Home Loan University: 12 Things You Should Know Before Going to an Auction

Core unit: Buying a Property
Subject: Things to remember before bidding on a property
How can you bid for your dream home? Buying a property through an auction can get you caught up in the thrill, but planning your auction strategy can help you secure a property for the right price.
Here, Joe shows how auctions work, shares his tips on how you can prepare for an auction and explains the terms you should know.
0:00 Introduction
Arrange your finance
Conduct research
Register for the auction
Pre-auction bid
Auction terms you should know
Set a bidding limit
Consider a buyer’s agent
Cooling-off period
Conclusion
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