ClareMart Auction Group

ClareMart Auction Group is a South African auction company that specializes in the auctioning of residential and commercial real estate, as well as movable assets such as vehicles, art, and antiques. The company was founded in 2001 and is headquartered in Cape Town, with additional offices in Johannesburg and Durban.

One of the key strengths of ClareMart is its reputation for innovation and creativity in the auction industry. The company was one of the first in South Africa to introduce online bidding, and it has continued to invest in technology to make the auction process more efficient and accessible.

In terms of its track record, ClareMart has a strong reputation for achieving successful sales and delivering good results for both buyers and sellers. The company has sold a wide range of properties, from small apartments to large commercial buildings, and it has also handled some high-profile auctions of notable properties in South Africa.

The auction process and terms of ClareMart are transparent and fair. Before an auction, the company provides detailed information on the properties or assets being sold, including photographs, floor plans, and any relevant documentation. Bidding is open to all registered bidders and conducted in a competitive and transparent manner.

ClareMart places a strong emphasis on ethics and professionalism in its auctions. The company is a member of the South African Institute of Auctioneers and adheres to its code of conduct, which promotes ethical standards in the auction industry. ClareMart also has a dedicated compliance department to ensure that all legal and regulatory requirements are met.

The auction support and services of ClareMart are comprehensive and include assistance with property valuations, marketing and advertising, legal and due diligence services, and post-auction transfer and registration. The company also provides financing options for buyers who require assistance with financing their purchases.

In terms of pre-auction due diligence, ClareMart conducts extensive research and investigation on all properties and assets being sold to ensure that they are free from any encumbrances or legal disputes. The company also provides buyers with access to all relevant information and documentation related to the property or asset being sold, and encourages them to conduct their own due diligence prior to the auction.

ClareMart Auction Group is a reputable and respected auction company in South Africa, known for its innovation, professionalism, and track record of successful sales.

ClareMart Auction Group is a well-established auction company in South Africa, founded in 2002. The company has gained a reputation for conducting successful and professional auctions, particularly in the areas of commercial and residential real estate, as well as in the auctioning of movable assets.

Over the years, ClareMart has become one of the most prominent auction houses in the country, with a track record of high-profile and successful auctions. The company’s reputation is built on their expertise and professionalism in managing complex and high-value auctions, their excellent customer service, and their ability to achieve the best possible outcomes for both buyers and sellers.

ClareMart Auction Group has been recognized with numerous awards for their achievements in the industry, including being named the Best Property Auction House in South Africa at the International Property Awards in 2016, 2017, and 2018. Additionally, the company’s directors and staff have received recognition for their contributions to the auction industry and for their philanthropic work.

ClareMart Auction Group has established a reputation for reliability, expertise, and professionalism in the South African auction industry.

ClareMart Auction Group is a well-established auction house in South Africa that specializes in the auctioning of a wide range of properties and assets. The auction process and terms for ClareMart Auction Group are as follows:

Auction Catalog: ClareMart Auction Group produces an auction catalog for each auction that lists all the properties and assets up for auction. The catalog includes a detailed description of the properties or assets, photographs, and any other relevant information.
Registration: Before bidding, prospective buyers must register with ClareMart Auction Group by completing the registration form and providing the necessary documentation, such as a copy of their ID or passport and proof of residence. This is to ensure that only legitimate buyers participate in the auction.
Viewing: Prior to the auction, ClareMart Auction Group provides potential buyers with the opportunity to view the properties or assets up for auction. The viewing usually takes place a few days before the auction and is open to the public.
Bidding: Bidding is done either in person, online, or by phone. Prospective buyers can bid on the properties or assets they are interested in by raising their bid paddle, submitting an online bid, or making a phone bid. The bidding process is overseen by an auctioneer who facilitates the auction and ensures that all bids are genuine.
Reserve Price: The reserve price is the minimum price that the seller is willing to accept for the property or asset. If the bidding does not reach the reserve price, the property or asset may not be sold.
Payment: Once the auction is concluded, the winning bidder must pay a deposit to ClareMart Auction Group, usually within 24 hours of the auction. The balance of the purchase price must be paid within a specified period, usually 30 days, unless otherwise agreed.
Transfer of Ownership: Once the purchase price has been paid in full, ClareMart Auction Group assists in transferring the ownership of the property or asset to the buyer.
Buyer’s Premium: ClareMart Auction Group charges a buyer’s premium, which is an additional fee charged on top of the purchase price. This fee covers the costs associated with the auction, such as advertising, auctioneer fees, and administration costs.

