Hi all,
There is a auction coming up which I may want to bid at although there's a couple of questions I have regarding auctions.
- apart from using a buyers agent, if I decide to send a family member to bid for me (cannot attend due to work commitments) how can this be done, and what happens at the fall of the hammer if I am successful? Do I then just go and sign the contract ASAP?
- in terms of finance, as I understand, the 10% is normally paid straight away? Although until contract are signed, Im assuming my bank wont give me unconditional such time? I have pre approval from the bank, although I just dont want to pay 10% and then find out I cant get finance.
Thanks
There is a auction coming up which I may want to bid at although there's a couple of questions I have regarding auctions.
- apart from using a buyers agent, if I decide to send a family member to bid for me (cannot attend due to work commitments) how can this be done, and what happens at the fall of the hammer if I am successful? Do I then just go and sign the contract ASAP?
- in terms of finance, as I understand, the 10% is normally paid straight away? Although until contract are signed, Im assuming my bank wont give me unconditional such time? I have pre approval from the bank, although I just dont want to pay 10% and then find out I cant get finance.
Thanks