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properties
You have to register before the auction by means of paying a security deposit (refundable if you are not the highest bidder) and also provide a copy of your ID as well as proof of residence.Â
The auctioneer will ask you to complete a bidder’s registration card and you must also complete the bidder’s registration at the registration desk.
The auctioneer is not allowed to take bids from anybody has hasn’t followed and complied with the registration process.
A security deposit is required to protect the auction and bidding process as well as the potential bidders to ensure that everyone attending an auction complies with the terms and conditions of the auction and not simply chase the bid up.
Auction sales are non-suspensive. If you bid on an auction you must be sure that you will be able to get finance and comply with the terms and conditions without any suspensive conditions.
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