A Buyers Guide to Keeping Auctions Simple
Buying a property at auction can be an exciting and rewarding experience – providing you have done your research and are thoroughly prepared.
Auctions are seen as a fair and equitable way to buy and sell with open competition resulting in a true market value for both buyers and sellers. The history of auctions dates back to biblical times and today not only property, but things of great value (such as antiques, fine art, jewellery and bloodstock) are bought and sold through this process. With the growth of the internet, online auctions are also going from strength to strength. Auctions are exciting events and can be less stressful than the often protracted negotiations associated with other forms of sale. When buying at auction you can see the competition and bid with confidence.
Once you decide you want to purchase an auction property, take time to gather all the necessary information you need to ensure you’re comfortable and prepared for auction day. Your sales consultant will be able to provide you with some of this information, however we encourage you to seek advice from other professionals to ensure that you are adequately prepared. Remember: an auction sale is final and legally binding.
All Ray White Auctions are run in accordance with the REINZ Code of Practice for Real Estate by Auction and REAA Guidelines.
Before Auction Day
At the Auction
Good luck with your purchase.