Property auctions in South africa

Property auctions in South Africa offers all you need to know about house & property auctions! All information you need to know from legal packs, guides, catalogues and many more, because lets just face it buying property is stressful and the negotiations could take days or months whereas at an auction the purchase is spontaneous and it takes less time. However there are things that you need to be aware of.

We will offer you a few tips about how to bid and buy from Property auctions in South africa and generally at auctions.

Buying property on auction

• View and inspect any property that you want to buy at Property auctions in South africa or get someone you trust to do so on your behalf if the property is in a distant location.
• Arrange finance If you decide to bid on a property, you must get your money right! You will need to buy it well ahead of time. Auction sales are non-suspensive, which means that they do not allow time for you to go and arrange mortgage finance after the fall of the hammer.
• If you want to make your bid by cellphone, you will also need to arrange this before hand. You will have to complete a proxy form that mandates the auctioneer or assistant to record your bids, and you will need to pay the (refundable) auction registration fee.
• You should gather as much additional information as you can about the property and the area ahead of the auction. Good auctioneers will be able to supply you with copies of the title deed, the site diagram, the plans of the property, any lease agreement and the zoning certificate if relevant.
• Next it is essential that you get a copy of the Conditions of Sale for the property and read it very carefully before auction day.

For more articles like these visit: Auctions in Johannesburg