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Sorry I realise those points Marg. I guess what I was asking was how I determine what is standard process versus what is the auctioneer trying to a dodgy somehow. I assume I will be alone and I have no concept of the process other than 'go inside and sign some things'.

To save posting another thread... Assuming I participate in the auction and win, what do I need to have ready BEFORE? I have accounted for these: B&P report done Contract reviewed by legal Pre-approval/finance sorted Money moved to account that has cheque capacity Blank cheque prepared for...

This is great advice, thanks. The property has just been listed (yesterday I believe). The auction is August 9th, hence why I'm trying to move fast.

The theme I'm hearing is strong offer, unconditional. My broker is convinced finance will not be an issue so I would probably look to make the only condition the building & pest report (to save paying unnecessarily every time I find myself in this situation).

Good point - how does one prepare for this scenario then? Ensure a good broker?

Finally does this seem reasonable (conveyancer with a solicitor arm): We charge $110.00 (inc GST) for a pre-purchase review of a Contract and Section 32 Statement for an apartment purchase. We charge $895.00 (inc GST) plus disbursements to act in relation to purchase of an apartment/unit...

Sorry one more question, the solicitor just quoted $110 to review the contract and recommend any clause additions. Is it fairly standard practice to pay a fee like this before every offer is made?

How is ever making an offer unconditional safe though? What if you have a perfect financial profile but you can't get enough finance on some silly technicality.

Can you clarify what unconditional means please? Does that mean I remove the "subject to finance" and "subject to building and pest inspection" clauses? And if so aren't they important to protect myself?

As the title suggests how should I price a pre-auction offer? This is for PPOR so not necessarily interested paying absolute rock bottom - more interested in securing a place that I would be happy to call home. Should I go all guns blazing with the most I'm willing to pay for the property, or...