more basic tips before you buy or | | | | have attended open houses and inspections on the |
| sell your property at auction. | | | | property. When buying at auction it is a case of |
| First and foremost is to organise your finance. Take | | | | 'what you see is what you get,' therefore do not get |
| the time to find the best home loan for you. There | | | | caught having to spend thousands of dollars on what |
| are many finance venues to choose from etc: | | | | you 'did not see.' Obtain a building inspection report so |
| Mortgage Brokers, Banks, Credit Unions, just to name | | | | you know the foundations are strong, no termites, |
| a few. Take into consideration the Interest Rates, | | | | sound structure etc. It is also a good idea to take a |
| Term of the loan, fees and charges, flexibility etc. | | | | note pad and tape measure. Whilst at open house |
| Never place a deposit on a property prior to | | | | inspections these two items can be very useful. |
| arranging finance. If your loan is not approved you will | | | | Before attending an open house or inspection you |
| lose your deposit, not to mention the disappointment | | | | should write a list of things you specifically wish to |
| of also losing the property. | | | | check whilst you are there. If you do not have a list |
| Make sure you keep up to date with your local | | | | to go off it is likely you will forget a few things. |
| auction market. These details can be found in your | | | | |