Bidding In-Room or Onsite

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  • Bidding In-Room or Onsite

01

Prior to the auction make sure you have:

Inspected the property.

Received a copy of the contract.

Your finance pre-approved.

Attended an auction, to see what it is like.

Arranged a building, pest, survey and/or council zoning inspection of the property.

Had your solicitor review the contract.

Pre-registered via AUCTIONS LIVE if required.

Decided if you will be attending the auction in person, if not have you organised and authorised (Authority to Bid Form) a 3rd party to attend and bid on your behalf.

Set your budget, the maximum price you are willing to go to.

Arranged how you will pay the deposit.

Decided what name/s will go on the contract.

02

On Auction day make sure you have:

Your Driver’s License and/or Passport, if you don’t have Driver’s License or Passport, make sure you have a government-issued photo identification and proof of address.

If you will not be attending the auction make sure your 3rd party bidder has the original Authority to Bid Form completed and signed by yourself along with their Driver’s License, Passport and/or government issued photo identification and proof of their address.

03

When bidding at auction remember to:

Arrive at the auction early, you may be required to register prior to bidding.

Place yourself in a position where the auctioneer can easily see you.

Pay close attention to the auctioneer as to where the bids are at or refer to your AUCTIONS LIVE ePaddle; if still unsure ask for assistance from one of the agents.

Hold up your bidder number when placing a bid (if issued).

Call out your bid in a clear voice, you have the option to call out an exact amount, or indicate the increment you wish to increase the previous bid by.

Disclaimer

All information contained within the Auction Checklist and Frequently Asked Bidder Questions is general advice, recommendations and answers.

The information does not take into account the particular needs and circumstances of individuals and companies, or legislation governing auctions of various countries and states.

Before bidding at auction you may wish to seek independent professional advice.

Every effort is made to provide information that is accurate. However, the information contained with the Auction Checklist and Frequently Asked Bidder Questions are subject to change at any time.

RE Software Pty Ltd gives no assurance or warranty that information is current and takes no responsibility for any information provided.

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