You should set your limit, your maximum bid, before you go to auction. So, how do you set a maximum auction bid? First of all, you need to forget all the other buyers and forget about the vendor, just for a moment. This is about you and the property. It’s about how uniquely this property […]
Read MoreYou only bid aggressively at auction if you want to scare off other buyers, but before I talk about when it’s a good idea to bid aggressively, I want to remind you that you need to know what the property is worth, and what your maximum bid is before you go to auction. So when […]
Read MoreProperty buyers tend not to like auctions because they fear being outbid or they are daunted by the thought of having to perform in public. Often people prefer to try to make an offer before auction. But is this always the best strategy for a buyer? Here’s a sign to look for: if the sales […]
Read MoreWhat does a mortgage broker do and why use one instead of going directly to a bank? Gaining access to an experienced mortgage broker is an invaluable resource when purchasing a property. The broker will assess your financial situation and has access to a much wider range of loans than any single institution can offer […]
Read MoreThere are so many things to consider when buying property, not the least being when to take action. Property buyers are often faced with the dilemma of deciding when the best time to buy is: when to call it a day on their search and make an offer. The fundamental question they ask themselves is: […]
Read MoreYou’ve found the house of your dreams, you want to buy it, the agent seems receptive, you make an offer… And then nothing happens. You are in the dark and getting frustrated. Is your offer accepted or not? Has the agent even given it to the vendor? Are they using it to get another buyer […]
Read MoreThere are a bunch of selling agents out there starting to call themselves buyers agents. They say that they can help buyers for free – even if the property you want to buy isn’t listed by their agency. How can they do this? Is engaging a buyers agent worth it if you can get the […]
Read MoreIn a competitive property market, often buyers find themselves either trying to gazump or being gazumped. And with many people, the moral code is that gazumping is fine if you are the one doing the gazumping but unethical if you are the losing party! In NSW, if you have had an offer accepted on a […]
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