Your All-In-One Property Report
The Insider Report is specifically designed for sheriff auctions. It compiles accurate and verified information crucial to your decision making.
This two-minute guide will talk you through how to:
- Interpret the information provided
- Use valuation tools to help you to determine your price
- Spot discount opportunities
Let's get started...
Get Accurate Information
Successful buyers will tell you that proper research is the key factor of their success.
“You may have to pay a small fee in order to lay your hands on the relevant information, but this knowledge will prove to be invaluable when it comes time to bid.”
The more information you have, the more confident you will be setting your maximum bid. A confident maximum bid gives you a higher chance of winning the auction.
Inspect Deeds Office Records
The Deeds Office is the ultimate authority on land ownership in the country. You must always review the records held by the Deeds Office before bidding.
In the Insider Report, you'll find the folowing from the Deeds Office:
- Official legal boundaries
- The size of the property as registered in the deeds office
- The year in which the property was completed (for apartments)
Read The Government Gazette
For a property to be sold at a Sheriff Auction, it is a legal requirement to publish its particulars in the Government Gazette. This is a 'must-read' and can reveal:
- The property's condition and occupancy status
- Number of bedrooms, bathrooms, parking spaces, or garages
- The number of parking bays or garages
- The type of property (vacant stand, under construction, finished house, etc.)
- Details of cottages or outbuildings
- The transferring attorney's contact details
Determine Property Value
Valuing a property before bidding is critical because it provides a benchmark for determining a realistic bid price.
This ensures that you don't overpay and helps identify potential bargains.
The Insider Report provides several tools to make this process simple and straighforward.
Review Last Sold Price & Municipal Valuation
One of the best ways to determine the value of a property is by looking at its last sale price.
The Insider Report provides you with:
- Last Sold Price
- Sale & Transfer Date
- Municipal Valuation (where available)
Municipal valuations tell you how much the local authority thinks the property is worth. Together with the last sale price, you can get a fairly good idea of the property's true value.
Analyse Nearby Sales
The Nearby Sales tool gives you a bird's eye view of the property market in the area.
It gives you a list of all recent sales, with the sale date, property size, and exact location.
| Description | Size | Price | Transfer Date |
|---|---|---|---|
| 63 SUSSEX ROAD Cape Town | 262 | R750,000 | 05/08/2011 |
| 15 PARK ROAD Cape Town | 252 | R699,000 | 05/12/2012 |
| 54 OTTERY ROAD Cape Town | 408 | R640,000 | 17/02/2012 |
| 7 ESSEX ROAD Cape Town Erf 68797 | 345 | R600,000 | 11/03/2013 |
| 3 ROSS ROAD Cape Town | 141 | R300,000 | 27/09/2012 |
| 52 OTTERY ROAD Cape Town | 190 | R740,000 | 16/11/2011 |
Looking for a great value apartment?
The nearby sales tool is particularly useful when it comes to valuing apartments - especially if you are buying in the same complex or development.
In these cases, it can be accurate to value a property based on the price per square meter of recent sales. The same goes for vacant land.
See Suburb Trends
This trend analysis shows you the number of houses, apartments, or farms sold in the area over the years, along with the average sale price in each year.
All these insights will give you an excellent idea of a property’s worth – so you can head to the auction with confidence in your bid price.
Spot Bargain Opportunities
Want to know where the real bargains are?
The ultimate source of bargain properties are of course Sheriff Auctions. The key bidder in a Sheriff Auction is the bank. They are only looking to recover a portion of their losses, so its always useful to know how much they are owed.
The Insider Report shows you what bonds are registered against the property, so you can see how much the bank might expect. So be on the lookout for properties with low bond amounts.
Your Complete Property Report
As you’ve seen, the Insider Report contains vital information for anyone bidding on a property.
Without it, you’d have a hard time finding:
- The value of the property
- Accurate data about the property
- The condition of the property and if it’s currently occupied
- How much is owed on the property
With access to Insider Reports, you’ll have enough information to bid confidently on your dream home or investment.
By upgrading, you can access as many reports as you need in your chosen areas.
You’ll also get up to 60 days notice for upcoming auctions, as well as full property descriptions, and custom twice-weekly email alerts.
I bought a 2 hectare property in Glen Austin for just over R2m and its valued at over R4m. Your site made this really simple for me.
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