93992122   |   info@armadalerealestate.com.au
Register for Alerts   |   Login to Alerts

Professionals Armadale Real Estate

19/193 Jull Street Armadale

93992122

94971119

info@armadalerealestate.com.au

Contact us

Visit

Visit

Visit

Visit

Buying at Auction

What you do before buying at auction

When buying at auction, many of the steps leading up to the purchase are the same as making a traditional purchase, therefore, it is important that in conjunction with this fact sheet you also read Buying a Property.

Before buying at auction it is important to:

Bidding

The real estate agent will be able to provide you all the information you need on how to make a bid, however, some important tips to remember are:

Dummy bidding

Dummy bidding is fictitious or false bidding at an auction by non-genuine bidders in the crowd, with no real intention to buy the property and without adequate disclosure of their interest.

The REIA supports legislation being put into place by most states and territories that prohibits misleading and deceptive practices such as dummy bidding.

For further clarification please see the REIA Guidelines on Auctions or contact your local Agent for the rules and regulations in your area.

Copyright © 2017 Professionals Real Estate  |  Privacy Policy & Disclaimer  |  Made in Melbourne by iProperty