Knowledge is power when buying property at auction
Knowledge is key when buying property and alarmingly most buyers are not educated on what they should do when buying a property via the auction process. A home owner report from Westpac which surveyed over 1000 new home buyers and the results showed that buyers are fearful of the auction approach with 57% saying they are too scared and 58% saying they are not confident in their auction abilities. Instead of being afraid, buyers should get themselves educated so they can be confident in their property search. With Sydney's auction clearance rates improving and it being the most popular way to sell property, chances are if you're looking to buy, you will need to attend an auction. There are multiple steps that you can take to be "auction ready":
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