Buy Your Property on Auction
Before you buy your property on auction, understand the process. Registration of a prospective bidder, is obliged to register to bid on the auction with:
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Proof of ID document and FICA documents (any utility bill not older than 3 months) If a prospective bidder is bidding on behalf of any legal entity, such entity’s FICA documents and mandates to bid.
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Pay before the auction a refundable deposit of R10 000 (TEN THOUSAND RAND) to participate in such an auction. Should a bidder be the highest bidder and he/she is unable to meet the auction requirements in terms of payments; this deposit will be forfeited.
To receive Banking Details, please send an email to: leeanne@apolloauctions.co.za or we will have CARD FACILITIES at the premises where the auction will be held.
Should you be the highest bidder on the day, you must be able to put down a certain percentage of the highest bid, directly after the auction. Should the Seller accept the offer, this amount will be non-refundable, unless otherwise announced by the auctioneer.
Buying a property on private auction means that the Seller has to settle the outstanding rates and taxes bill.
Understanding the Terms and Conditions:
Before you participate in a property auction, it’s important to carefully review the terms and conditions of the auction. This can include details on the reserve price, bidding process, and other important information.
It’s important to understand the bidding requirements and any other terms and conditions. This can help you avoid any surprises or misunderstandings during the auction process.
To see our upcoming auctions, click here