If you are looking for a property, then there’s a strong chance you’ll come across one that is up for auction. It’s important to pre-prepare as things move quickly.
Research & Stay Informed
Know the property prices in your desired area, and be cautious of unrealistically low-price ranges. Agents are obligated to provide estimates based on their assessment, and misrepresenting prices is an offence – however sometimes the market is hard to predict, even for agents, so don’t be surprised if see properties going above the guiding price!
Sign up for Auction Result Alerts
You can do this through domain or realestate.com.au. Track properties that are similar to what you are looking for and note what they are guiding vs. what they actually sell for. You’ll be able to see the pattern of whether they are selling over the guide price.
Secure Your Finances
Speak with your Indigo Lending Advisor well in advance, ensuring you have a solid pre-approval and you understand all the conditions of the loan. We will make sure you are covered off on this point!
Attend Auctions
If you’re a first-time buyer, attend several auctions to familiarise yourself with the process and gain confidence.
Appoint a Conveyancer Early
Save time by appointing a conveyancer in advance and making sure you understand their services. Having their details ready when making an offer expedites the sale process.
Need help getting auction ready? Contact one of our Indigo Lending Experts to set your finances up for auction success!
