Designed for those who have identified the property they wish to buy and have undertaken all necessary preliminary steps prior to auction day. Also, those who aren’t in a position to be physically present at the auction itself or want to be represented by a professional bidder. We will undertake all the necessary requirements needed prior to bidding, will bid strategically, following pre-set instructions and when successful, will oversee the completion of the Contract for Sale.
With a private sale, Locate Negotiate will represent the client throughout the negotiation process and use the necessary skills and experience to acquire the property with favourable terms for our clients.
Frequently asked questions
What is an auction property bidding agent?
We represent the buyer in the purchase process of a property transaction either prior to auction, during an auction (bidding on your behalf) or post auction. Unlike traditional real estate agents who represent the seller, we exclusively represent you the “buyer” only.
What are the important things to check prior to auction?
Are you sure of the true worth of the property? At Pro Auction Bidding we can inspect the property prior to auction and carry out a “no bias” market appraisal on your behalf. We then forward you a comprehensive report (prior to auction) which includes comparable sales within that location and an accurate sales price estimate.
We strongly advise that you engage a solicitor or conveyancer to view the contract prior to auction. Important things to check are the settlement term, special conditions and property title.
If Pro Auction Bidding is representing you on auction day, it would be advisable for your solicitor to have an agreed deposit amount confirmed with the seller prior to auction.
We recommend that you take further precautions (subject to type of property) prior to auction by organising a building and pest inspection.
It is advisable to have your finance approved prior to auction commencement. All property purchasers in NSW are subject to Stamp duty.
What type of properties do we bid on?
We represent buyers in all property categories being residential, commercial, industrial and rural.
How important is a bidding strategy?
As experienced agents, we can call on our expertise to gauge prior to bidding commencement how many potential registered bidders you may be up against. Telling factors are often shown through the body language demonstrated by selling agents and by potential registered bidders. For example a confident agent with many registered bidders will often sit back and let things play out, whereas an agent with a low numbers of bidders will endeavour to get his registered parties ready to bid early on in the piece. This is often called “working the floor” and is normally demonstrated prior to the auctioneer delivering his pre amble. In addition to this a lot can be said about what the selling agent communicates just prior to the auction commencing or in the auctions early stages. This is where Pro Auction Bidding can really work to your advantage to secure your chosen property. We will decide our auction strategy based on how we interpret the situation just prior to auction commencement.Experience does make all the difference.
STEPS TO SUCCESS
At Pro Auction Bidding we undertand that buying a property – particularly for the first time – can often be an emotional and somewhat overwhelming experience. That’s why we have developed our “Steps to Success” guide for you to follow. It’s our objective to make the experience of buying the property you desire as smooth and stress free as possible.
Contact a Pro Auction Bidding representative to discuss how our services can save you time, stress and money when it comes to trying to secure your home or investment property under auction conditions.
We will provide you with an overview of our services and associated costs, along with our availability for your auction date and time.
We direct you to our website www.proauctionbid.com.au to download and complete the necessary paperwork needed by regulations to be able to act on your behalf.
It’s here online that you have the choice of our packaged services and can use our resources to further your understanding of Pro Auction Bidding and the auction process.
Pro Auction Bidding will confirm your booking via email and ensure that all the Bidding Authorities and specific instructions/requirements will be attended to.
Pro Auction Bidding really comes into action for you on the day of auction by being fully prepared. Always acting under your instructions and working hard to deliver successful results – purchasing property on your behalf.
All the pre-auction requirements including Buyer Registration and Proof Of Identification are completed and we begin the process of buying the property you want at the very best possible price. During the auction, you are invited to be in attendance or even on the phone.
If successful, we will oversee the signing of the Contract For Sale.
A post auction brief is provided to you on the very next business day.