Conventional Property Selling vs Auction Property Selling
Craig Brigg, National Marketing Manager of in2assets Property Marketing specialists explains that there are many ways in which these two methods of property sale are different. Brigg examines the two methodologies side by side, to help understand why they are very different sales approaches.
Buying on Auction
Whether you are looking to buy a car or property on auction, the general process is the same.
Can one withdraw their bid legally?
Is it ever legal to withdraw a bid?
Pre-Auction offers in South Africa
Theauctioneer.co.za has been asked if you can make a pre-auction offer and what this means. Pre-auction offers are bids that are made before the auction begins. This means that bidders are able to place their highest offer of bid prior to the auction. In most cases the auctioneer will hold this bid price as an opening bid or target bid. In some small cases, the auctioneer will cancel the auction if the pre-auction offer has been accepted.
How to Buy Property on Auction
A property on auction no longers means that the property is a bank repossession or a distressed property. Today auctions are quickly becoming the main avenue to sell property in South Africa. Although the vast majority of South Africans do not understand the process of how auctions are run and many people are intimidated by the auction process.
All your online bidding questions answered
Aucor, the proven leaders in auctions, goes online with aucorlive.com. Powered by i-bidder.com, Aucor Live offers timed and live “real time” auctions.
This is exciting news for the South African auction industry, but as its all so new, we thought we should outline how it works. So, if you’re not a seasoned auction buyer but have been attracted by the availability of stock online or you’re just not sure about this whole Internet thing, READ THIS ARTICLE!
Tips for buying distressed properties
Get Pre-qualified Before wasting valuable time making offers and waiting for an answer, make sure you have the loan
Correctly value a property
By Karen Hall, with Evan HarperEvan Harper, a stalwart in the auction industry, has recently joined the Auctioneer sales team. As an experienced valuer, we thought it would be helpful to get his views on the importance of correctly valuing a property when buying or selling on auction. This is the advice he has to give…
14 Questions to ask before auctioning your home
Not every home auction is a distressed sale.
A small number of sellers are deciding to sell at auction rather than using the more traditional sales method, either because they want to move relatively quickly or because they believe the bidding process will produce the highest price.
Buying Property At Auction - Avoid The Pitfalls The Auctioneer’s top 8 tips
Purchasing property at auction can be a great way to acquire property, but it also can be an expensive nightmare. We’ve covered a few legal considerations so we thought we’d summarise our articles so far into, these top 8 suggestions to make purchasing property at auction more rewarding and profitable.