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Tips for Purchasing Surfers Paradise Property Through Auction

By Andrew Bell

With the current economic situation in Australia, now could be the perfect time to consider purchasing real estate in Surfers Paradise. Regardless of whether you're interested in purchasing your dream home or investment rentals in Surfers Paradise, taking advantage of the market right now could be a good move. 

However, with the increasing popularity of auctions across the nation, this can be an intimidating experience for buyers – both newcomers and the more experienced. 

There are a number of ways to reduce the amount of stress associated with buying property through auction. 

Borrowing Capacity and Pre Approval

Organising your finances as soon as possible is essential to auction success. Often vendors and agents like to seal the transaction immediately following the conclusion of the auction. 

Therefore, finding out your borrowing capacity and getting your home loan pre approved is essential. Being able to act immediately will help you get the property on lockdown, ensuring a successful property exchange. 

Familiarising Yourself with Auctions

Entering an auction environment without prior knowledge can be intimidating. 

One way to help deal with these nerves is to attend a number of auctions as an observer beforehand in order to familiarise yourself with the overall process. Being aware of the protocol can be a great way to help boost both your confidence and your chances of auction success. 

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