Don't bid at auction %%without this%%.
Auctions are unconditional. Every piece of due diligence has to be complete before the hammer falls. This checklist walks you through each task — from the first lawyer chat to the pre-auction day-of actions.
Four stages. Nothing missed.
From the initial conversations to the morning of the auction — every item that must be ticked before you bid.
Before you go to the auction — talk to a lawyer
Book an initial free meeting with your lawyer
Confirm finance, deposit, and bank pre-approval
Discuss how you'll hold the title
Understand how auction day works
Agree fixed-fee legal pricing
Get your ID verified for AML
+ 6 more items in this stage
Pre-auction due diligence
LIM report ordered and reviewed
Building report ordered and reviewed
Title reviewed, registered interests checked
Insurance quote obtained
Chattels on Schedule 2 confirmed
Bank-specific approval for this property
+ 8 more items in this stage
Auction day
Bring photo ID and deposit details
Bidder registration complete
Maximum bid agreed with finance team
Deposit payment method confirmed
Lawyer contactable before, during, and after
Know what happens if you're the winning bidder
+ 4 more items in this stage
Angus Grayson, LLB
Auctions unfold fast. The work that matters happens days and weeks before — not on the day itself. This checklist makes sure nothing is still open when you walk into the auction room.
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Before you download.
How far in advance should I start using this?
Three to four weeks before the auction. The LIM alone takes 10 working days.
Can I use KiwiSaver for the auction deposit?
Not on the day directly — but with the right clause drafted in, KiwiSaver funds can be used for the deposit post-auction. See our KiwiSaver Options guide.
What if I don't win the auction?
Move the checklist to the next property. Most items are transferable — finance approval, ID verification, process understanding.
Can I make a pre-auction offer instead?
Can I make a pre-auction offer instead?