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Writer's pictureNic Fren

How first home buyers can prepare to bid on auction day


This is a great idea for a lead generation campaign on social media, email, SMS, blog or letter box drop. For a social media ad, simply copy & paste and put into a PDF that can either be downloaded through Facebook, or once someone has submitted their details, you can email it through to them.



  1. Research the property: Before the auction day, first home buyers should research the property they are interested in. This will help them to have a better understanding of the property's condition, history, location, and its estimated value.

  2. Get pre-approved for a loan: Before the auction, buyers should obtain pre-approval from a lender. This will give them an idea of how much they can afford to bid for the property.

  3. Attend open inspections: First home buyers should attend open inspections to get a feel for the property and inspect it for any potential issues.

  4. Hire a building inspector: Before the auction, buyers should hire a building inspector to conduct a thorough inspection of the property and provide a report on its condition.

  5. Set a budget: Buyers should set a budget for the auction and stick to it. They should avoid bidding more than they can afford or beyond their budget.

  6. Know the auction rules: Before the auction, buyers should understand the rules and regulations of the auction, such as the bidding process, deposit requirements, and the auction terms and conditions.

  7. Attend other auctions: Attending other auctions will give first home buyers a better idea of the bidding process, how to read the crowd, and what kind of competition they may face.

  8. Plan a bidding strategy: First home buyers should plan a bidding strategy, such as bidding early or waiting until the end. They should also have a backup plan in case they are outbid.

  9. Arrange for funding: Buyers should arrange for funding, such as a loan or cash, to cover the deposit and purchase price of the property.

  10. Get professional advice: First home buyers should seek professional advice from a real estate agent, financial advisor, or a solicitor to ensure they understand the auction process and make informed decisions.


Turn this into a social media caption


"Get ready for auction day, first home buyers! Follow these tips to prepare for a successful bid: [insert list of tips]. #FirstHomeBuyer #AuctionDay #RealEstate"


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