Houses for sale at auction

Auctions are one of the most popular methods of buying and selling real estate. At any given time there are many houses that are for sale by auction in most areas around the country. You can ask your local real estate broker for the latest listings and on most occasions you will be allowed to arrange to view the property before the auction.

Buying a property at an auction can be a great way to get a bargain, but it is important to follow a few key “rules”;

  • Always inspect the property and ask any questions to the real estate agent about the property before the auction.
  • Make sure you have all your finances in order and/or approval for the loan before bidding.
  • Decide on a maximum bidding price before the auction (and stick to it). Try not to get carried away or too disappointed about missing out on that dream property.

    • It is a good idea to attend a couple of “test” auctions before buying a house at an auction so that you can be prepared for what to expect.