Why Buy on Auction?
Internationally, auctions are invariably the first choice way of
buying property, and it is fast becoming the preferred method of
buying property in South Africa. And that's because it offers
buyers so many advantages. It's a quick, efficient, and
uncomplicated means of buying property. Here are just a few reasons
why you should make your next purchase on auction:
Ease and efficiency
When the hammer falls, the deal is done: no protracted
negotiations, suspensive clauses, or intermediaries.
It's quick
It takes between 3 and 4 weeks to the register the transfer of
an auctioned property or asset.
View the stock
You have the chance to thoroughly inspect the property you're
interested in before the auction.
No deals behind closed doors
Every transaction takes place transparently and in the open,
with any terms and conditions available for public scrutiny.
Serious sellers only
There are many reasons for a property to end up on the auction
block, but the aim for all of them is the same. To sell.
There's a buzz
Auctions can be thrilling events. It's not unusual for up to 600
people to attend the larger auctions.
You're in control
As a buyer, you know your limit and can walk away if the bidding
gets too high.
It's done on the day
There's an immediacy to auctions that other methods of sale
simple can't match.
It's simple
A refundable deposit secures your position as a potential
buyer.
A good deal
The competitive auction environment invariably secures a
realistic market price. But there's always the chance of a
bargain…