This email will detail the program over the next couple of weeks and what to expect from Auction Time.
Auction Time will call the Seller/Agent to discuss the property and plan moving forward.
Auction Time will follow up with the Listing Agent each week leading up to the Auction to discuss the campaign progress.
This is 1 of most important meetings leading up to Auction Day.
This meeting is held 48hrs prior to Auction Day.
This is where the total campaign progress and highlight are discussed and the Auctioneer and Agent will formulate the strategy leading into and on Auction Day.
This takes place 30 min prior to the Auction. This gives buyers a the opportunity to view the property 1 last time and also is when the Agent Registers the interested parties.
All intending bidders must be registered to bid by law in South Australia and will be given a bidders number to use during the Auction.
The Vendor must also sign off on all registrations they are willing to accept to bid on their property.
The Auction will be conducted in a predicussed location, typically the front yard of the property (weather permitting).
The owner will typically remain in a comfortable locale in the property so they can hear the Auction Action.
A Written Reserve Signed by the owner must be available and sighted by the Auctioneer to commence the Auction.
Depending on the outcome the Vendors will need to be accessible to discuss any changes of strategy during the Auction.
Once the bidding reaches the reserve price the property will be SOLD under the hammer under Auction Conditions.
Both Vendor and Purchaser are required to sign the Contract of Sale and the Purchaser is required pay a deposit immediately after the fall of the hammer, unless agreed in writing on the registration form which states payment on the next clear business day.