If you need assistance and are currently looking for a suitable PROPERTIES such as land, apartment, condo, landed property, shop . ect.....within a reasonable and lower price then market value in all around malaysia, you have come to the right site!
Why Buy At Auction ?
Smart investments are made as properties are usually purchased at fair market value through competitive bidding.
The buyers knows the seller is committed to sell.
In multi-property auctions, the buyers sees many offerings in the same place at the same time.
Buyers determine the purchase price.
Auctions eliminate long negotiation periods.
Auctions reduce time to purchase property.
Purchasing and closing dates are known.
Buyers know they are competing fairly and on the same terms as all other buyers.
Buyers receive comprehensive information on property via due diligence packet.
Who may bid?
Intending purchaser who posses a Bank draft/Banker’s cheque be equal to 10% or 5% (depends on bank’s requirement) of the reserve price is qualified to become a bidder. Qualified bidder may delegate another to act as an agent or representative in his behalf. The delegate is required to submit a Letter of Authority and NRIC card photocopy of the intending purchaser.
What should I bring for the auction?
NRIC card to qualify to bid and present it for identification and registration purposes.
Bank draft / Banker’s cheque amounting 10% or 5 % (depends on bank’s requirement) of the reserve price to be submitted during registration.
Extra fund as additional deposit to subsidize if there is man increment of the reserve price.
What to note at the auction:-
Always check the specific amount requested and the Bank Drafts/Banker’s Cheque are correctly payable.
Unprepared and inattentiveness during call bids will make you lose a probable opportunity.
Certainly do not bring personal or company cheques as Auction deposits.
To be present earlier to avoid disappointment.
It is important to listen to the auction proceeding very carefully to avoid unawareness.
Observe the details provided are correct in the Contract of Sale before endorsement
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