This is a Standard Bank Repossessed Property. Standard Bank uses your Pre-auction offer to determine which properties go on auction next. All online bids and Pre-Auction offers on Standard Bank's Repossessed properties must be logged on this system. Email any queries to StandardBank@myroof.co.za .
The steps involved in buying a repossessed property on online auction is similar to that of buying any other property at an auction. If your bid is found to be successful at the end of the auction after the auction closed, you will receive an email to notify you, which will contain the Conditions of Sale contract as well as instructions to pay your 10% (or more) deposit. At this stage you will have 48 hours to pay your cash deposit in order for Standard Bank to proceed with the transaction. Once your deposit is paid Standard Bank will require you to complete and sign the Conditions of Sale contract and fax to 086 517 0269 along with a certified copy of your ID book as well as proof of residential address (water and electricity bill). If you require finance for this property, you can apply at any bank for a bond, as you would do on any other property. You need to take the signed Conditions of Sale contract to them with the application documentation. Please take note that according to CPA regulations obtaining finance can not be a suspensive clause in the contract. Read Standard Bank frequently asked questions for more info about Standard Bank Repossessed Property
Standard Bank Disclaimer
This list is produced by the Standard Bank of South Africa Ltd ("the Bank") for information purposes only. All properties are sold "voetstoots" (meaning as is), and prospective purchasers' are advised that the Bank does not guarantee vacant occupation of the properties being sold, and purchasers will have to obtain vacant occupation at their own cost. You are advised to consult the relevant Deeds Registry Office for accurate information pertaining to a particular property, such as size, endorsements, servitudes etc. By making an offer on any property advertised on MyRoof.co.za, online, or using any other medium you warrant that you understand that making an offer is not a binding process and Standard Bank, in its sole and unbiased discretion, and for whatever reason retains the right to accept or reject any offer at any time for whatever reason and is not obliged to accept the highest offer. All users of the information on this website do so at their own risk. Neither the Bank nor MyRoof.co.za will be liable for any losses of whatsoever nature incurred, as a direct or indirect result of the use of the information on this list.
Standard Bank recommends that potential purchasers visit(s) and inspect(s) each property prior to submitting a bid via the online auctioneering platform to ensure that potential purchasers familiarize themselves with the condition of the property, prior to submitting a bid. If potential purchaser(s) are not able to view and inspect the property, Standard Bank advises potential purchaser(s) to refrain from participating in the bidding process.
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