Buying a home at auction
Buying a home at auction can be an exhilarating experience so if you’re thinking of purchasing a property at auction, here are some of our tips on how to better prepare yourself, so you can own the home of your dreams sooner. In this segment, Belle Property Real Estate Agent and Auctioneer Jeremy Hodder will be talking to us about how to prepare for buying a house at Auction.
Preparing yourself for the auction
Get your home loan in order |
One of the most important things you need to do is arrange your finances before the auction. If you are successful, you may need to write a deposit cheque on the day. |
Visit auctions before your big day |
Visit other auctions before you start bidding so you can get a feel for how auctions work and observe the different bidding strategies. |
Set yourself a limit |
Do some research on the prices of property for sale in the area you are considering buying in. Also work out how much you can afford to pay, set yourself a limit and don't go over it. |
Review the contract |
If you require any amendments to the contract – such as a longer settlement period - make sure you speak to the agent and agree on any changes in writing before the auction. |
Why choose us?
Established in 1880, IMB Bank is one of the most enduring financial institutions in the country, helping people achieve their financial goals for over 140 years. Our members can access a fully featured range of services: home and personal lending, savings and transaction accounts, term deposits, business banking, and more.
Our renowned personal service is backed by innovation, providing convenient, secure digital banking options where and when you want it. IMB also has a growing retail branch network throughout NSW and Victoria, for when you need to speak to someone in person, and a team of professionals at our locally based contact centre. We have a lending specialist in every branch and a team of mobile lending specialists who will come to you.
Find out moreWhenever, Wherever Banking
Availability of Payments ServicesLearn more about availability of payments services to individuals and businesses provided by IMB Bank. |