As a business we pride ourselves on best practice and Compliance which is especially important in the property industry with financial transactions regularly taking place. We like to ensure that we always know who we are speaking to and dealing with during any business transaction. To do this we need to take contact details and verify as part of our registration process to reduce the risk for everyone in the process.

We have an easy registration process where an application form is completed and the necessary FICA documentation is provided with a refundable deposit. In terms of the FICA documentation the buyer's ID book, proof of residence and letter of authority to sign on behalf of a juristic entity would be required. The refundable deposit could be paid by EFT.

It is advisable that the registration process be undertaken online at your convenience. Register Here

We advise prospective buyers to conduct physical inspections of the property prior to the auction.

The auctioneers' fee is paid by the buyer over and above the bid (Hammer) price.

Most lots are auctioned with a reserve price in place. Should the highest bid at the auction not meet the reserve price then the seller has the option to reject or accept the final bid (hammer) price.

Auction Pack is a collection of important documents and information about a property that a potential buyer needs when deciding if they wish to place a bid.

The deposit is 16.5% including VAT, is payable if your bid for a Lot (property), is the winning bid.

Cost breakdown as follows

5% (Five) goes towards the Lot (property)

10% (Ten) is for the commissions to the auctioneer.

Auto bids and Absentee bids are essentially the same thing. Auto bids can be placed at any time during the auction. With auto bids, a bidder can specify a maximum amount that he/she is willing to bid on an item. The system will automatically bid on behalf of a bidder until the auto bid amount has been reached. Auto bid amounts must be equal or higher than the next bid amount. Auto bids will be processed in the sequence that they were placed. Auto bids can be cancelled at any time.

If you're not the winning bidder, there is no further obligation on your part and your registration fee will be refunded to you within a specified amount of time. If you're still interested in purchasing a property, you can continue searching for auctions on our platform or enter into a private treaty if you wish to make an offer on a property..

Before you place a bid, you should carry out due diligence on the property and review all documentation, including the Auction Terms & Conditions, to make sure you are able to fulfil any obligations. Before bidding you should ensure you have the funds available should you be the winning bidder.

If you are the winning bidder when the auctions ends, you are liable for auction fees detailed in the Auction Terms and Conditions if you do not wish to purchase, so it is best to make sure you are happy to proceed before placing any bids.

Remember that placing a bid at a property auction is legally binding and creates a contract. It’s essential to research the property in advance, understand the auction process and fees, and set a realistic budget. On the day of the auction, be ready to act quickly and decisively.

A pre-qualification from your bank shows that you’re already approved for finance, giving you the confidence to raise your hand and bid. It proves to sellers and auctioneers that you’re a serious buyer, and it helps speed up the process once you win the bid.

With a pre-qualified bond, you can enter the online auction ready, credible, and one step closer to owning your property!

Always take into account the commission and deposit payable should be within your bond approval value.

This depends on the circumstances or the level of interest generated in a property during the Pre-Auction Marketing period but can be anything from 9 hours to 24 hours.

Congratulations on being the highest bidder.

On the day of the auction, if yours is the winning bid, you will be required to sign a sale agreement and make an initial payment (deposit) immediately after the auction. This deposit goes towards the final purchase price. Offers are submitted to the sellers for acceptance within a specified period of time, and sellers may either accept your bid or counter. Upon acceptance the balance of the purchase price will need to be paid over to the designated transferring attorney, and the transfer of ownership process will commence.

*All properties aresubject to acceptance by the seller. While your bid is legally binding on your part, the seller still has the option to accept or reject your bid.