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The fall of the hammer signals a win at the auction, but the work doesn’t stop there. Taking possession of your new property involves several crucial steps to ensure the transition is as smooth as possible. Immediate Aftermath: Payment: Clarify the payment terms and deadlines for the deposit and the balance of the purchase price.

Buying a property at a sheriff auction in South Africa comes with unique legal considerations. As a potential buyer, you have specific rights designed to protect you, but you also shoulder certain responsibilities. Here’s what you need to know before you raise your hand to bid. Legal Framework:Learn about the South African legal system’s stance