Blog & Advice

02

Auctions have become popular with vendors of late. If you intend to bid at an Auction it is very important to complete your due diligent investigations well before the auction date.

Each property differs in what requires investigating, but as a minimum before an Auction you should obtain a LIM & builders’ report, pre approval of finance on the auction property, have the title checked, and investigate the body corporate, minutes, meetings and levies if the property is a Unit title. Call us to discuss your individual requirements.

Leave yourself ample time to investigate further should something be uncovered in the above. Remember on the fall of the hammer, if you are the highest bidder, you will usually be locked into an unconditional contract. Talk to us first to make sure you have covered all the bases and are in a comfortable position going into the Auction, with your eyes wide open and fully informed.

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