Can I purchase an Auction property prior to Auction?
Understanding the Auction Process
Auction listings are definitely on the market to be sold. In most cases this means that they can also be purchased prior to the actual auction. In fact, a good number are sold in this period. The timing of the sale – whether that is before Auction, under the hammer (at Auction) or after Auction, depends on a few variables. These might include the seller’s situation, expectation, and the level of competition from buyers.
As an agent we would always recommend that buyers give themselves the best chance of securing a property they really want to purchase. This may mean by submitting a pre-auction offers and being in a position to bid at Auction. As a buyer, ensure that when you submit a pre-auction offer you have already conducted your due diligence on the property. In this way you can ensure your offer is as attractive as possible to the seller.
address – Brighton, Qld 4017
postal – PO Box 608, Sandgate QLD 4017
phone – 0438 515 003
email – rose@rosekelly.com.au
