HOW DO I DO IT?

Bricking it?

  1. Auction finance is used to raise capital quickly to complete the purchase of a property bought at auction.

  2. Once making the winning bid, typically, you have up to 28 days to complete.

  3. Auction finance is used to give the borrower more time to source a longer term solution.

FINANCE

LEGALS

  1. First it is advisable to get a catalogue of the auction before you attend and then inform the auctioneers which properties you would like to view before the auction.

  2. If you are interested in any of the properties, then it is a good idea to request the legal pack and then get one our recommended lawyers to look over it for you.

Don’t!

BIDDING

  1. As a potential buyer you should register your interest in the property and get authorisation to bid prior to the auction.

  2. There are two ways to bid in Online Auctions, live online bidding and by online proxy. With live online bidding, once you have registered to bid, you can watch the auction countdown online, and place bids live to ensure you are the winning bidder.

  3. If you are unable to bid live, you can pre-submit your highest offer by online proxy. The proxy bidding is regulated automatically by the auction platform and you will be notified if your proxy bid has met the reserve price.