Under the hammer

If the property you want to buy is up for auction, you won’t be negotiating with real estate agents. You can still improve your chances if you are well prepared, unemotional and bear the following tips in mind: 

  • Have your affairs in order.

If you are bidding at an auction, you must have your finance ready to go and building inspections completed. Once the auction is over, you must be ready to sign 

  • Stand back and observe.

The body language of other bidders in the room may betray their desperation to buy, or that they are nearing their price limit 

  • Try to dictate terms.

Slowing the auction down, or stepping out to make a phone call to ‘try and get more finance’ will give other bidders a chance to start worrying about how much money they are spending 

  • Stick to your limit.

Don’t be drawn into the occasion and make hasty bids to secure the property. You might win the day, but be left with a mortgage you will struggle to service

With interest rates at their lowest for more than 50 years, there are some great rates available. The best thing to do is to compare rates from all the lenders. Let us help take the leg work out of doing this - Compare Home Loans now

Top Suburbs : torrensville , mt gravatt , mortdale , coorparoo , keperra

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Get help financing your investment

Do you need help finding the right loan for your investment?

When investing in property, it is important to make sure that you not only have the lowest available rate that you can get, but also have the correct loan features for your needs.

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