RE/MAX ADVANTAGE MULTI-PROP ONLINE AUCTION
Auction Open: 25th February at 12:00 / Auction Close: 1st March from 12:00
Cascading Closing: Items will not begin to close while the item immediately preceding is still accepting bids.
Staggered Closing / Lot Closing Speed - 1 lot every 3 minutes (+ 2 min Auto-Extend)
Registration Fee | : | R10 000 refundable |
Confirmation Period | : | 7 days confirmation period by the seller |
Deposit on Purchase Price | : | 10% payable by electronic transfer (EFT) |
Guarantees on Balance | : | 14 days from date of acceptance |
Buyer’s Commission | : | 2% plus VAT |
Outstanding Rates and Taxes & Levies | : | SELLER is liable for all outstanding rates and taxes & levies |
Bidders must adhere to FICA requirements on registration. No cash will be accepted for the auction. | ||
TO PARTICIPATE IN THIS ONLINE AUCTION, PLEASE COMPLETE THE RULES OF AUCTION / BIDDER PARTICIPATION FORM (DOCUMENTS TAB). By signing The Rules of Auction / Bidder Participation Form, you consent and agree to be bound by the Auctioneers General and Specific Rules of Auction in addition to any other conditions specified by the Auctioneer or the Seller. These Rules of Auction are not negotiable, so if you do not agree with them do not register to bid on this auction.
Please ensure all your documentation is sent back for verification by close of business on Monday 28th February to auction@tirhani.co.za
NOTES: RESERVE: This auction is 'With Reserve'. Although you may be the ‘High Bidder’ for a Lot, note that if the Reserve is not met, there is no commitment from the Seller to sell. The sellers shall be entitled to instruct the auctioneer to accept a lower bid. The Auctioneers reserve the right to refuse or accept the bid of any bidder should they be unable to satisfy any of the above notices or the Rules of Auction.
EXTENDED BIDDING: This auction features EXTENDED BIDDING. Any lot with a bid within 2 (TWO) minutes of its scheduled closing time will remain open for bids past its normal close; it will go into extended bidding.
MAX BIDDING: When you place your maximum bid, it will be placed at the reserve price if said max bid exceeds the reserve. If the Max Bid amount is below the reserve, the bid will be placed for the full amount. The 'System' will automatically bid against you at the set increment until reserve is met, at which point the system will stop. If you are the highest bidder, the lot will be sold to you, unless another bidder out bids you.
TECHNICAL ISSUES: In the event there are technical difficulties related to the server, software, Internet or any other online auction-related technologies, Tirhani Auctioneers reserve the right to extend bidding, continue the bidding, or close the bidding. Neither the company providing the software, nor Tirhani Auctioneers shall be held responsible for a missed bid or the failure of the software to function properly for any reason.
Control of the auction shall be entirely managed by the auctioneer, who has the sole right to regulate the bidding process and control the bid increments. The auction will be conducted per rising bid in South African Rands.
Please feel free to contact a member of our staff if you have any questions.
Property Queries Theo Louw 083 946 0218
General Queries Charlotte Mutsharini 082 329 8194
To participate in this online auction, complete and submit all required documents by 4PM on the cut-off date on the Tirhani Auctioneers Buyer’s Portal.
By signing the Rules of Auction and Bidder Participation Form, you the bidder/buyer consent and agree to be bound by the Auctioneers General and Specific Rules of Auction in addition to any other conditions specified by the Auctioneer or the Seller. These Rules of Auction are not negotiable, so if you do not agree with them do not register to bid on this auction.
This auction is 'With Reserve'. Although you may be the ‘High Bidder’ for a Lot, note that if the Reserve is not met, there is no commitment from the Seller to sell. Tirhani Auctioneers reserve the right to extend bidding, continue the bidding, or close the bidding. Control of the auction shall be entirely managed by the auctioneer, who has the sole right to regulate the bidding process and control the bid increments. The auction will be conducted per rising bid in South African Rands.
