Even if the property is advertised as going to auction, you can make an offer to purchase the property at any time. You should make contact with the selling agent and tell them you want to make a formal offer. This will normally be done by completing the particulars (such as your name/s, address, price, deposit you wish to pay, your preferred settlement date and any special conditions such as ‘subject to finance’ or ‘building and pest inspection’) of sale on a contract prepared by the selling agent or the vendor’s conveyancer.
A deposit is normally taken from you by the agent (and held safely in trust) before the offer is taken to the vendor for their consideration.
Should the vendor agree with the terms of your offer they will counter sign the offer and a contract is then made between the parties.