Your Complete Guide to Buying at Auction 8 Once you have your finances in place, you’ve worked out how much you can borrow and perhaps sought pre-approval on your home loan, it’s time to get to know the market. Great places to start are finding a local agent you trust and to use the power of online to your advantage – whether that be looking at what properties have sold for recently, what’s on the market now or using the digital property appraisal tools to get a sense of market value, as these tools will include an overview of suburb data, comparable sales and what’s on the market now. Once you’ve found a location that suits your needs and fits in to your average price range, start to look at properties on the market. Compare features, price and land size. Engage your local Harcourts sales agent to help you find the perfect property for you as they know the areas they work in very well, and can also give you advice on what the neighbourhood is like, if there are new infrastructure projects planned, and how prices have changed over the past few years. DOINGYOUR RESEARCH Take advantage of an open home and use the time to perform a thorough property inspection. Later on, you’ll want to engage the services of a professional to inspect the building’s structure or at minimum, ensure you order, or get a copy of the property building and pest report. Always go to have a second look and take someone with you to see the property through another set of eyes before auction day. For more information on inspecting properties, ask your Harcourts sales agent for a copy of our ‘Your Complete Property Buying Guide’. Inspecting Properties
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