🎯 Going to Auction? Read This First! 🏡

5 Things to Know Before You Bid

Buying at auction can feel like a rollercoaster — fast, emotional, and final. Here's what you need to know before the hammer drops:

🔑 1. Pre-Approval Is Essential (But Not a Guarantee)Get your finance pre-approved to know your limit — but remember, it’s usually subject to valuation and checks. Auctions are unconditional. Be ready to commit!

📄 2. Review the Fine PrintHave a solicitor or conveyancer check the contract before auction day. Consider a building/pest inspection too. Know exactly what you’re bidding on.

💸 3. Stick to Your BudgetSet a firm limit. Emotions run high at auctions — but overspending can hurt later. Don’t let the fear of missing out drive your decisions.

📢 4. Learn the Auction RulesYou’ll need to register, show ID, and there’s no cooling-off period. Watch a few auctions beforehand so you know what to expect.

📆 5. Be Ready to Act FastWin the bid? You’ll sign the contract and pay the deposit on the spot. Make sure your funds are accessible and your team (broker, solicitor) is on standby.

✨ Bonus Tip: Even if you miss out — it’s okay. Auctions are competitive. Each one teaches you something for next time.

💬 Thinking of bidding at auction?Let’s have a chat first — I’ll help you prepare like a pro. 📞0481 580 284 or david@stellarhomeloans.au

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