February 2024: A Surge in Auction Activity Across Greater Brisbane, Sunshine Coast, and Gold Coast

February 2024 saw a big rise in auction activity. CoreLogic reports that buyer demand is keeping pace. 📈 Clearance rates have soared above 70%, reflecting fierce competition in Greater Brisbane, Sunshine Coast, and Gold Coast. If you’re considering bidding at auction—whether you’re a first home buyer, upsizing, downsizing, or just climbing onto the property ladder—now’s the time to get prepared. 🔑

🛠️ Essential Steps to Take Before Auction Bidding

Bidding at auction can feel daunting. However, with the right preparation, you can boost your chances of success. Here’s what you should do before the big day: 👇⁣

💬 Consult with Our Mortgage Broker Partners: Understand your borrowing capacity. This helps set a realistic budget and avoid disappointment.

✅ Get Home Loan Pre-Approval: Pre-approval is a game-changer. You can bid confidently, knowing you have the finances in place.

🔍 Hire a Buyer’s Agent: A professional arranges pest and building inspections. This helps avoid any nasty surprises after you win.

💰 Know the Deposit Process: Understand how to pay the deposit on auction day. This helps prevent any last-minute issues.

📝 Review the Sale Contract: Have a legal expert review the contract. This ensures there are no hidden clauses that could cause problems later.

😬 Feeling Unsure About Auction Bidding?

If auction bidding makes you nervous, you’re not alone. But here’s a confidence booster: I, Tim Allen, am undefeated when representing clients at auction. 🏆 Although winning every time isn’t realistic, I aim to maintain a success rate above 90%. And yes, finding a hidden gem at auction is rare, but I’ve done it once! 💎

For first home buyers, upsizers, or downsizers, navigating an auction can feel overwhelming. If you’re uneasy about bidding, work with a Buyer’s Agent. My team and I guide you through every step, ensuring you’re well-prepared and confident when it’s time for us to raise the hand and represent you. ✋

🤝 Why We Avoid Buying Investment Properties at Auction

Auctions can be great for purchasing a home, but not for investment-grade properties. You’re often paying a premium, the emotional price, which hurts your investment returns. Instead, we focus on securing investment properties through private sales. This way, you can negotiate better terms and avoid overpaying.

🤝 Why Work with a Buyer’s Agent?

A Buyer’s Agent saves you time and stress during the auction process. We handle everything—from securing pre-approval to conducting thorough inspections and reviewing contracts. Our goal is to ensure you’re fully prepared and ready to win on auction day. 🏅 Plus, we’re experts at spotting hidden gems in the market, so you won’t miss out on great opportunities. 🌟

For a smoother, more successful auction experience, trust us to help you make informed decisions and secure the best possible outcome. 🏡

📅 Stay Connected for 2024 Property Insights

Stay tuned for more updates and insights into the property markets in Greater Brisbane, Sunshine Coast, and Gold Coast in 2024. We’re here to help you find your perfect home, whether it’s at auction or on the open market. 🏠