AUCTIONS
Open Property by Ref #
WHY AUCTIONS
?
Auction Method
Selling of immovable property (of various types) for and on behalf of various Sellers from a convenient public venue attended by interested members of the public, following an extensive marketing campaign, who will be bidding for the property. An Auctioneer will then accept and close the public bidding in favour of the Buyer who made the highest bid and declare the property sold.
Auction Benefits
Attracts Buyers who are serious and qualified.
Non-suspensive sales with pre-approved finance.
More effective marketing methods followed
Rapid liquidation and transfer of assets.
Open and transparent sales method.
Seller’s terms and conditions apply.
No limitation placed on selling price.
Actual market prices are achieved.
Auction Procedure
A Seller grants a mandate and instruction to sell.
The property is put on auction after wide marketing.
Interested Buyers pays refundable registration fee.
Bidding takes place in convenient public venue.
Auctioneer accepts highest bid from qualified Buyer.
Buyer pays deposit and Auctioneer’s commission.
Buyer signs agreed Terms and Conditions of Sale.
Seller accepts the Terms and Conditions of Sale.
Conveyancers attend to registration of transfer.
Both Buyer and Seller satisfied with results.