In today’s episode, I'm unpacking a very common question:
Should you try to buy a property before auction – or just wait for auction day?
Many buyers assume auctions are always intense and expensive. But that’s not always the case – and in some scenarios, making a pre-auction offer can give you the edge. That said, it can also backfire if you don’t ask the right questions or understand how the process really works.
🏠 What You'll Learn:
Why auctions aren’t always competitive or scary
When a pre-auction offer can give you a major advantage
Why some vendors prefer to sell early (and when that works in your favour)
Why not every property can be sold before auction (think: deceased estates, mortgagee sales, or vendor instructions)
How a pre-auction offer differs from a regular offer – and what risks are involved for buyers and agents
What to ask the agent before making an offer
Three common offer scenarios (and which ones might trap you):
1. A brought-forward auction
2. A semi-transparent multi-buyer process
3. A sudden “best and highest” deadline
Why putting your best foot forward too soon could backfire on auction day
💡 Key Takeaway:
Pre-auction offers can be smart – but only when you’ve done the work upfront. And if the vendor’s expectations are too high or the process feels murky, sometimes auction day is actually your best bet.
LINKS:
Check out my FREE checklist 100 Things To Look Out For At Property Inspections here
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