Bank Repossessed Cars & Homes Auctioned Off

Vehicles and homes for sale at bank repossessed auctions and sheriff auctions for those looking to buy a cheap bargain from major SA banks like Standard bank, Nedbank, Absa and FNB are held on a regular basis throughout South Africa. Many of South Africa’s top auctioneers have branches and regular events in Johannesburg, Durban and Cape Town. They also hold monthly or by weekly repo and sheriff auctions in Bloemfontein, Port Elizabeth, Nelspruit, Polokwane (Pietersberg), Knysna and Pinetown to name a few.

Those looking to buy vehicles or homes for sale at bank repossessed or sheriff auctions need to exercise a little caution and remember that the reason they have been taken back from people who have likely been in debt and could not afford the monthly repayments. This often means that the maintenance of the automobile or property may have been neglected and regular servicing or repairs have probably not been carried out when necessary. It is advisable to take a mechanic with you if at all possible to have a good look over the vehicle before bidding and the same for a property, someone with construction knowledge is advantages before bidding at the auction. Most of these events have a showroom area where repo cars, bakkies, motorcycles, trucks, vans and planes can be viewed before the bidding begins, with properties always try and view the property where possible before the repossessed or sheriff auction.

Most of the major banks in South Africa like Nedbank, Absa, Standard bank and FNB have no problem in financing automobiles or properties of this nature and some of them will have areas set aside at the auction events for those who need to apply for finance on the spot. There is usually a deposit to be paid up front before any bidding gets under way at an auction event and the amount will differ from one place to the next, some for an example might be R2000 up to R30000 this all depends on the auctioneers terms and conditions. If you are new to the auctioning and bidding process this is where our auction services are invaluable to you. However there is always someone available to help explain the process to you and what to expect when bidding. A good tip is to attend one or two auction events before you are ready to buy just to observe exactly what goes on and how they sell vehicles and properties for sale at bank repossessed or sheriff auctions throughout South Africa. 

 

Bid4Me Auction Services will attend and did on your behalf at the auction that you have selected and we provide a video aswell at an additional fee for you, this can be viewed after the auction as well to see all the goings on at the auction that you registered for from the comfort of your own home or office.

We Do Auction For You.