border1 border3
Today is Oct 21, 2019
Jenny YEO
Group Division Director
PROPNEX REALTY PTE LTD
CEA Licence No.:
L3008022J / R011509Z

yeo.jenny@ymail.com
Call (+65) 8333 0883
How to sell through AUCTION

Auction Guideline:


  • Seller to give details of property (address, area, tenure, maintenance charges, tenancy agreement, valuation report etc.)

  • Seller to confirm and sign the Auction Agreement Form and Reserve Price and send back to PropNex Realty Pte Ltd (“the Auctioneer’) together with the cheque for the upfront auction admin fee and a photocopy of the identity card to show proof of ownership

  • Seller to appoint their own lawyer to prepare the Particulars And Conditions of Sale (COS) and send the engrossed copy to the “Auctioneer” at least 5 days before the auction date

  • Seller to allow/arrange for PropNex Realty Pte Ltd (“the Auctioneer”) to inspect and take photos of the property and to conduct site viewings for prospective buyers as and when necessary.

  • Seller to review the Reserve Price upon receiving feedback from our advertisements enquiries.

  • Seller to refer all enquiries or offers from potential purchasers/other agents to PropNex Realty Pte Ltd (the “Auctioneer”).

  • Seller undertakes to pay PropNex Realty Pte Ltd (the “Auctioneer”) the agreed commission if the property is sold within our sole agency period either by us/any other agent/person/owners even if instruction was given to withdraw the property from auction sale.

  • Seller undertakes to pay Auction Fee of $535 inclusive of GST for the property.

  •  


     

     

    What are the advantages of listing the property for auction? 

    Sale by public auction of any property is arguably one of the most exciting, effective and rewarding methods of selling and buying. It is seen by many as the ultimate indication of value of the auctioned property. Sellers would have a feel of the market sentiment and expectations.

    It also assures Sellers that the highest bidder, upon entering into a contract of sale, will have to pay 10% deposit straight away as there is no cooling off period that should the purchase be by private treaty sale. 

     

    For more information, please call +65 8333 0883 or email to www.yeo.jenny@ymail.com

    border6 border8