Buyers
How to Register and Bid on a property
Register to Bid Online
A STRAIGHTFORWARD PROCESS FROM START TO FINISH
In order to bid online at a SEAPS Auction you will first need to create an account by providing your contact details. There are three places across the site where you can do this, either select the ‘bidders registration’ point of navigation on the top right or if you are at Lot level you can press the blue bid now button on the Lot page, you can also register in the ‘My Account’ section of your SEAPS account.
You will be required to verify your email address or contact No. by clicking an activation link that we’ll send to you via email. Once you’ve created an account you can ‘watch’ lots that you’re interested in (you’ll be kept up-to-date throughout the auction cycle) In order to place a bid on a lot you will need to complete the bidder registration steps, as detailed below.
Please note, the first time you register to bid you will also be asked to verify your mobile number and upload copies of your photo ID (e.g. driver’s license or passport) and recent proof of address (dated within the last 3 months). This is required so we can easily keep in touch and helps us confirm your identity in the event of you purchasing a lot.
Verify your identity
When registering to bid online the ID provided is securely stored with the online bidding platform. We are unable to access these ID documents and therefore in addition to the Identity Verification used to register to bid online all successful Buyers will be required to provide the full names and address of the Buyer for Auction Contract purposes, the Bidders details (if these are different from the named Buyer) and the Lawyer/Legal Representative. In compliance with the Money Laundering Act all Buyers are required to provide photographic identification and proof of address.
Buyers must present the following documents such as photographic identity document such as a current passport or driving license and an original utility bill, or or bank statement or any other form of identity document that has been issued within the last three months and that provides evidence of residency at the correspondence address.
If the Bidder is acting on behalf of another party, they will be required to provide the documents detailed above for both themselves and certified copies for the named Buyers for whom they act, as well as providing a valid letter of authority from the Buyers authorising them to bid on their behalf. If the bidder is acting on behalf of a company, the above documents will still be required, together with a copy of the Certificate of Incorporation and identification.
Enter Payment Details
At Registration you will be asked to pre-authorise and verify the credit/debit cards or bank details for the full or part payment of the deposit if you are the successful bidder.
Following your successful bid, you will then be contacted by a member of the SEAPS team for the balance or the full deposit, which is 10% of the purchase price (If the purchase price is less than $30,000 then a minimum deposit will be payable) together with the appropriate administration fee per lot.
The balance of the deposit and administration fee is due within hours and is payable by bank transfer.
a copy of transaction payment confirming your purchase to our client or client Account details will be sent to you as soon as the buyer is agreed at the auction.
We have a primary duty to our clients (the Sellers) and reserve the right to immediately re-offer any Lot if the deposit conditions are not strictly adhered to in accordance with our Conditions of Sale.
Pay Administration Buyers Fee
An Administration Fee is payable at the same time as the deposit for each Lot purchased. The administration fee will be added to the sale price on the following scaled increments.
Up to $29,999 = $500 deposit
$30,000 to $99,999 = $1000
$100,000 to $249,999 = $1500
$250,000 to $499,999 = $2000
$500,000 to $749,999 = $3000
$750,000 to $999,999 = $4000
$1,000.000 Up Wards = $5000
We request or offer advise for lawyers /licensed conveyancers details as these will be added to the Memorandum of Sale which is part of the auction contract on the day of sale.
