Certainty of purchase of your desired property
Buying a property through auction is efficient and transparent. At the auction hall, you will immediately hear all competing bids as you place yours. There is no lengthy negotiation and once your bid is accepted as the winning bid, the property is yours.
Knight Frank conducts a property auction every month. As with other modes of sale, you can request to view the property on auction and the conditions of sale.
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Step 1:
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Browse and view property
View properties on auction online on our website or the auction listing flipbook.
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Step 2:
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Register to bid on property
Register for the property you wish to bid for. Registration generally opens 10 days before the scheduled auction. You must review and agree to the conditions of sale before registering.
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Step 3:
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Property auction
On auction day, be present at the auction hall with your cheque for the sales deposit that must be paid when you are the successful bidder. For commercial properties, a separate cheque is required for GST payment to GST-registered vendors.
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Placing the highest bid does not automatically qualify as a successful bid. The auctioneer will refer to the seller before accepting and declaring the winning bid.
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A swift mode to sell your property
Whether you are selling a house, commercial or industrial property at auction, we have done them all. Property disposal through auction is a straightforward process with minimal seller involvement, price haggling or unnecessary negotiation on the conditions of sale. Our team will guide you through end-to-end from listing and marketing to acceptance of the highest bid.
Three easy steps from contact to conclusion
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Step 1:
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Connect with us
Contact our team with details of the property to be disposed and the conditions for its sale, including the reserve price.
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Step 2:
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Appoint us to market your property
Our team will advise you, and oversee the process from listing and positioning to viewing and marketing.
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Step 3:
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Property auction
On auction day, you will be kept informed of the highest bid. If you decide to accept the highest bid, the sales agreement will be made with the buyer (winning bidder) immediately based on the conditions of sale.
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If the property is not sold during the auction, it can be put up for auction in the following month or sold by private treaty after the auction.
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