Home & Hectare proudly presents an innovative platform for online property auctions, a trusted way to buy and sell property, from residential to agricultural and commercial, securely and with ease. Backed by the wealth of expertise and experience of agri-giant BKB Group.
View our selection of residential, commercial, and agricultural properties on auction in the specific region that you wish to purchase in.
To begin bidding, you’ll first need to create your own account. Once you’ve signed-up, a verification email will be sent to you. Once you’ve clicked on the link in the email you’re ready to start bidding.
When the auction begins, you will have a live view of the auction process, photos, or video of the property being auctioned and the current highest bid. You can then proceed bidding as if you were attending in person.
Once the auction is successfully concluded, all the information from the auction, including all bids placed in chronological order, will be published on the Home & Hectare website.
The auction is not subject to any suspensive conditions which include a bond. You are welcome to get a bond, however you must be certain and have proof that you will be able to pay for the purchased property in the event that you are unable to secure a bond. We recommend that you apply for a pre-approval which will serve only as proof of your affordability, our conditions of sale don’t cater for post bond approvals.
On the day of the auction.
You will need to submit your FICA documents as well as proof of payment of the registration fee (if applicable).
The auctioneer has the legal right to protect the interests of the seller/s and may raise the price to match the seller’s reserve price.
Yes, you may submit an offer after the auction if the sale has not yet been confirmed, but the increased offer will be submitted to the highest bidder at the auction, who has the right to match or exceed your offer.
In the event that the seller does not accept your offer and we are unable to negotiate an acceptable price then the deposit and commission paid will be refunded to the bidder.
Refunds are usually processed within 24 hours and can take up to 48 hours to reflect in your bank account. If the auction was held over a weekend, the refund will be processed on the following Monday.
Yes, it will be possible as long as we receive proof of the available funds and the bank can provide a written guarantee that the funds will be available in 48 hours.
Yes, you may, as long as you submit a mandate from the person or legal entity represented, confirming that you are permitted to bid on their behalf and at what price. You will be required to sign personal surety on the day of the auction. Should the person or entity on whose behalf you were bidding on be unable to take transfer of the property then you will be deemed as the Purchaser and become responsible for the terms of the agreement of sale.
The seller will reserve their right to take the necessary legal action should you enter breach of contract or fail to fulfil any of the obligations stipulated in the Conditions of Sale. They may exercise their various options also stipulated in the Conditions of Sale. Should you remain in breach of contract, all monies paid by you to the auctioneer and/or seller will be forfeited as pre-estimated damages.