The get auction ready checklist

May 20, 2025

THE GET AUCTION READY CHECKLIST

EMPOWER YOURSELF TO BID CONFIDENTLY, STRATEGICALLY AND WITHOUT THE STRESS AT YOUR NEXT AUCTION.

Two People Are Toasting With Champagne Glasses — Hyde Burchell Buyers Agents In Canberra, ACT

INTRODUCTION

Hi there bidder.

Welcome to "The Get Auction Ready Checklist," a crucial guide curated to ensure you're fully prepared to become the successful bidder at auction.


Successfully navigating an auction requires meticulous planning and strategic execution.


This resource aims to streamline your decision-making by providing a structured approach to preparing for auctions, ensuring you gather essential information necessary for making informed bids and maximising your chances of securing your desired property under the hammer.


By following our checklist, you'll be equipped to evaluate properties effectively, assess market conditions, and establish a solid bidding strategy.

This guide emphasizes critical aspects such as property evaluation, financial readiness, and bidding tactics, ensuring you're well-prepared to make confident decisions on auction day.


Preparing for auctions requires careful consideration and thorough preparation. Utilize "The Get Auction Ready Checklist" to navigate the auction process confidently, plan your bidding strategy, and increase your chances of securing your desired property.


Here's to successful auction preparation and securing your dream property!

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THE GOOD STUFF

The essential checklist

  • Research the Property: Gather information about the property, including its location, market value, and recent comparable sales.
  • Inspect the Property: Attend all open inspections or schedule multiple private viewings to assess the condition and suitability of the property firsthand.
  • Financial Preparation: Buying at auction is unconditional with no cooling off period so talk to a broker and have finance approval in place prior to the auction.
  • Property Checks: Check if there are any existing development applications or tree preservation orders that may impact renovations or developments.
  • Building and Pest Inspections: Arrange for additional professional inspections to identify any unnoticed structural issues, pests, or other concerns if required
  • Pre Negotiate Terms: Because the contract is unconditional, pre-negotiate any contract terms or inclusions with the agent and get the owners agreement in writing
  • Set a Budget: Determine the maximum amount you are willing to bid on the property and stick to it.
  • Know The Rules: Visit other auctions to familiarise yourself with the rules and procedures of an auction. (ACT legislation states what can happen at an auction)
  • Prepare to Bid: Have your paperwork ready to register for the auction, ID’s for each person to be listed on the contract and the details of your solicitor and broker. 
  • Arrive Early: Arrive at the auction venue early to secure a good spot and to familiarize yourself with the surroundings and other bidders.
  • Stay Calm and Confident: During the auction, remain composed and bid confidently within your budget.
  • Be Prepared to Pay: If you win the auction, the deposit is due immediately and (Hint: change your transfer limit with your bank before the auction). 
  • NotifyYour Property Team: If successful, take a copy of the signed agreement and advise your broker and solicitor so they can ready for settlement.

CONCLUSION

This is just the beginning. 

At Hyde Burchell Buyers Agents, we believe property buyers in Canberra deserve the same expertise and support as sellers and this complimentary resource is just one of many we offer to start you on your property journey with confidence. You can check them all out  here.


However we understand that buying a property is about more than just bricks and mortar, so with services starting at just $1000+gst, we offer a range of solutions designed to suit every budget, making empowered property purchases in Canberra accessible to all.


Whether you're a local Canberran searching for your next home, relocating to our beautiful city, or contemplating a change in your housing situation, partnering with us ensures you reclaim your time, alleviate concerns about overpaying, and make well-informed decisions backed by our deep local market expertise and respected position as Canberra’s preferred buyers agency.


If you need more assistance or prefer not to navigate this journey alone, we're here to help. Reach out and have a conversation with us today

Penny and Ian — Hyde Burchell Buyers Agents In Canberra, ACT
Penny — Hyde Burchell Buyers Agents In Canberra, ACT
Ian — Hyde Burchell Buyers Agents In Canberra, ACT

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