Selling with Vendu Cape Online Auctions: A Step-by-Step Guide

Selling with Vendu Cape Online Auctions: A Step-by-Step Guide

Are you looking to sell your industrial equipment or assets? Vendu Cape Online Auctions offers a streamlined, professional process to help you get the best value for your items. Here’s how our selling process works:

1. Initial Consultation and Valuation

Start by telling us what you have for sale. We’re interested in a wide range of industrial equipment and assets. Our team will review your items and provide market value estimates based on our proprietary algorithm. This estimate takes into account:

  • Age of the equipment
  • Breakdown history
  • Component replacements
  • Original purchase price
  • Operating hours

We’ll use this information to set a reserve price for your items.

2. Signing the Mandate

We’ll prepare a mandate agreement that outlines:

  • How the sale, closed tender, or auction will function
  • Responsibilities of the seller
  • Any limitations or conditions

Once you’ve reviewed and signed this document, we’re ready to move forward.

3. Preparation for Sale

We’ll arrange a viewing day for potential buyers. All assets will be placed on our online repository, which is accessible through our website.

4. Online Listing

Your assets will be listed on our website with:

  • Detailed descriptions
  • High-quality photos
  • Videos (where applicable)
  • All relevant technical information

Potential buyers will have access to all this information to make informed decisions.

5. Auction or Sale Period

Depending on the agreed method (auction, closed tender, or fixed-price sale), your items will be available for a set period.

6. Closing the Sale

Once the auction or sale period ends, we handle all transactional aspects of the sale.

7. Payment and Removal

Assets remain on-site until the full payment is received in our trust account. Once payment is confirmed, the buyer can arrange for removal.

8. Post-Auction Report

After the sale is complete, we provide a comprehensive post-auction report, giving you full transparency on the sale process and results.

Why choose Vendu Cape Online Auctions? We offer:

  • Expert market valuation
  • Wide exposure to potential buyers
  • Secure and transparent sales process
  • Professional handling of all transactional elements

Ready to sell? Contact us today to get started!

    clients

    126 non-runner vehicle
    6.4 million ZAR Raised

    SAPS

    Seller

    Underground Equipment / Redundant Assets/Trackless Machines- Mandate

    Royal Bafokeng

    Seller

    Dozers/Excavators/Drill Rigs / Loaders/ Haul Trucks-13.91 million ZAR Raised

    Basil Read

    Seller