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What types of auctions does Vincerò Auctioneers offer?
We specialize in auctions for both property and movable goods. Our auctions are conducted live onsite, virtually, or entirely online. Each listing specifies the auction format — be sure to check the details.
Is Vincerò Auctioneers compliant with South African auctioneering regulations?
Yes! Vincerò Auctioneers is a registered private company, fully tax-compliant, and accredited by the Property Practitioners Regulatory Authority (PPRA). We hold a valid Fidelity Fund Certificate (FFC), and our CEO is a licensed real estate property practitioner with her own FFC.
What are the pros and cons of buying a property at auction?
Advantages: • Speed: Auctions are quick—no long negotiations or delays. • Potential Savings: Properties may sell below market value, offering buyers great deals. Considerations: • Immediate Costs: Deposits are due on the auction day. • Sold 'As Is': No guarantees on the property’s condition, so inspections are essential.
How do I participate in a Vincerò Auctioneers auction?
Simply register before the auction begins. Each listing includes a registration link. Read the Rules of Auction and Auction Guidelines before bidding—your bid is legally binding!
Where can I find the Rules of Auction?
Our Rules of Auction and Auction Guidelines for onsite and online auctions are available on our Auctions listings. Review them carefully before placing a bid.
What fees should I expect when buying at a Vincerò auction?
• Auctioneer’s Commission: 10% of the final sale price + VAT (payable by the buyer). • Transfer Costs: Handled by the conveyancer and based on the final sale price. • Bond Registration Fees: If financing, bond registration costs apply. • Outstanding Rates & Taxes: In some cases, buyers may need to settle the seller’s arrears—check the Bidder’s Pack for details.
Will my registration fee be refunded if I don’t win a bid?
Absolutely! If you don’t make a successful purchase, your registration fee will be fully refunded.
What happens to my registration fee if I win the bid?
It will be applied toward the Buyer's Premium (10% of the final sale price + VAT). If the fee doesn’t cover the full amount, you’ll need to pay the balance immediately.
How can I bid successfully at an auction?
• Do Your Research: Review property details, legal issues, and valuations. • Inspect the Property: Attend viewings or arrange a professional inspection. • Secure Financing: Ensure you can cover the deposit (typically 10-15%). • Set a Budget: Know your max bid and stick to it. • Factor in Extra Costs: Buyer’s Premium, transfer fees, and potential repairs add up. • Practice First: ttend auctions as a spectator to get a feel for the process. • Stay Calm: Avoid emotional bidding—stick to strategy. • Understand the Rules: Know whether you’re bidding in a confirmation auction or a fall of the hammer auction.
What’s the difference between a ‘Subject to Confirmation’ auction and a ‘Fall of the Hammer’ auction?
1. Subject to Confirmation: The seller has a set period (usually 2-3 days) to accept or decline the highest bid. The sale is only finalized after confirmation. 2. Fall of the Hammer: The highest bid automatically wins, and the sale is legally binding the moment the auctioneer’s hammer falls.
How do I contact Vincerò Auctioneers?
We’re here to assist you! Reach out to us via: 1. Website Contact Form: Quick and easy—leave your details, and we’ll get back to you. 2. Email: info@vinceroauctioneers.co.za for detailed inquiries. 3. Phone: Call us at 062 817 6776 for immediate assistance. Whether you’re bidding, listing a property, or just exploring auction opportunities, we’re ready to guide you every step of the way!
Why should I consider auctioning my property?
Auctioning isn’t just for distressed sales or special circumstances—it’s a powerful, results-driven method for selling any type of property. Auctions create urgency, competition, and transparency, often leading to quicker sales and higher prices than traditional methods. This is especially beneficial for unique properties that struggle to attract the right buyers through conventional channels.
How much does it cost to sell my property at auction?
Unlike traditional sales where sellers pay an agent's commission, with Vincerò Auctioneers, the buyer covers the "Buyer’s Premium." As a seller, your primary cost is marketing, which is crucial for attracting the right buyers. We offer tailored marketing packages designed to maximize your property’s exposure while keeping costs reasonable. Contact us to explore the best option for you.
What type of properties are best suited for auction?
We handle all property types, including residential, commercial, industrial, agricultural, and luxury properties. Auctions are particularly effective for unique or high-value properties that require targeted exposure to attract the right buyers.
How long does the auction process take?
The entire process usually takes between 4-6 weeks from signing the auction agreement to auction day.
Are there risks involved in selling through auction?
Every sales method carries some level of risk, but auctions are structured to minimize uncertainty. The biggest concern for sellers is not meeting the reserve price. However, our expertise in pricing strategy, targeted marketing, and buyer engagement significantly reduces this risk, ensuring the best possible outcome.
Can I set a reserve price for my property?
Yes. The reserve price is the minimum amount at which your property can sell, ensuring financial security. However, setting an unrealistically high reserve can hinder your chances of a successful sale. Our team will guide you in setting a competitive yet fair reserve price to maximize interest.
How will my property be marketed?
We implement a multi-channel marketing approach, including online advertising, social media, email campaigns, and targeted property listings. You can choose from different marketing packages to ensure your property gets the exposure it deserves, reaching the right buyers at the right time.
What happens if my property doesn't sell on auction day?
We offer multiple sales pathways beyond the auction. If your property doesn’t sell on auction day, we can negotiate with interested buyers, re-auction the property, or transition it to a private treaty sale. Our expertise as both auctioneers and certified realtors gives you flexibility and additional opportunities for a successful sale.
How do I prepare my property for auction?
First impressions matter. A well-presented property attracts more interest and better offers. We’ll guide you on essential preparations, from de-cluttering and cleaning to minor enhancements that can significantly boost your property’s appeal.
What are the payment terms for auction commissions and marketing fees?
Marketing fees are payable upon signing the auction agreement, ensuring your property gets the exposure it needs. The buyer covers the commission, payable upon the fall of the hammer, making auctioning a cost-effective option for sellers.
How do I contact Vincerò Auctioneers?
We’re here to help! Choose the most convenient way to reach us: 1. Contact Form: Visit our website and fill out the quick inquiry form. We’ll get back to you promptly. 2. Email: Send us a message at info@vinceroauctioneers.co.za, and we’ll provide detailed answers to your questions. 3. Phone: Call us at 062 817 6776 for immediate assistance. Whether you're interested in listing your property, learning about upcoming auctions, or simply have questions, our team is ready to assist you. At Vincerò Auctioneers, we prioritize transparency, efficiency, and results. Let’s work together to get your property sold—hassle-free and at the best price possible!