In this short video Ryan Power from Pattinsons gives us the breakdown on how to buy a property through auction.

In this video we cover more information on the following:

  • What to do before bidding on an auction property? Obtain the legal pack and If you're purchasing with a mortgage, discuss any necessary mortgage valuations with your broker. To ensure all financial aspects are in order before proceeding.

  • When can you bid on an auction property? After Registering your details via. Undergo Anti-Money Laundering (AML) and soft credit checks.

  • What to do when you bid on a property? Utilise the auction website to place bids on properties of interest. Upon acceptance, a representative will guide you through the subsequent steps.

  • What to do when you're interested in an auction property? we would ask the buyer to go through the agent or auction website, have a look at the property video tour property and floor plans to make sure you are seriously interested in viewing

  • What do you do once your bid has been accepted? Prepare to pay upfront fees, typically a 5% deposit and a non-refundable reservation fee. You'll have 28 days to complete the transaction.

For more information on Pattinsons auctions ⬇️

To view the properties for auction ⬇️