Honesty, Integrity & the Customers’ best interest are the pillars on which Auctionman is built.
We have a passion for AUCTIONEERING! We strive to be the best in what we do. Certified by the South African Institute of Auctioneers, Approved by the Government, and used by various organisations & individuals. Every customer is treated individually, and the best possible service & advice is given.
Services Offered
Commercial Property Auctions
Residential Property Auctions
Farm & Small Holding Auctions
Loose Asset Auctions (Emigration & Relocation)
Deceased Estates
Competitive prices are always achieved through competitive bidding.
All auctions & transactions are entirely transparent. Buyers & Sellers are kept informed of all aspects of the property and transactions. This is precisely what you want: A FAST SALE OF YOUR PROPERTY. An auction can be concluded within 30 days of you signing the mandate. Bidders are required to pay a pre-determined deposit, which ensures bidders are capable and not time wasters.
The commission is ONLY payable by the PURCHASER, as a seller only pays for the advertising.
Your property will be extensively advertised on all available platforms, and the best package for your property will be discussed in detail in the mandate.
What's next?
How do I buy a property at Auction?
- Chose the property you are interested in bidding on
- Contact the auction specialist for more information and to receive a bidders information pack
- Familiarise yourself with the bidder’s pack information, i.e. terms and conditions of sale, the title deeds, the zoning certificate and information on any lease agreements
- Establish the exact location & time of the auction
- Property on Auction is sold ‘voetstoots’, which you see is what you get. Determine the viewing times to familiarise yourself with the property.
- Get information about the area and current value; the auction specialist should be able to help you with this.
- Get your finances in place (pre-approval or cash), and decide the maximum amount you want to bid.
- If you are the highest accepted bidder, you must purchase; it is not subject to finance approval.
- FICA Documents (ID & Proof of Address) are required with your registration deposit. You can register online or at the auction.
- Upon arrival at the auction, obtain your bidder’s card with your unique number to enable you to bid.
- ‘The Rules of the Auction’ must be read & understood in detail.
- If you are married in a community of property, your spouse needs to be present, or you need to bring a signed letter of consent
- Upon a successful bid, you must complete the sales agreement immediately.
- A successful bid is final and legally binding, you cannot withdraw the bid, and the conditions of sale cannot be altered. A successful bid is final & binds you legally, the bid can not be withdrawn, and the sale conditions can’t be altered.
- NO cash is accepted. The Auctioneer’s Commission of 10% is payable via immediate EFT directly after the auction. A secure computer will be available for this.
- If the property is sold with a reserve price, the seller has a 7-day confirmation period to accept or reject the offer
- If your offer is accepted, you have 21 business days to provide guarantees
Auction Benefits for The Buyer
Sellers are serious – An auction is an organised event with one goal: To sell the property on a specific day & time.
The Buyer Controls the Price – The Buyer decides the maximum price they are willing to pay before the auction.
Auction is a quick transaction – Long negotiations are eliminated by a 7 Day confirmation period.
You can not lose – If your offer is rejected, your deposit is 100% fully refundable; if your bid is successful, the deposit is deducted from the purchase price.
Equality – All Buyers are equal and have the same chance of winning the bid, no unfair negotiations, the auction is a public gathering, and everything is transparent.
Information – Bidders will receive a detailed information pack upon registration, with detailed information about the property
Easily sell your property on Auction
- Contact the Auction Specialist and set up an appointment.
- Provide him with your details, the stand number & detailed address
- Get the title deed, your FICA documentation (ID 7 Proof of residence) and any other relevant documentation ready for the appointment
- Your property will be assessed, and a valuation will be done
- Together with the Auction Specialist, you will agree on a reserve (minimum) price for your property
- The Auction Specialist will discuss the most effective marketing campaign for the successful sale of your property; this will be the only cost you will have.
- After an agreement is reached, the mandate will be signed, which gives the Auction Specialist permission to market & auction your property.
- The intensive marketing campaign will start within two days (unless otherwise agreed), and your property will be on auction within three threes
Easily sell your property on Auction
Voetstoots – your property is sold as it stands, with no comebacks after the sale.
Auctions create urgency – It is an organised public event, and your property will be sold on a specific date & time.
The Seller is protected – The Seller determines the reserve price; the auctioneer can’t sell below this price.
Detailed Advertising & Marketing campaign – The Auction Specialist will market your property to the correct target market.
Genuine offers – All offers on auction are final & binding, not subject to any finance approval or other clauses.
Saves money – Auction is quick, saving you maintenance costs, rates & taxes etc.
Real purchasing power – Buyers at Auction are pre-qualified, have the cash readily available, they want to buy property.
Only 3 Weeks for positive results – An Intensive & Detailed marketing campaign over three weeks attract the correct buyers with positive results.
The Seller doesn’t pay the commission – The successful buyer pays the buyers’ commission, unlike a sale by an estate agent; the seller doesn’t pay any commission.
Fair Price through Competitive Bidding – Through Competitive Bidding, actual market value is reached and often exceeded by competitive bidders at the auction. Often the sellers’ expectations are exceeded.
The Deposit guarantees the sale – On the fall of the hammer, the successful bidder must pay 10% and, within 21 working days, deliver guarantees for the balance.
Total honesty & transparency – The Auction is open to the public; together with all relevant documentation, the auction process ensures an honest & fair approach to all involved.
Work with us
For all enquiries, get in touch with our team of experts, and we’ll get back to you as fast as we can!