Registration on Auction day
FICA Registration Requirements
- ID Book
- Proof of Residence
- Letter of authority to sign on behalf of a juristic entity
- R10,000.00 refundable registration deposit prior to the commencement of the auction by way of Cash OR Electronic Funds Transfer (EFT)). No Credit or Debit Cards accepted
PAYMENTS IMMEDIATELY AFTER THE AUCTION
- 10% Deposit as well as 5% auctioneers commission plus VAT on commission, immediately after the sale by way of cash or electronic funds transfer. Unfortunately no exceptions due to our mandate.
- Non payment of 10% deposit and 5% auctioneers commission will be viewed as cancellation by purchaser and will result in an immediate reselling of property, among those present.