Buying at Auction Costs & Tips

Are you buying at action?

Sadly, many people get ‘caught out’ at auctions in NZ because they don’t know what to look out for.

It’s almost sickening how many properties we end up moisture testing in NZ for clients who ‘just purchased’ at an auction, only to move into the house and find signs of leaks (most of which were hidden under carpet and behind furniture etc). Most of them ‘thought’ the house looked fine from what they could see… before they purchased the house. In addtion, they thought they got a good deal!! I wonder why?

Basic buying at auction costs and tips:

Is getting a thermal imagingĀ leak inspection a cost, and money I could potentially loose before an auction ? Yes it is… but don’t miss this step! It’s AMAZING how many times clients say to me “We didn’t want to pay for an inspection incase we didn’t win the auction”. Just plain silly thinking don’t you think? Absolutely.

99% of my clients have it written into their property contract to get a building inspection and/or moisture test prior to buying the house, so why wouldn’t you do the same in an auction scenario?

What should you look for prior to buying at auction? (From a leak detective’s point of view)

  • Look for swollen skirting boards
  • Look for discoloured carpet grip in the corners under the carpet. This will most likely mean a leak is coming in from somewhere
  • Look for any visual signs of joinery failures
  • Look for any bubbling of paintwork under windows, on ceiling, in bathrooms and on just about every surface of internal andĀ  external walls
  • Cracks in cladding and around windows
  • Lack of ground clearence
  • Any leaks around plumbing, such as under sinks and in the corners of shower screens.

These tips listed above are only a hand full of what to look for in your initial ‘visual’ inspection. The next step is to get an experienced thermal imaging company to take a look using infrared technology to detect issues you will not see, like these ones… coupled with experience in moisture testing nz houses.

Do not buy at auction until you are 110% sure there are no moisture issues in the house… and we say this with certainty after seeing so many home buyers getting caught out buying lemons. If anything, we can do a verbal inspection for you (no report), which is cheaper and will give you certainty when you buy. If you are happy with the inspection results and win the auction, you can then request a report for a small fee.

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