"Our online auction initiative provides sellers with an additional, highly-efficient and 'immediate' channel to reach committed buyers who themselves, in turn, benefit from the convenience of a seamless, online trading platform which is accessible anytime, anywhere and on any device. Furthermore, properties are priced to sell and therefore represent exceptional value. All transactions are fully transparent and secure and are concluded immediately on the day of the auction." - Andrew Golding, Chief Executive

Next fully online auction to take place live in real time on 25 February 2021

View catalogue of 17 Priced-to-Sell properties here

Early in 2019, Pam Golding Properties forged a relationship with global auctions company BidX1, by launching this innovative online auction platform into the South African market, thereby leading the evolution of auctions away from historic perceptions of ‘troubled properties’ to a more respected and legitimate sales channel for both sellers and buyers alike. This partnership has now been further entrenched through the launch of Pam Golding Auctions, powered by BidX1.

BidX1 is recognised as one of the World’s leading and most innovative online property trading platforms, having already achieved sales success of over 10 000 properties across the globe, with a total sales value of in excess of R29 billion. In addition to this, BidX1 was recognised as the Best Proptech Innovation in Ireland in 2019, whilst also having recently achieved official Microsoft partner status.

This digital platform provides additional and easy access to our property portfolio, in the process identifying those properties which are ‘priced to sell on the day’!

Did you know? No need to wait for the auction… you can secure your ideal property NOW… by making a Pre-Offer!

Simply go to the property listing and click on ‘Make a Pre-Offer’ and our Area Specialist will be in urgent contact.

 

Benefits to buyers:

  • All properties are offered by committed sellers, who are very receptive to competitive offers
  • All properties are priced to sell and therefore represent exceptional value
  • Offers can be accepted pre-auction, thereby ensuring immediate pre-sale (subject to Seller confirmation). Sale ‘subject to finance’ can be arranged (subject to Seller confirmation).
  • Fair, fully transparent and secure platform provides complete peace-of mind
  • Immediate access from all mobile devices, anywhere, anytime ensures convenience and ease of use
  • Seamless online bidding in live time
  • Complete anonymity when bidding
  • Efficient and professional process from bidding to final transfer
  • Transactions formally concluded immediately on the day
  • Experienced property consultants from both PG Auctions and BidX1 on call at all times to assist

 

Benefits to Sellers:

  • Sell your property at an agreed point in time
  • Reserve price is predetermined by you, but all bids subject to your final confirmation...so no risk!
  • Real-time market-response provides accurate indication of current value
  • All buyers are pre-approved and therefore committed to bidding
  • Buyers compete for your property, thereby ideally pushing the price up...but no price cap
  • All bids are akin to a cash offer and non-suspensive (unless financed by prior agreement), so deal is final ‘on the day’
  • No extra cost to you i.e. the commission rate as already negotiated with your PGP Agent will not change
  • Additional Pam Golding Auctions digital marketing campaign for your property... plus a separate BidX1 digital marketing campaign, including dual listings on the property portals... giving your property more than double the exposure
  • Global reach of buyers via the BidX1 database of 100 000 registered buyers
  • No limitations... 3 opportunities to sell: before auction, at auction and post auction, as relevant

Get in touch

For further information on selling your property on auction, please contact Tania Smit, Head of Pam Golding Auctions, on 082 378 7990 or
auctions@pamgolding.co.za

Tania Smit, Head of Pam Golding Auctions