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There are two ways of buying a home, and this is by Offer & Acceptance, or by Auction. Offers to purchase may be made in two ways, unconditional (commitment to buy the house as listed at the price agreed) and conditional (you will buy if certain conditions are met, e.g. Satisfactory Structural Report). At auction, make sure you keep your financial limit in mind and remember, once you have made a bid, it cannot be withdrawn. Auction terms & conditions will be provided by the Selling Agent/ Auctioneer prior to the Auction commencing.