Complete Auction Process

Property listed on Propworths.com with full legal pack, professional photos, inspection dates, reserve status, and special conditions. Marketing begins across the platform, email alerts, and partner channels.

Interested buyers submit their registration: government ID, proof of address, proof of funds or bank pre-approval, and registration deposit (if required). Approved bidders receive auction access credentials via email.

Scheduled open days for property viewing. Buyers review the legal pack: title deeds, survey reports, zoning certificates, compliance documents, and any encumbrances. Professional inspections and legal advice are strongly recommended.

Q&A period. Registered bidders submit questions via the platform. The auctioneer publishes answers visible to all registered bidders for transparency. Any addenda or changes to conditions are communicated here.

Online bidding opens at the scheduled time. Place bids in real-time from any device. Minimum bid increments may apply. If a bid is placed in the final 2 minutes, the auction auto-extends to prevent sniping. The highest bidder when the clock stops wins (subject to reserve and seller acceptance).

The winning bidder signs the agreement of sale / memorandum of sale within 24 hours. A deposit of typically 10% of the hammer price is payable immediately into the designated trust account. The buyer's premium (5–10%) is invoiced separately.

Conveyancing or closing attorneys are appointed. Due diligence is formalised, FICA/AML compliance checks are completed, and bond/mortgage applications are submitted (if applicable). The seller provides transfer documents.

Balance of the purchase price is paid. Title is transferred at the deeds office (or local equivalent). Keys are handed over. Congratulations — you are the new owner! The exact timeline varies by country and complexity.