Buying property at auction in Queensland
Buying property at auction in Queensland differs from other states. Find out what you should consider doing before attending an auction in Queensland.
Many sellers start with the wrong listing price. Do your research from the outset and take your agent’s advice. The biggest problem with overpricing a property is that you will eventually have to drop the price. To buyers, this can look like desperation and may slow down the selling process while people wait for the price to drop further.
It’s important to focus on the quality of your agent, rather than the initial cost. You should weigh up whether a cheap agent will cost you more in the long run. Look at agent contracts and understand what you are getting for your money – advertising costs, contract length, and commission to be paid on sale are all areas you need to understand before signing up.
If you’re thinking about selling your home, you need to be able to look at your property from the eyes of a buyer. We’ve put together this handy checklist to help you prepare to put your property on the market. Download the checklist now.
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