The average time a house spends at auction can last anywhere from 21 to 30 days, although it can vary tremendously depending on the property and entity offering it, according to Passonno.

Buying a house at auction need not be daunting, even for a first home buyer. Below is a 10-step guide to what you’ll need to do before you’re ready to start bidding on property.

Buying and selling property at auction is becoming more common. Three Gupta-owned mansions are in the media after going on auction, only one sold for R3.3 million.

Buying a home from a family member has its advantages, but it can sometimes lead to awkwardness or misunderstandings. Before agreeing to buy property from a family member, weigh the pros and cons.