Your-rights

Selling property by auction

通过拍卖出售物业

Auctioning your property

A property auction is a public sale:

  • usually conducted by an agent acting as an auctioneer, and governed by strict rules 
  • advertised for a specific place, time and date. Prospective buyers bid and the property is offered to the highest bidder. 

There is an advertising campaign with open house inspections for several weeks leading up to the auction date. The vendor does not have to advertise a reserve price or advise the agent of their lowest acceptable offer.

On the day of the auction the property may be open for inspection, for at least half an hour before the bidding starts. For more information on the rights of landlords, agents and renters in relation to open for inspections, view ourLandlord or owner entry to the property page.

Pre-auction offers

Buyers can make an offer through an agent before an auction if you agree to consider pre-auction offers. This will usually be in the form of a signed contract and the process of negotiation is the same as buying property by private sale.

If the offer is accepted less than three clear business days before the auction date, the buyer does not get a cooling-off period.

Auction conduct

There are strict rules about how an auctioneer runs an auction, and how people attending one must behave. Substantial penalties may apply to anyone who breaks these rules.

The auction rules and an information sheet that explains auction laws in Victoria must be displayed for at least 30 minutes before the auction starts. The rules and information sheet are set out in the Schedules to the Sale of Land (Public Auctions) Regulations 2014, which also set out the announcements an auctioneer must make.

Before bidding starts, the auctioneer must tell bidders:

  • the auction will be conducted according to the auction rules 
  • the rules prohibit bids being accepted after the fall of the hammer 
  • bidders will be identified on request 
  • it is against the law to make a false bid, hinder another bidder, or in any way intentionally disrupt an auction 
  • substantial penalties apply to anyone who engages in illegal auction conduct 
  • whether or not there will be vendor or co-owner bids 
  • any additional conditions that apply to the auction.

During the auction, anyone can ask the auctioneer a reasonable number of questions about the property, the contract, or the auction.

The auctioneer may:

  • refuse a bid at any time during the auction, including when the auction hammer is falling 
  • if there is a dispute over a bid, resume the auction at the last undisputed bid or start the bidding again 
  • refer a bid to you at any time before the conclusion of the auction 
  • withdraw the property from sale at any time.

Vendor and co-owner bids

Vendor and co-owner bids are allowed at auctions

If these bids are to be made at an auction, the arrangements for making vendor and co-owner bids must be:

  • set out in the rules displayed before the auction starts
  • announced by the auctioneer at the start of the auction.

Vendor bid

The auctioneer can bid on your behalf if you are not satisfied with the amount of the last bid. This type of bid:

  • can only be made by the auctioneer
  • must be announced by the auctioneer when the bid is made.

Co-owner bid

When a property is jointly owned, one or more of the owners who genuinely wants to buy the property may bid from the crowd.

Co-owners may bid themselves or through a representative in the crowd, but not through the auctioneer.

The arrangements for vendor and co-owner bids must be:

  • set out in the rules displayed before the auction starts 
  • announced by the auctioneer at the start of the auction.

It is illegal for you to bid from the crowd, or to ask another person to bid on your behalf, to increase the price for your property.

Dummy bidding

All dummy bids are illegal and attract significant penalties.

A dummy bid is either a:

  • false bid made up by the auctioneer
  • bid accepted by the auctioneer from a non-genuine bidder from the crowd.

Auction language: ‘on the market’ and ‘passed in’

On the market

The auctioneer may halt proceedings and say they are ‘going inside’ or ‘seeking advice or instructions’. The auctioneer will speak to you privately about the progress of the bidding.

If the bidding is close to or has reached your reserve price (the lowest price at which you will sell), the auctioneer will ask if you will sell at the last bid or any higher bid that is made.

Should you agree, the auctioneer will tell the crowd that the property is ‘on the market’. This means the property will be offered for sale to the highest bidder.

If bidding has not met your reserve, the auctioneer will seek more bids. If bids still do not meet the reserve, the property may be ‘passed in’ or ‘withdrawn from auction’.

Passed in

If bids do not meet your reserve or other price at which you are willing to sell, the property will be ‘passed in’.

The highest bidder then has first right to negotiate with you. This includes if the property was passed in on a vendor’s bid. 

When is the property sold?

There is no legally binding contract until you and the successful bidder at auction have signed the contract of sale.

Signing the contract of sale

Immediately after the auction, the successful bidder is invited to sign the contract to formalise their offer. You can accept the offer by also signing the contract. You and the buyer will each receive a copy of the signed contract.

As this is an auction, the buyer must pay a deposit upon signing the contract and cannot make the contract subject to conditions.

Some buyers may not have a full deposit on the day of the auction. You may agree to change the contract to allow for a part deposit, with the remaining amount due on a specified date.

The buyer has no cooling-off period for a property purchased at auction.

The sale is finalised at settlement when:

  • all checks have been made, such as the condition of the property and measurements of the land 
  • the title and transfer documents have been exchanged 
  • the balance of the purchase price has been paid.

