Buyer FAQs
Frequently asked questions
What is Connect RealTime®?
Connect RealTime® combines the speed and transparency of auction with the flexibility of a traditional sale. Properties are marketed with a fixed timeline, allowing buyers to bid in a competitive but structured environment.
Is this the same as a traditional auction?
No. Unlike traditional auctions:
- You don’t need to attend an auction room
- You can bid online
- There is more flexibility before exchange
Once your offer is accepted, you’ll pay a reservation fee and sign a reservation agreement, confirming your commitment to proceed.
How is this different from a traditional property purchase?
Connect RealTime® is a structured, time-bound buying process.
Instead of informal negotiations, buyers compete in a clear bidding period, giving you full transparency and a defined timeline through to completion.
How do I place a bid
Once you’ve reviewed the Buyer Information Pack and created an account, you can place bids directly through the platform during the live bidding period.
Do I need to register to bid?
Yes. Before bidding, you’ll need to register your details and accept the bidding terms. This helps ensure a smooth and transparent process for all parties.
Is there a reservation fee?
Yes. If your offer is accepted, you’ll pay a non-refundable reservation fee to secure the property. This takes the property off the market and commits both parties to the sale.
Can I view the property before bidding?
What is the Buyer Information Pack?
Do I need a solicitor before bidding?
What happens if my bid is accepted?
What happens if I’m outbid?
Can I make an offer outside of the bidding period?
Once your bid is accepted, you will be required to pay a non-refundable reservation fee to secure the property. This confirms your commitment and takes the property off the market.
Is there a risk of gazumping?
How long do I have to complete?
You’ll typically be required to complete within 90 days from the date your offer is accepted and contracts are issued.
In some cases, a shorter timeframe can be agreed between both parties.
Can I get a mortgage?
Yes, most properties are mortgageable subject to valuation and your circumstances.
You should:
- Have a Decision in Principle ready
- Speak to a broker early
What happens if I withdraw from the purchase?
If you withdraw from the purchase, you will forfeit your reservation fee.
This discourages time-wasters and gives you greater certainty.
Why buy through Connect RealTime®?
- Clear, transparent process
- No gazumping
- Access to full legal information upfront
- Defined timeline to completion
- Ability to compete fairly for properties
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