Is it better to buy at auction?

Whether or not buying at auction or buying privately is better depends on the circumstances around your purchase. The benefits of buying at auction include the potential for a bargain, you can assess the competition, you know it's a fair competition and you might be able to buy property quicker. However, some of the downsides of buying property at auction include the sense of urgency among bidders creating higher price rises.

Should you make an offer before auction?

If you're clear on your budget and how much you're willing to pay for the property, you can make an offer before auction. It means you avoid the pressure and potential price increases of an auction. However it also might mean you pay above what would actually be bid on auction day. While there's no harm in putting forward an offer, you should talk to your buyer's agent first. They can always speak to the sellers to see if they're willing to accept private offers.

Are buyers agents worth it?

Buying property can not only be a confusing time but also an emotional time. Having a buyers agent can help you manage your property search, ensure you have everything you need and keep you cool when you want to jump at buying a property. Buyers agents also have existing relationships with real estate agents, so can ask all the right questions about the property and price expectations. They may also be able to bid on your behalf at the auctions or negotiate a private sale for you.