Important Information
Should you wish to find out more about bidding online contact Tanya / Micaela on 063 294 0252 for assistance.
No limit on amount of timeshare weeks you can buy!!
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NO DEPOSIT REQUIRED TO BID
Buyers Commission: 10% plus VAT on the hammer price
Vat: All bids exclude VAT at 14%, which will be added to the final bidding amount
All Units are RCI affiliated
Note that ALL weeks offered to date are available for occupation in 2016
All bids are Inclusive of Transfer fees.
Transfers:
Sectional Title : 6 to 8 weeks
Shareblock : 3-6 weeks
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For all South African Auctions - The Auctioneer :The Definitive Auction guide
Terms and Conditions
Rules of auction
"The Auctioneer" shall mean: Realty Arena cc in conjunction with I-Bidder.com
"The Purchaser" shall mean: the person to whom the time-share week is knocked down to and sold by the Auctioneer and who actually bids for the property.
- On signature of the agreement by the purchaser, the Purchaser shall pay a buyers premium of 10% (ten percentum), plus VAT of the purchase price, which shall be deemed to be earned by the Auctioneer and payable to him upon signature.
- The final bid is exclusive of vat.
- The purchaser records that he shall be bound by announcements made by the Auctioneer at the commencement of and during the sale whether or not he is present at the time such announcements are made.
- Should the Purchaser fail to sign the Agreement immediately after the time share week(s) shall have been knocked down to him, when requested to do so, the Auctioneer may without prejudice to any other remedies available to him, declare the sale cancelled and again put up the time share week(s) for auction.
- If the highest bidder to whom the time share week(s) is knocked down is acting on behalf of a principal he shall on signature of the Agreement declare the name and address of his principal to the Auctioneer and furnish to the Auctioneer his written authorisation so to act.
- The conduct and control of the auction shall be executed entirely by the Auctioneer, who will regulate advances of bidding.
- The Auctioneer alone shall have the right at any stage of the auction of determining the last bidder.
- The Auctioneer shall have the right to discontinue and recommence the auction.
- The Auctioneer may reject or refuse to accept any bid including the highest bid without assigning any reason therefore, and he may withdraw the time share week(s) for sale either before or after it has been put up for auction. Any refusal or withdrawal by the Auctioneer shall be deemed to be a refusal or withdrawal by the Seller.
- Should any dispute, disagreement or claim arise between bidders at the Auction, the parties shall submit the dispute for resolution by the Auctioneer whose decision shall be final and binding on the parties.
- Each bid shall be a binding offer, exclusive of vat and will be irrevocable until such time that the time-share week(s) is knocked down.
- In the event that the time share week(s) shall consist of several lots the Auctioneer may offer the time share week(s) in the first instance in one lot or in several lots as he may determine at the sale; or withdraw the time share week(s) or any lot at any time before it has been actually knocked down.
- As the Auctioneer is acting as agent for the Seller, the Purchaser shall not have any claim against the Auctioneer howsoever arising and whether the Seller's name is disclosed or not.
- The Auctioneer shall be under no financial liability in respect of any matters arising out of the auction or particulars of sale or in the conditions of sale.
- The Purchaser shall have no claim against the Auctioneer in respect of any damage or claim suffered by or made against the Purchaser by reason of the Purchaser entering into the contract to purchase or to acquire any other interest in the time share week(s).
- It is hereby agreed between the parties hereto that this Agreement constitutes the entire agreement between the parties hereto for the Sale and Purchase of the time share week(s) and that it may only be varied or modified in writing and signed by the parties and that no representation warranty or statement whether written or oral or implied hereto made by or on behalf of one party to the other shall be capable of being treated as forming any part of this Agreement or as an inducement by the Seller to the Purchaser to enter into this Agreement.
- The Purchaser undertakes to provide the prescribed documents and information as required in terms of the Financial Institutions Control Act (FICA) to the Sellers Attorney upon demand.
- The parties hereto record their acceptance of the conditions governing the rights and duties recorded in the agreement.