{"id":461,"date":"2016-05-19T15:12:23","date_gmt":"2016-05-19T05:12:23","guid":{"rendered":"http:\/\/www.inspectmyhome.com.au\/blog\/?p=461"},"modified":"2022-08-30T10:43:57","modified_gmt":"2022-08-30T00:43:57","slug":"building-pest-inspections-auction","status":"publish","type":"post","link":"https:\/\/www.inspectmyhome.com.au\/blog\/building-pest-inspections-auction\/","title":{"rendered":"Building & Pest Inspections Prior To Auction Day"},"content":{"rendered":"

Recently, local newspaper the Newcastle Herald listed legal tips for purchasing a property at auction. Coming in at Number 3 (of 8) on their list was the advice to organise a pre-purchase building and pest inspection.<\/p><\/blockquote>\n

Auctions are becoming more and more popular in Newcastle\u2019s strong property market with many vendors choosing to watch the hammer drop on their property. This means as a buyer, it\u2019s important for you to understand how you can prepare for an auction.<\/p>\n

NSW Department of Fair Trading<\/a> recommends that you conduct, \u201cResearch, research, and more research,\u201d into the property you are interested in. This includes spending money having a building and pest inspection<\/a> conducted on the property before you wave your paddle.<\/p>\n

Interested to know what other tips the Newcastle Herald gave to buyers in Newcastle?<\/h3>\n
    \n
  1. Purchasers are allowed to submit pre-auction offers for the vendor\u2019s consideration.<\/li>\n
  2. Discuss the process with your solicitor and visit other auctions to get a feel for them.<\/li>\n
  3. Organise a building a best inspection.<\/li>\n
  4. Ask your solicitor to review the proposed sale contract and negotiate any changes prior to auction date.<\/li>\n
  5. Obtain finance prior to auction date.<\/li>\n
  6. If successful on auction day you are required to provide a deposit straight after the auction.<\/li>\n
  7. Register as a bidder prior to auction date and remember ID on the day.<\/li>\n
  8. Understand that if you are successful on auction day, you will be bound to purchase the property without a cooling off period.<\/li>\n<\/ol>\n

    The Newcastle Herald believes that, \u201cIf you are planning on purchasing a property at auction the key is preparation.\u201d Read their original article here<\/a>.<\/p>\n

    We think the best preparation is to have an inspector<\/a> with years of experience and good local knowledge conduct a building and pest inspection.<\/p>\n

    Photo Credit: Tim J Keegan<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

    Recently, local newspaper the Newcastle Herald listed legal tips for purchasing a property at auction. Coming in at Number 3 (of 8) on their list was the advice to organise a pre-purchase building and pest inspection.<\/p>\n","protected":false},"author":1,"featured_media":465,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13,9],"tags":[],"class_list":["post-461","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-newcastle","category-nsw"],"yoast_head":"\nBuilding & Pest Inspections Prior To Auction Day | Inspect My Home<\/title>\n<meta name=\"description\" content=\"Preparation and Research are important when going to buy at Auction. 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