If your property does not sell at auction

If your property is passed in and is not later sold to the highest bidder, it may be offered for private sale or taken off the market.

拍卖你的财产

一个属性拍卖是公开出售:

通常由作为拍卖代理人进行,并通过严格的规则约束
通告对特定地点,时间和日期。准买家出价和物业提供给出价最高的人。
有一个广告与开放的房子检查了几个星期导致到拍卖日期。厂商没有通告底价或告知其可接受的最低报价剂。

在拍卖当天的财产可能打开进行检查,至少半小时的竞价开始之前。对业主的权利的更多信息,代理商和租房者就打开检查,查看ourLandlord或所有者进入属性页。

拍卖前报价

买家可以在拍卖前作出的要约通过代理,如果你同意考虑拍卖前提供。这通常是在签订合同的形式和谈判的过程是一样的购买财产私下出售。

如果报价被拍卖日期前不到三个营业日接受,买家并没有得到一个冷静期。

拍卖行为

对于如何拍卖师运行拍卖严格的规则,以及如何参加人必须行为。实质性的处罚可能适用于任何人谁违反这些规则。

拍卖规则和解释在维多利亚拍卖法律信息表必须被显示为至少30分钟的拍卖开始之前。规则和信息表载列在附表土地(公开拍卖)规例2014年,这也创下了公告拍卖必须的销售。

招投标开始之前,拍卖师必须告诉投标人:

拍卖会按竞价规则进行
该规则禁止标书将被落槌后接受
投标人将根据要求确定
它是违法的,以作出虚假出价,妨碍其他投标人,或以任何方式故意扰乱拍卖
实质性的处罚适用于任何人谁非法行为竞拍从事
是否会有厂商或共同拥有的出价
适用于该拍卖任何附加条件。
在拍卖中,任何人都可以要求拍卖的有关财产,合同,或者拍卖的问题一个合理的数字。

五月拍卖:

在拍卖过程中拒绝出价在任何时候,包括在拍卖锤落下是
如果有超过投标纠纷,恢复拍卖在最后无可争议的出价或重新开始招标
在拍卖结束前指企图你在任何时候
退出变卖财产在任何时候。
供应商和合伙人出价

供应商和合伙人的出价被允许在拍卖

如果这些出价在拍卖会上被提出,安排使得供应商和合伙人的出价必须是:

设置在显示的规则拍卖开始前
由拍卖师在拍卖开始公布。

投标供应商,/2>

拍卖师可以代表你的出价,如果你不满意,最后中标的金额。这种类型的投标:

只能由拍卖师作出
必须由拍卖师宣布时,出价进行。
合伙人出价

当属性共同拥有,一个谁真正愿意购买物业的业主或以上可申办人群。

共有人可以自己出价或通过在人群中的代表,而不是通过拍卖。

安排供应商和合伙人的出价必须是:

设置在显示的规则拍卖开始前
由拍卖师在拍卖开始公布。
它是非法的,你在人群中投标,或向他人代为竞买的,以增加价格您的财产。

假招投标

所有虚拟投标都是非法的,吸引显著的处罚。

一个虚拟的出价要么是:

假投标取得了由拍卖
出价拍卖从人群非正版投标人所接受。

拍卖语:和“传入”“在市场上”

在市场上

拍卖人可以停止诉讼程序,并说他们是“往里走”或“寻求建议或指示”。拍卖师会跟你说话私下对招投标的进度。

如果出价接近或已达到您的底价(最低的价格上,你会卖),拍卖会问你是否将出售在最后的出价或更高的出价即发。

如果你同意,拍卖师会告诉众人,该属性是“在市场上。这意味着该属性将被出售给出价最高者。

如果竞价没有达到您的储备,拍卖师将寻求更多的出价。如果投标还是不符合储备,房地产可能是“传递”或“从拍卖撤出”。

在传递

如果投标不符合您的储备或其他价格上,你是愿意出售,物业将被“传递”。

出价最高的人,然后有跟你谈判的第一权利。这包括如果属性通过对供应商的投标。

当物业出售?

还有就是,直到你和中标拍卖已经签署的销售合同不具有法律约束力的合同。

签订销售合同

紧随拍卖后,中标应邀在合同上签字,以正式的报价。您可以接受要约也签订了合同。你和买家将分别获得签订的合同副本。

由于这是一个拍卖,买家必须在签订合同交纳定金,不能使合同受条件限制。

有些购房者可能不会对拍卖当天全押金。你可能会同意变更合同,允许一部分定金,其余金额在指定日期到期。

买方没有冷静期拍卖购买的财产。

此次出售是在定稿时结算:

所有检查已经制成,如财产的条件和土地测量
标题和转让文件已被交换
收购价格的余额已支付。

如果你的财产没有在拍卖会上出售

如果你的财产被传入,而不是后来卖给出价最高的人,它可能会提供给私人或退出市场。