
AUCTION READY
HOW TO BUY PROPERTY AT AUCTION EVEN THOUGH YOU'RE SCARED S#!TLESS
By: Veronica Morgan
eBook | 8 February 2020 | Edition Number 1
At a Glance
275 Pages
eBook
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HOW TO BUY PROPERTY AT AUCTION
EVEN THOUGH YOU'RE SCARED SH#!LESS
This invaluable, must-read property buying guide will help you secure your dream home or investment property, save time and money, and stop the feeling of being absolutely scared S#!TLESS.
Don't bid on a property or raise your hand at an auction until you read this book...
Buying a property is one of - if not THE - biggest decisions of your life. You have every right to be scared S#!TLESS. This 185-page property-buying manifesto is a step-by-step guide to mastering the complex buying process, ending auction intimidation and gaining an unfair advantage when dealing with agents in techniques you need to secure your dream home or quality investment property for the price you want... without being absolutely scared S#!TLESS.
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PROLOGUE
INTRODUCTION
Buying property in Australia:
The history of home ownership in Oz
How to get yourself ready for auction: About this book
CHAPTER 1 – WHO IS BUYING
Buyer profiles
CHAPTER 2 – WHAT PROPERTY TO BUY
Golden principles of buying property
CHAPTER 3 – THE GROUNDWORK:
MASTER THE MONEY SIDE OF PROPERTY
The deposit
Lenders mortgage insurance (LMI)
Stamp duty
Bank fees
Due diligence costs: legal fees & building/pest inspections
Council and water rates
Buyer’s agents
Finance approval
Forming your A-team of property experts and specialists 49 Managing your expectations ahead of commencing your property search
Do your research to find a property
What are you committing to?
CHAPTER 4 – WHAT’S THE PROPERTY WORTH?
Demystifying real estate agent price guides
How to accurately calculate what the property is worth
How to set your maximum bid
CHAPTER 5 – DUE DILIGENCE
Buyer beware: Why you need to do due diligence and to have understood it
Avoid buying a lemon: What due diligence do you need to do?
CHAPTER 6 – BEFORE AUCTION:
BUYING BEFORE AUCTION DAY
Know your negotiation options
Pre-auction offers
Why, when and how real estate agents try to get you to make an offer before auction
CHAPTER 7 – AUCTION DAY:
BUYING PROPERTY AT AUCTION
Get prepared and give yourself a strategic advantage
The psychology of real estate auctions
The reserve price, vendor bids and when it is ‘on the market’
CHAPTER 8 – BIDDING AT AUCTION
Bidding tactics for a winning strategy
Understanding your opponents: The different types of bidders
Your gameplan: What do you do when …?
Sneaky tactics the auctioneer will use to get you to bid more
Bidder mistakes to avoid
CHAPTER 9 – AFTER THE AUCTION
Success! The property is yours
What happens if it passed in?
Buyers beware: The most vulnerable buyer is the one who just missed out at auction
Getting back on the horse
GLOSSARY
ABOUT THE AUTHOR
ISBN: 9780648673613
ISBN-10: 0648673618
Published: 8th February 2020
Format: ePUB
Language: English
Number of Pages: 275
Audience: General Adult
Publisher: Good Deeds Pty Ltd
Edition Number: 1
