ClareMart Auction Group is committed to conducting its auctions in a fair and transparent manner, ensuring that all bidders have an equal opportunity to participate in the auction and that all sales are conducted in accordance with applicable laws and regulations.

ClareMart Auction Group is known for its transparency and ethical practices in the South African auction industry. The company upholds a strict code of conduct and operates with integrity, honesty, and fairness.

They ensure that all bidders are treated equally and that the auction process is conducted in a transparent manner. ClareMart Auction Group provides full disclosure of all relevant information related to the property being auctioned, including any potential defects or issues that bidders should be aware of.

The company also has a well-defined and comprehensive complaints procedure in place to handle any issues that may arise during the auction process. This further reinforces their commitment to transparency and ethical practices.

ClareMart Auction Group has a reputation for being a trustworthy and reliable auction company, which is reflected in their long-standing relationships with clients and the industry as a whole.

ClareMart Auction Group is known for providing a comprehensive range of auction services in South Africa. The company offers both traditional and online auctions, allowing bidders to participate in auctions from anywhere in the world. They have a team of experienced professionals who are committed to providing clients with exceptional service and support throughout the entire auction process.

ClareMart Auction Group offers a range of support services to clients, including auction valuations, property management, marketing and advertising, and legal services. They work closely with clients to ensure that their needs are met and that they receive the best possible results from their auctions.

In addition to their support services, ClareMart Auction Group provides bidders with access to a range of resources to help them make informed bidding decisions. This includes detailed property information, viewing opportunities, and access to experienced auctioneers who can provide guidance and advice.

ClareMart Auction Group is committed to providing a transparent and ethical auction experience for both buyers and sellers. They adhere to strict ethical standards and are committed to upholding the highest level of professionalism and integrity in all of their dealings.

ClareMart Auction Group has a thorough pre-auction due diligence process in place to ensure transparency and accuracy in their auctions. Before any property is auctioned, they conduct a comprehensive investigation to establish all the necessary information required to ensure the successful sale of the property.

Their pre-auction due diligence process includes the following:

Property Inspection: ClareMart’s team of experts inspect the property and compile a detailed report on the condition of the property.
Title Deed Search: They conduct a title deed search to verify the ownership of the property and to ensure there are no outstanding debts or encumbrances.
Municipal Account Verification: ClareMart verifies that the municipal accounts are up to date and paid in full, including any outstanding rates and taxes.
Levy Clearance Certificate: If the property is located in a sectional title development, ClareMart verifies that the levies are up to date and paid in full.
Zoning Verification: They verify the zoning of the property to ensure that it is suitable for the intended use.
Compliance with Regulations: They ensure that the property complies with all regulations and by-laws, including zoning restrictions, building codes, and environmental regulations.
Auction Legal Documentation: ClareMart’s legal team reviews all legal documentation, including title deeds, contracts of sale, and all relevant legal documents, to ensure the property can be sold legally.

By conducting a thorough pre-auction due diligence, ClareMart Auction Group ensures that all information regarding the property is accurate, and potential buyers can make informed decisions. This transparency builds trust among potential buyers, which leads to successful auctions.

ClareMart Auction Group has one main branch in South Africa located in Cape Town, with other branches located in Johannesburg and Western Cape. However, they conduct auctions across the country and their services are not limited to a specific region.

CONTACT ADDRESS

Cape Town – Unit SP8 A-C Somerset Square, 55 Somerset Road, Green Point, Cape Town, 8051
Johannesburg – 4 Boyle Place, Edenburg, Sandton

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