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How to buy prior to auction

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Manage episode 493540535 series 2761646
Content provided by Amy Lunardi. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Amy Lunardi or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

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

Connect with Amy:

Website: www.thefirsthomeguidebook.com.au

Instagram: @the.first.home.guidebook

  continue reading

44 episodes

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How to buy prior to auction

The First Home Guidebook

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Manage episode 493540535 series 2761646
Content provided by Amy Lunardi. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Amy Lunardi or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

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

Connect with Amy:

Website: www.thefirsthomeguidebook.com.au

Instagram: @the.first.home.guidebook

  continue reading

44 episodes

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