Who is Response Auctions?
Response Auctions is an independent Auctioneer with a market-leading reputation for high-quality service and integrity. Response Auctions started operation in 2002 in Sydney Australia and expanded to Dubai, the United Arab Emirates in 2005, and its operation without any rival for several years.
The company was privileged and recognized by Dubai land Department in 2006 and conducted many live property auctions with over 75% success rate.
Where are Response Auctions?
Response Auctions is currently located in Grosvenor Business Center, Tecom, the center and business hub of Dubai, United Arab Emirates. With proximity to the metro station. The venue has a spacious auction room which allows us to host large and small auctions. Top-of-the-line audio and visual equipment enables your property to be seen in the best possible light. Response Auctions poses the state of art online and timed auction platform as well as floor bidding capability, with a special encrypted system to safeguard client data at all times. 4 individual meeting and contract rooms, to sign contracts if successful or negotiate in a controlled and private environment.
How to contact Response Auctions?
Just log in to www.responseauctions.com. You can contact Response by WhatsApp, messages. You can also register and fill up the request callback form by emailing the following
info@responseauctions.com | sales@responseauctions.com | hr@responseauctions.com
Response embraces diversity and inclusive culture for all. This inclusive and motivating environment is paramount to delivering excellent service and maximizing value for clients in any given market. Response works with the right people with skills and experience from all over the world, to do business in a distinctive style, open friendly, and honest manner.
Aiming to create a system that is high-performance and easy to use, Response also invested heavily in keeping the client information safe by employing the best CRM and latest technology.
What is a Reserve Price?
Never formally disclosed, the reserve price is the confidential minimum price agreed upon between the consignor and the auction house. Reserves must be set at or below the low estimate, and if bidding ends before the reserve is reached, the property will not be sold.
Auction campaigns traditionally last up to 4 weeks, giving the agent time to generate interest from multiple parties by advertising via various channels.
Prior to the Auction Day, prospective buyers will have the opportunity to view the property and if interested can they check the relevant documents such as the valuation report, and get their finances in order. Onsite, in-room and virtual auctions are traditionally “unconditional”, when the hammer falls, the selling of the property has effectively occurred, Winning buyers will need to sign the contract and pay the agreed price, so finance buyers need to make sure their finance is in order before bidding.