We are getting ready for the auction this weekend. If we end up buying we need to give the owner a cheque for 5% on the day. So I'm moving that money out of our savings account and into our checking account. There is a $20k a day limit on transfers which is kind of annoying. But I've now done two in a row and so am more or less at the 5%. Snork Maiden's job for today is phoning a lawyer and seeing if they need to see a copy of the contract before the auction. I'd much prefer to just be able to make an offer rather than this auction mechanism, but the best houses tend to go to auction here.
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