Tips for buying The key to successfully buying real estate is to arm yourself with as much knowledge about real estate in your area as possible.
This can be done by talking to your local Real Estate Agent or real estate salesperson, by regularly reading property pages and publications such as Property Press, going to open homes and by researching property on internet sites.
Some answers to commonly asked questions about auctions
What is a real estate auction?
Auction is a way of selling property through intensive advertising media designed to capture the maximum attention of buyers within a set time frame. The process is a means of purchasing/selling real estate through public negotiations to determine the true market value of the property at that time.
What is the reserve price?
The vendor usually sets the reserve price prior to the auction. The reserve is established as a result of feedback during the marketing period from interested parties. The reserve is the minimum figure that the auctioneer is instructed to sell the property for.
Will the auctioneer be bidding on behalf of the vendor?
No. It is strictly against our company policy to have the auctioneer or any other person placing bids for the vendor in order to increase the price.
