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How potential buyers best prepare for the day of an auction?

We have written about this before, but we are continually asked about how potential buyers best prepare for the day of an auction –an auction can be a stressful occasion! It can move so quickly that you don’t fully register what is happening until afterwards. For potential buyers, this can mean getting swept up in the drama and bidding more than you can afford. To stay grounded on the day, there are several things you should do ahead of tim…

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Tips for a good Final Inspection

Some careful planning and a thorough inspection can make the difference between a smooth settlement and an expensive, frustrating or delayed one. A final inspection is legally your opportunity to inspect the property prior to settlement to ensure it is in the same condition as the day you purchased it, but what does that really mean? Basically, it means that you must be satisfied that the vendors are leaving the property vacant of their pos…

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Body corporate Warnings

Q: We read your last two articles about apartments with interest. We are about to buy an apartment to renovate and just wanted to get your opinion on body corporates and what we should be wary of. We have read some real horror stories! Angela M. A: Firstly be sure to get all the information from the selling agent: A pre-contract disclosure, copies of recent body corporate meeting minutes, financial statements, budgets, body corporate rules a…

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Do you need a building inspection?

Q: Our agent has suggested that we get a building inspection before we list our home for sale. It seems like a waste of money to me – if a buyer wants one then can’t they just get it themselves? What’s your advice? James L. Personally, we think it is a sensible idea. It costs money but it could save you plenty, in fact, it can be the difference between selling and not selling – especially at auction. Why? We recommend that all buyers, whate…

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