IF YOU HAVE FOUND A SUITABLE AUCTION PROPERTY YOU WISH TO PURCHASE WHAT SHOULD YOU DO?

IF YOU HAVE FOUND A SUITABLE AUCTION PROPERTY YOU WISH TO PURCHASE WHAT SHOULD YOU DO?
  • Inform the Agent of your interest, leave your contact details and request to be kept informed in the event that prior offers are to be considered.
  • Familiarize yourself with the local area, services and facilities.
  • Attend similar Auctions to better understand the Auction process and compare prices.
  • Ensure your finance is approved prior to bidding and that you have organised ready access to 10% deposit.
  • If you have any doubts about the structural condition or any other aspects of the property, organise a building inspection prior to bidding.
  • Check the contract, title and Section 7 statements which will be on display at the Agent’s office three clear business days prior to the Auction or on site 30 minutes before commencement of the Auction.
  • If you require any variations to the standard terms and conditions, this must be negotiated prior to Auction with the Agent and ensure approval is evidenced in writing.
  • Advise the Agent if you have instructed a third party to bid on your behalf at the Auction. The person bidding on your behalf will be asked to sign the contract as purchaser unless you are there to sign the contract personally. Auctioneers who are Members of the Society of Auctioneers and Appraisers (S.A.) Inc. have Proxy Bidding Forms available for this purpose.