Sell faster.
No commission.
Modern auctions for fast property sales
Need to sell your property fast? Sell your property through a public auction to the highest bidder. More money, less hassle, no fees.
Set Your Reserve
You set the reserve price and we only accept bids which exceed the reserve.
No Commission
You don’t pay us a commission, this is for the buyer’s account.
Fast Sales
Our properties sell with 4 to 6 weeks so you get your property off the market faster.
What to expect
The thought of an auction can be very daunting but it is a tried and tested way to sell a property fast and with far less hassle than a traditional sale.
Accept Proposal
We will send through a proposal to auction your property. Once accepted, our auctioneer will set up an appointment to meet with you.
Market Assessment
We will request various documentation from you and then proceed to conduct a market assessment and valuation.
Set Reserve Price
A reserve price will be set based on our evaluation of the market and the saleability of the property.
Sole Mandate Signed
We require a sole mandate in order to effectively market and sell your property. Once a price has been agreed upon, you will be requested to sign the mandate.
Marketing
We will discuss our marketing strategy with you to come up with a suitable plan to market your property. We will run our marketing plan for 4 to 5 weeks before the auction date.
Auction Day
Only serious buyers with an intent to purchase are invited to the auction day. In order to bid they must put down a deposit of R50k before entering a bid.
With a regular sale, you have people coming for viewings sometimes for months on end and in today’s market, properties can in fact sit for YEARS. Sellers are being forced to drop their prices and are potentially losing hundreds of thousands if not millions. An auction can create buzz around your property and get it sold within weeks of hitting the market for a price you have all the control over.
Types of properties we auction
We auction all types of properties including:
– Residential
– Retail
– Industrial
– Offices
– Land
– Other
Frequently Asked Questions
Is a mandate required in order to take my property to auction? And if so, for how long?
A sole mandate is required in order to auction your property. The term of the mandate is usually for 60 days – this allocated time gives Auctioneer an opportunity to market the property for auction effectively, and if required, allows for the property to be sold privately.
What is the cost of the marketing campaign?
The auction company pays for the marketing and advertising of well-priced properties. If a high reserve ( selling
price) is set by the Seller, then the auction company may suggest/request the seller pays for some additional advertising. This can be from R 5000 and upwards.
What is the situation regarding viewing of my property? How do prospective buyers get to view it?
Viewing session (if required) – a viewing session/s will be arranged in advance with the seller, usually lasting 1-2 hours. This may be advertised. View by appointment – a time and date are arranged at the seller’s convenience for the brokers to show the property.
What happens in the event that my property achieves a higher price than the original mandated price?
In the event that the ‘knockdown’ price ( bid price) is greater than the mandated price, you, as the seller, will benefit and be entitled to any surplus achieved.
How will you market my property?
We utilise several marketing channels and tactics to get your property in front of potential buyers:
Google adverts and google
Facebook
Target Marketing
Email Marketing
Associated brokers and agents across the globe •
News letters
Property brochures
Direct marketing
Blog Posting
Newspaper editorials
What is the duration of the advertising campaign?
Campaign – the property is advertised for a period of up to 5 weeks prior to auction.
What is the difference between an on-site auction and a multi-property auction?
An on-site auction is held onsite at your property at a predetermined time and date. The on-site auction is specific to buyers interested in the purchase of that particular property. A multi-property auction is held at an exclusive venue where numerous property lots are auctioned. The multi-property extends itself to a broad spectrum of buyers who may be looking at your specific property or at the purchase of various properties available at the auction.
What happens in the event that my property is bid at a lower price than the reserve price?
In this case, the property will be sold subject to confirmation by you, the seller. You will have approx 5 business days to
decide on whether to accept an offer lower than the mandated price.
What happens in the event that the property is sold at the mandated price?
In this case the mandate is legally binding and you will have to sign the sales agreement.
What are the benefits of a property auction?
- Auctions have been proven to be the most effective way in securing a result for the seller in the shortest possible time
- The Auction marketing campaign is short, effective and intense, giving the highest exposure to the market and creating a deadline for buyers; therefore, ensuring a result within a period of 4-5 weeks.
- The increased exposure a property receives in the powerful marketing campaign ensures as many prospective buyers as possible are made aware of a specific property.
- When selling at Auction, the sale is immediately unconditional; the buyer cannot pull out of the contract and it is sold on the seller’s terms– this gives the Seller greater ‘peace of mind’.
- The buyers pay a commission, instead of the seller
- Serious screened buyers only
- No ceiling limit on the bidding price.