Buying at Auction – EVERYTHING you need to know

Buying a home is a ‘full on’ experience. Right up there with asking someone out for the first time, having kids for the first time, and watching Tiger King…

Even if you’re a seasoned pro, there’s always some curly new twists you’ll encounter, especially if you’re selling at the same time.

Things that can make all the difference if you get it right from the start

Have you identified the area you want to be in?
Are you realistic with what your budget can actually give you?
If buying with a partner – are you agreed in what you’d like to achieve?
Does this purchase of a home fit in with your longer term goals, or just what you need at the moment?
Have you considered the ‘best move’ property, vs the minimum viable property?

Getting this job done well requires a bit of team effort too

A solicitor is your best friend – make sure you get along with them!
What’s the difference between going to the bank directly vs using a mortgage adviser?
Are all mortgage advisers the same?
Do you really need a building report?
What’s a ‘valuer’ got to do with the process?
Can you trust real estate agents?
What’s the best bidding strategy to use at auction?

Buying a home in New Zealand is easy, but there are few ways to go about it:

What’s involved with purchasing a home at auction?
What does it mean to ‘put in a tender’
What is a set-sale date?
What does it mean if the property is for sale by negotiation

In this episode, I catch up with real estate agent and blogger Andrew Duncan, to cover off EVERYTHING you need to know BEFORE you purchase a home. This handy little insiders guide will be your best friend in the home buying process and will give you all the tips and tricks you need in one place.

EVERYTHING to know when BUYING a home!

Consider this your handy wee insiders guide to buying your next home. Even if you’d done it before, you’ll do better with this episode under your belt!

It’s critical to form a ‘team’ around you when you embark on this journey of home ownership – not all team members will have a motivation however, that is 100% aligned to yours.

FREE E-BOOK

If you want to dig a little more into this topic, Ungaro & Co can provide an e-book entitled ‘EVERYTHING you need to know when BUYING/SELLING your home. Please contact us to arrange for your free copy.

__________________________________________________________________

In this podcast episode, which is part two of a short series around this topic, we cover things like:

How to identify your next home

Getting realistic around price…and fast.

Can you trust real estate agents?

Is it buy at auction, by tender, or by negotiation?

Who’s better to deal with – the listing agent, or the selling agent?

Call it low and watch it grow – how to really know what an auction property is going to sell for.

Preparing for the day of auction – what’s the best strategy to use?

What’s the difference between using a mortgage adviser vs going to the bank directly?

Please note that all comments made in relation to any professional adviser who may help you during the home-buying process, should be considered general remarks only. Please consider the team you place around you carefully. Before you embark on the home-buying journey, it’s a wise move to have an initial discussion with a mortgage adviser to get a home-buying-strategy arranged.