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My first auction this weekend, and putting in pre auction offer

Hey Real Estate people. I'm looking to but my first home, It's a massive undertaking. The auction is next weekend, and I am yet to have a solicitor's review of contract and building and pest inspection. I'm in VIC, a pretty hot market.

  1. Do you have any tips, do's and dont's for attending my first auction?

  2. Given the proximity of the auction, should I just wait til the auction or try and put in a pre auction offer this Monday or Tuesday subject to solicitor's review and BP inspection? If I do, will that hit against the 3 day rule pre and post auction, that offers are under auction conditions? Especially if say I put in the offer on Tuesday, give them 24 hours to consider - they may accept within the 3 day period, or BP and solicitor review may push me within the 3 day period.

Thank you so much!

submitted by /u/getgiffywithit
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source https://www.reddit.com/r/RealEstate/comments/1qsuukh/my_first_auction_this_weekend_and_putting_in_pre/
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