Rule 5. Get legal advice

Some homebuyers try to save hundreds of dollars and in doing so they risk thousands. Don’t let this happen to you. If you are keen to buy a home at auction, consult a lawyer before you sign anything or spend any money. A home costs hundreds of thousands and a lawyer costs hundreds. And remember, the last person to take advice from about a real estate auction is the auction agent. You can have your lawyer speak to the agent on your behalf. Some lawyers will even accompany you to the auction. Good lawyers are great value when buying a home.