BUY PROPERTY ON AUCTION
It's never an easy decision to buy a home, and even more so finding the best possible home on your budget proves itself even more challenging! Communicating with different agents, uncertain sellers, and sometimes undisclosed costs are not much fun. But thanks to property auctions, there is another way to find and purchase your ideal home! In this way, you have the advantage of being in total control of the price that you are willing and able to pay with no hidden costs.

SELL PROPERTY ON AUCTION

How much is my property worth? This is the question that every seller asks. The answer is simple: it's the amount that someone is willing to part with to own the property. Selling a home can have huge impact on a person's life: sell to the first offer, and perhaps you left money on the table or pass up the opportunity and it could sit on the market for months. But thanks to property auctions, there is another way. In this way, you don't need to experience months of open days, agent's meetings, chancers, exorbitant fees, and grinding uncertainty. In this way, your property is put in front of a pool of serious, qualified buyers, and they decide what its true value is.

CONTACT A PROPERTY BROKER
Frequently asked questions
If you're making the decision to choose Auctions as your preferred way to buy or sell property, you might have some questions. You're not alone! We have compiled the most commonly asked questions we get on Auctions to help you. If you have any more questions, please get in touch with one of our Property Brokers who will be happy to guide you.
Are people who sell their property on Auction desperate or bankrupt?
Not at all, and this is a common misconception. Real estate auctions, in general, are just another way to market a house and generate interest in the property, as you would any other method. Also, over 60% of residential properties in Australia are now sold at auction, with similar trends mirrored in the US, UK, and Europe.  
If I sell my property on Auction, will I get a fair value for my home?
The age old question: how much is my property worth? This is the question that every seller asks. The answer is simple: it's the amount that someone is willing to part with to own the property.  Selling a home can have huge impact in a person's life: sell to the first offer, and perhaps you left money on the table or pass up the opportunity and it could sit on the market for months.  But thanks to property auctions, there is another way. In this way, you don't need to experience months of open days, agent's meetings, chancers, exorbitant fees and grinding uncertainty.  In this way, your property is put in front of a pool of serious, qualified buyers, and they decide what its true value is.
What commission would I need to pay when selling my property on Auction?
As players, in Residential Property Auctions, we want to make the buying process as seamless as possible. Therefore commissions are very similar to normal sales but Auctions speed up the process of getting offers on your property.
What if the Auction doesn't reach my asking price?
You are not obligated to accept an offer that is below your asking price. You can either sign a counter offer, look at other offers, or re-list the property for the next auction.    
What process will I go through when selling my property on Auction?
In terms of our current regulations in order to bid, the company would have to have all your FICA documents ie. Copy of your identity and proof of your address. Then, if you intend to buy, using a mortgage loan (bond), you must be pre-qualified before bidding.
What process will I go through when buying a property on Auction?
Paying a refundable deposit of R10 000 to obtain a bidders card If you win a bid, you will pay 10% on the fall of the hammer - If you don't have any winning bids your deposit will be refunded In the case that you have a winning bid and have paid the 10%, the seller has 72 hours to either accept or decline the offer.
Do I need cash to buy on Auction?
You do not need cash to buy on auction. You may come to an Auction with a qualified bond in order to know your buying power, otherwise we also provide bond approvals on the day of the auction.
Can I get a Home loan when buying on Auction?
Absolutely! It works the same as it would when buying property any other way. You can even get pre-approved so you know how much you are able to bid on a property on Auction.