Kevin Parkinsons Top Tips

We have a regular column in the local Coolum News.  This month features our Sales Agent, Kevin Parkinson who has 30 plus years in selling property and auctioneering.

 

 

What do I need to know about buying at Auction?

I have been a licensed auctioneer for over 30 years, when buying at Auction these are things to consider

  1. There is no cooling off period when buying at Auction and you purchase the property “as is where is”
  2. Ensure you have your finance arranged prior to the auction and know your limits
  3. Speak to the agent about the deposit before the auction
  4. Consider a Building and Pest inspection before the auction 
  5. If the property is passed in, the property is then on the open market and the highest bidder does not have first right to buy the property
  6. The Auctioneers decision is final in all matters relating to the auction.
  7. If you are intending to bid at the auction you must register and provide suitable identification(i.e. Drivers Licence, Passport,)