A Beginner’s Guide to Auctions in Lismore

A Beginner’s Guide to Auctions in Lismore


For many Lismore locals, the idea of buying or selling property at auction is an alarming prospect. The fast-paced action of a live auction can be a bit daunting for those new to the experience. But we all have to start somewhere, and that’s why we’ve put together this guide to understanding auctions in Lismore and surrounds.
 

Thinking of Selling at Auction?

If you’re new to the auction process and want a good, brief summary of what it all involves, we’ve got you covered. Find out all about the auction process including opening bids, vendor bids, the auctioneer’s role and many other important facts and features of selling at auction.
Selling? What to Expect on Auction Day
 

Getting ready to Sell?

Many people wonder if it’s necessary to style a home prior to Open Homes before auctions. We believe that a property can earn more than around 2.5% on top of the sale price if it has been decluttered and organised prior to inspections. You don’t need to hire a professional, just read our to-do list to find out easy ways to improve the appeal – and value – of your home before selling at Auction.
Styling Your Property To Sell
 

Hoping to Buy at Auction?

There’s a lot to get organised before you even bid, including inspections, pest and building report, and of course finances. But don’t let that put you off. Get organised in advance so you have the best chance of making a successful bid when the time comes.
Buying a Property at Auction. Read this!
 

Is this the property for you?

It’s vital to view a property up close and personal before you attend an auction - if you are the successful bidder, there is no cooling off period! Inspecting a property is more than just getting a good vibe from the place (although your ‘gut feeling’ is something that should certainly be factored in!) Our handy checklist will guide you through a thorough property inspection before auction.
The Importance of Inspections
 

Figuring out your finances?

You’ve found your dream home, raided the piggy bank and counted all your coins – now what? There are a few extra costs to factor in when buying a property in NSW, including Stamp Duty, legal fees, Pest and Building Inspection costs, loan application fees and more.
Read The Cost of Buying Real Estate in NSW


Auctions are exciting for everyone concerned, and knowing the common Real Estate terms, Auction process and tips for doing well as the buyer or seller really will make your experience more rewarding!