ABOUT EMPIRE AUCTIONS PROPERTIES
Empire Auctions is a specialist property brokerage and auctioneering company.
Our stakeholders have over 20 years combined experience in the real estate and auction industries.
Our specialist property team are experts in auctioneering, brokerage and appraisals of property, providing accurate and in-depth knowledge, advice and service to both buyers and sellers of property.
We specialise in the disposal of commercial, industrial and residential properties through both the public auction method, as well as by private treaty.
With substantial advantages to both buyer and seller, auctions have become one of the most popular methods of buying and selling property in South Africa – and in many other countries.
Due to its competitive nature, auction has proven to be one of the best methods of establishing the highest price the market is prepared to pay for a property.
Our auction model is not limited to high-end properties and the Empire Auctions model caters for all types of properties – and our brokers know how to tailor a solution that will give the best results.
STEPS TO AUCTION
One of our expert brokers will conduct a site visit and prepare a detailed value assessment proposal, which will determine the most achievable selling price.
Together we will agree on a reserve price – one that you are comfortable with and one that we believe is achievable. Once the price has been agreed upon, we will ask you to sign a mandate, giving us permission to begin marketing your property for auction.
3.) BIDDER’S PACK
Our qualified brokers will commence the research, groundwork and due diligence required to compile a comprehensive Bidder’s Pack. The pack will contain all the relevant practical guidelines, legal information and certificates relevant to your property sale.
We target thousands of prospects by initiating a marketing campaign between 4 - 6 weeks before the auction event. Our innovative marketing techniques combine print, digital, outdoor and direct media, ensuring your property receives maximum exposure. We target a wide array of corporations, institutions, private individuals and investors, to ensure we find the right buyer for your asset.
5.) AUCTION EVENT
Empire Auctions specialises in on-site auctions, as our experience has shown that it is the most effective way for buyers to get a feel for the property. We also provide value-added services such as proxy bidding – which enables buyers to bid on your property asset telephonically – and more.
The mandate prescribes a reserve price which is set by the owner. Should this price not be achieved at the auction, the property will not be sold, unless the owner accepts the lower price.
Auctioneer's commission is paid by the buyer and not the seller -ensuring the seller receives the maximum amount from auction.
All offers received are
cash offers and will not be considered until the prescribed deposit reflects in our trust account. If the buyer withdraws from the sale once their offer is accepted, their deposits
will be forfeited.
The competitive nature of the auction ensures that the true market price is achieved.
SPEED OF SALE
The sale is unconditional
and not subject to any due diligence or bank finance approvals. Sales can be
concluded in as short a period
as 30 days from signature
of mandate and transfer
can take place within
30 -45 days.
TRANSPARENCY & GOOD CORPORATE GOVERNANCE
All property sales are conducted with complete transparency. Buyers and sellers are kept informed of any status developments with the property.
All bidders are required to pay a registration fee and produce their ID and proof of residence in order to bid on the day. This ensures all bidders are bona fide and motivated.
BENEFITS OF AUCTION
Empire Auctions (Pty) Ltd
Sloane Square Bryanston Johannesburg
078 185 3024 | 072 200 5637
Company Registration No. 2016/412351/07
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