South African Auction Properties

property auctions opposed to private property sales selling via conventional methods have become more and more popular with sellers and buyers over the last few years. properties on auction in most cases are urgent sales, whether it is financially challenged or simply a highly motivated seller. auction properties are generally sold not subject to buyer selling another property or the buyers ability to secure a bond over property. generally the sale will be subject just to either a certain reserve that needs to be met or the sellers confirmation of sale. if the seller accepts the offer, the buyer will stand to forfeit commissions and or deposit if the buyer fails to proceed with the buy.