Who can buy at Property
Auction House Sdn. Bhd. auction?
Anyone, 18 years and above are welcome. Auto dealers and
the general public are welcome to bid on any cars offered
at an auction sale.
What do I need to do as a bidder?
You are required to register prior to the auction sale
before biding. At our registration counter with valid
identification and to deposit a bank draft of RM1,000.00
payable to PROPERTY AUCTION HOUSE SDN BHD. Thereafter you
will be given a bidder card number. Your deposit will go
toward the sale price of the car you buy or can be
refunded to you any time during the auction sale by
returning your bid card to the main office. No bids will
be taken from unregistered bidder.
Can I inspect the vehicles before the sale?
All cars will be marked on the windshield with the
manufacture and registered year, make, model and lot
number. We prefer that you view and inspect all the cars
that are for sale at the parking yard specific in the
Proclamation Of Sale. 1 to 3 days before the auction date
as pre-viewing dates are available.
All cars are sold 'as is where is' basis unless otherwise
instructed by the seller.
What price do I pay?
It is essential for you to know the estimated market value
of the cars therefore we would advise you to read through
the Local Newspaper for some indication on the used car
prices or check with a friend who is familiar with used
car prices. We can also provide you with our professional
indoor appraisal service.
How am I assured of the purchase?
In an auction, the highest bidder declared by the
auctioneer upon the fall of the hammer shall be successful
bidder or purchaser and the owner shall not retract the
sale. As for the other traditional sale such as tender,
the owner can still decide whether to sell or not.