Question 1

What is an auction property?

Accepted Answer

An auction property is a property offered for sale through a public or scheduled auction process instead of the usual private negotiation between a buyer and seller. In many cases, the sale is handled by an appointed auctioneer on behalf of a lender, bank, court, estate, company, or private owner. The property may have a guide price, reserve price, auction date, deposit requirement, and specific sale conditions. Before bidding, buyers should confirm the auction terms, viewing access, title details, and payment timelines.

Question 2

What is sale by private treaty?

Accepted Answer

Sale by private treaty means the property is being offered through direct negotiation rather than a public auction. It is often used where a seller, lender, receiver, or representative wants to invite serious offers without running a formal auction on a specific date. The process can still be time-sensitive, and buyers should confirm the asking price, accepted offer process, deposit terms, documents required, and completion timelines.

Question 3

Does Cheru conduct auctions?

Accepted Answer

No. Cheru does not conduct auctions, receive bids, hold deposits, or decide sale terms. Cheru helps organise and present available property information so buyers can review opportunities more clearly. Auction participation, deposits, sale agreements, and final terms are handled by the appointed auctioneer, lender, seller, advocate, receiver, or other authorised representative.

Question 4

Are auction properties cheaper than normal listings?

Accepted Answer

Sometimes, but not always. Auction and time-sensitive sales can attract buyers because the guide price may appear lower than comparable market listings. However, the final price depends on the reserve price, competition from other buyers, the condition of the property, legal position, and the seller’s terms. A low guide price should be treated as a starting point for proper checks, not a guarantee of a bargain.

Question 5

What does guide price mean?

Accepted Answer

A guide price is an indicative price used to help buyers understand the expected sale range or starting point. It is not always the final selling price. The actual accepted price may be higher or lower depending on the reserve price, bidding activity, seller instructions, and sale conditions.

Question 6

What does reserve price mean?

Accepted Answer

A reserve price is the minimum price the seller or lender is willing to accept. If bidding does not reach the reserve price, the property may not be sold, even if there are interested buyers. In some cases the reserve price is not publicly disclosed, so buyers should confirm the terms before attending an auction or making an offer.

Question 7

What does TBA mean on an auction date?

Accepted Answer

TBA means the auction date has not yet been announced or confirmed. This can happen where the auctioneer, lender, court, seller, or representative is still finalising the sale process. Buyers can still review the property details, but they should check again later or request updates before making plans.

Question 8

Can I view an auction property before the auction?

Accepted Answer

In many cases, viewing may be possible, but it is not always as straightforward as a normal listing. Some properties may be occupied, access may be limited, or viewing may be arranged only through the appointed party. Cheru can help present the available viewing information, but buyers should confirm access before relying on a property visit.

Question 9

What should I check before bidding or making an offer?

Accepted Answer

Buyers should confirm the title position, ownership details, auction terms, deposit requirement, reserve price where available, property condition, viewing access, occupation status, completion timelines, and any legal or financial obligations attached to the sale. It is wise to involve a qualified advocate or property professional before making a financial commitment.

Auction properties in Kenya

Mixed use for Auction in Trv Parkwest Office Suites On 3Rd Parklands Avenue - Parklands

4-Bedroom House for Auction in Garden Estate

Mixed use for Auction in Trv Towers - Ngara

Warehouse and Office Property for Auction in Industrial Area

4-Bedroom House for Auction in Kasarani

2-Bedroom Apartment for Auction in Mountain View Apartments Waiyaki Way - Kangemi - Nairobi

3-Bedroom Apartment for Auction in Mountain View Apartments Waiyaki Way - Kangemi - Nairobi

3-Bedroom Apartment for Auction in Honey Suckle Apartments Phase 1 Pipeline Area

Apartment for Auction in Nairobi County

3-Bedroom Apartment for Auction in Kilimani - Nairobi

3-Bedroom Apartment for Auction in Hill Flats

4-Bedroom Townhouse for Auction in Lavinghton Estate

Also available through standard sale

Kombe Road — One Acre Residential Plot,

Nyati Hill Cottages — Hospitality Property

Mushroom Estate — Plot 67, 0.48 Acres

Kirawa Road — 1.25 Acres, Old

Karinde — Half Acre Plot Near Dagoretti Road

Koitobos Road — Half Acre Plot, Hardy

Five Star Estate Phase III — 4 Bedroom Maisonettes

70 Mai Mahiu Road — Developed Plot

0.5 Acre Land With Buildings Off Road

5 Bedroom House

1 Acre Land

3 Bedroom House In Riara Villas,

Related searches and area context

How these sales work

Current result mix

Auction buyer checks

What is an auction property?

What is sale by private treaty?

Does Cheru conduct auctions?

Are auction properties cheaper than normal listings?

Detailed auction questions