Before you commit to a purchase, you need to know exactly what is in the contract, as "buyer beware" is the standard in NSW and you are responsible for discovering any hidden easements, illegal structures, or restrictive covenants before exchanging. It is also essential to have your finance fully pre-qualified for the total "walk-in" cost, including stamp duty and registration fees, so you aren't caught short at settlement. Finally, you must understand the specific terms of the sale; buying at auction means you are legally bound the moment the hammer falls with no cooling-off period, so all your building, pest, and strata reports must be completed and your contract reviewed by us before you start bidding.
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