• Before you buy the auction house do some research on the ownership of the house through the district offices or try to visit the house developer. Ask them information on the previous house owner.
• Contact the auctioneer for the declaration of the auction. Go to see your lawyer for advice regarding property buying through auction.
• Visit the house or property that you wish to bid for. Take pictures of the property for further reference. On the auction day, make sure you are there early.
• Make sure that you possess at least 10% of the reserve price in form of bank draft or cash. Personal cheque is usually not acceptable.
• Don’t forget also to bring your original identification card (Mykad) as well as two photostated copies of it.
• If you act as a proxy, bring along the authority letter allowing you to represent him/her for the auction.
• Proxy also needs to bring the 10% of the reserve price of the property as well as signing the contract sale agreement.
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