A quick guide to buying a house

Buying a house is not as daunting as you might think. The trick is to do your homework and learn as much as you can about how the process works before you start.

Top 5 tips for online auctions

  • Do your homework. Make sure you have had a chat to your bank and they are prepared to lend you the money. Also, take a good read of the legal documentation and get a lawyer to review this for you. Simple things like this will save you money in the long run.

 

  • Get a second opinion. You can take anyone along to an open home to view the property with you. So if you have a friend who is good at spotting potential or problems then take them, and ask lots of questions. This is a serious investment and needs some good thinking.

 

  • Register early. Do not wait until the day of the auction to register. There is a bit of paperwork required for an auction and you need to be approved to bid. So save yourself the stress and don't leave it till the last minute. And remember, by registering you are under no obligation to bid.

 

  • Bid boldly. It's very tempting to wait until the last second to bid which is all well and good if you have the nerve. However, we advise you set your price and bid confidently in your own time. Don't leave it to an element of chance and wait until the final second.

 

  • View the property. Don’t buy anything unless you have actually seen it. If you are offshore – get someone to view it on your behalf.  This might seem like a no brainer, but it has hurt buyers in the past.