AUCTIONs
Buying a property at auction is a fantastic way to secure a great deal. There are other advantages too: Auctions are fast, transparent and - as they aren’t for the faint-hearted - cut out competitors that you would otherwise be bidding against on the open market.
PRIOR TO AUCTION WE WILL:
- Review and explain the Contract of Sale terms and special conditions to you
- Obtain any records from Council to ensure the dwelling has all required Development Approvals (time permitting)
- Arrange pest, building and/or strata inspections
at AUCTION you must:
- Have all finance approved
- Have the deposit (usually 10%) available to be paid immediately
- Be prepared to sign an unconditional Contract of Sale on the day - there is usually no cooling off period at auctions!
to complete your purchase we will:
- Calculate and organise payment of stamp duties
- Ensure your financier has prepared the mortgage documentation
- Check for outstanding arrears or land tax obligations, ensuring all land tax is cleared from the property by settlement.
- Ascertain any vested interests: Eg local council or water services,. Or if any planned development could affect the property in future
- Calculate adjustments for council and water rates for the property settlement
- Arrange settlement with your bank including cheque directions and management of any shortfall funds
- We will complete all final checks and confirm date, time and place for settlement
- Attend settlement