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CORPORATE PROFILE OF ONTIME PROPERTIES (Pty) Ltd
ONTIME AUCTIONEERS & PROPERTIES CC REG NO 2009/178946/23
Company Information
Directors : Mpho Makhado; Mashudu Makhado; Godfrey Rambado
Who is Ontime Auctioneers and Properties?
- Founded in 2009
- 100% Black Economic Empowerment Company
- Situated at Lonehill, Fourways, Gauteng
- Providers of real estate services i.e property auctioneering, sales, letting,
developments, auctions, property management, bonds.
Our Mission
Ontime Auctioneers and Properties' mission is to create wealth and value for
all our stakeholders through providing innovative property solutions.
Our Vision
We aim to achieve this by being the most preferred, honest and reliable real
estate empowerment business in South Africa and internationally in all sectors
of real estate.
Our Commitment
We aim to achieve this through continually striving to deliver efficient and
innovative services to the industry through
- Adhering to the code of conduct of the Estate Agency Affairs Board.
- Maintaining a high standard of professionalism through well trained and
motivated personnel
- Continually monitoring the performance of personnel to be in line with
the goals.
- Providing the best service to customers by effective advises, punctuality,
reliability and honesty and ensuring that the customers get the best deals.
- Achieve revolutionary results through by working to have the greatest market
share in the industry.
- Empower all participants to maximise the profits from all operations and
help them start their own businesses.
- Having the client's needs at heart at all times than our own, and
- Continuous improvement on all our business dealings.
- Team work spirit among colleaques
Core Values
Our core values reflect what is truly key to OnTime properties's success as
a company. They are not merely values that change from time to time, situation
to situation nor from person to person, but rather they are the foundation of
our company culture. By maintaining our core values, regardless of how large
a company we may become, we can maintain what has always been special about
our company and what makes our team proud to be part of the legacy we are trying
to create. These core values are the soul and spirit of our company
- Reliability, Honesty and Integrity at all times--- We are resolute in our
honesty and integrity and we never underestimate the importance of treating
others fairly and with respect. Our business is based on "Ubuntu"
principles.
- Constant communication and feedback with clients - We exist for our clients
and promises we make to clients and colleaques are promises we keep. We take
ownership of problems and without making excuses, try to find solutions.
- Revolutionary results-We relentlessly get better by rewarding and recognising
higher performance. We are passionate about delivering superior results and
encourage ambition in all our human resources to achieve their full potential.
- Client Centred Approach - We treat clients' assets as if they are ours and
aim to maximise returns through a disciplined, hardworking and dynamic entrepreneurial
culture of continuous improvement.
- Teamwork - We win by working as a team. Sharing fresh and innovative ideas
and supporting each other is of paramount importance to us. We recognise that
by working together, we are stronger and more effective and can achieve more
than as individuals.
- Availability and being ONTIME-We regard being late for appointments as disrespect
and not taking our business and clients as serious. We therefore endeavour
to always be Ontime, hence our name.
Value proposition and Philosophy
- We are a client-centered business and existing for our clients is our core
value proposition.
- We offer a complete real estate turnkey operation fully integrated spectrum
of property sales and services which include auctions, property sales, letting,
bonds, valuations, developments, and management.
- Providers of the much-needed quick and efficient property salesthrough honest
valuations and recognizing client need to sell as quick as possible.
- We create an environment of real people in a real company wanting to be
part of a winning team through ensuring that we get the right people fielded
in their right positions, develop a culture of self discipline and sustained
focus to stay focused on the goal.
- Win- win situation-we create this situation by ensuring that all our clients
got real good value for money properties with equities in them to ensure their
own sustainable wealth spectrum.
Our service offering
Auctions - We believe anything of value has to be sold on auction and
no other way.
We guarantee to get you an offer at any property, of course subject to your
acceptance. Our auction commission structure ranges from 6 -10 percent as agreed
with our clients, dependent on the nature of the property and advertisements
required before auctions to make it a success. It also varies on the number
and value of properties at hand, and the deposits are compulsory on offers,
from which the commission will be deducted on successful deals as agreed with
the clients. Our auction division facilitates quick sales of properties. The
client and auctioneer will agree on who carries the advertising costs and marketing
materials and expenses and the commission payable is 10 percent on offer received.
In auctions, our commission will be retained from client deposit on acceptance
and is not subject to bond approval.
Sales - our commission structure is 7.5 % on all normal sales and we
charge 6% on bulk sales where the client has a number of properties that he
needs to sell. The percentage is levied on the property sale amount and is payable
by the seller on whatever offer he accepts. We are open to splitting commission
on a 50/50 basis with real estate companies who find the buyer for the property
we have a mandate on. The commissions are payable on registration of the property.
Rentals - We charge commission of 8% on once off rentals where the client
requests us to find him a tenant and he continues managing the tenant.
We charge 10% in monthly management of clients where we find a tenant and continue
collecting rentals from tenants and pay the due amount to the landlord. In these
cases we will keep the one month rental deposit in our interest bearing account
for the benefit of the tenant at the end of lease.
We charge 12% where we collect rentals and the landlord requires us to fully
manage the property in terms of paying all levies and bonds, ensuring that the
geysers and all maintenance are done by our company on behalf of the landlord.
Mortgage origination - We have our own inhouse bonds division which ensures
we get the best bond rate for the client from all financial institutions. Applications
are made on behalf of the client at no fee basis from the customer.
Commercial and Industrial - Our company facilitates industrial and commercial
sales and rentals at a flat commission rate structure of 10 percent which is
payable on acceptance of offer.
Why Ontime Auctioneers and Properties?
- Tailor made marketing and each client treated as unique with unique needs.
- Young Dynamic Consulting Team
- Broad Management Consulting Expertise
- Diversified Skill Set
- Passionate about real estate
- Extensive training experience
- Excellent Black Economic Empowerment Credentials
- We are registered with EAAB, IEASA, and NHBRC.
- We have good relationships with other auctioneers and real estate agents,
and
- WE DELIVER!!!!!!!!
Our Clients
Private Sellers
So You signed to Buy a property!!! What Now?
Congratulations on such a big investment and wise decision that you just made.
- Please ensure that the property consultant or bond consultant gets all
the required documents ontime to make your property-owning dream a reality.
These are ID copies, salary payslips and three months bank statements for
all purchasing parties. If self employed, we require
- The Ontime Bond consultant will submit your application to all banks of
your choice to get the best deal.
- On approval of bond, you will be given the financing quotes from approving
bank which you accept by signing. Insurance requirements will also be arranged.
- The bank will send the bond instruction to the bond registering attorney,
while your property consultant sends the transfer instructions to the transferring
attorney.
- The attorneys, both bond and transfer will call you for signatures for
transfer and will require proof of residence for FICA and ID documents, as
well as Income tax numbers. The seller will also sign these documents.
- You will then pay the bond and transfer attorneys their costs to proceed
with registering the property in your name.
- Transferring attorneys will apply for clearance figures at the local council,
pay for them and get the clearance certificate.
- Transferring attorneys will get the bond guarantees from the bond attorneys,
sends them to the bond cancellation attorneys of the seller and get the cancellation
figures.
- Transferring attorneys will then pay for transfer duties at SARS and get
transfer duty receipt.
- Transferring and bond attorneys then simultaneously lodge at the deeds
office.
- Deeds examined and is either passed or rejected.
- Seller bond is cancelled, new bond registered and transfer registered.
- Attorney finalise account and advises municipality or body corporate if
sectional title of new registered owner of property.
- CONGATULATIONS, you are now the new owner of the property and your property
consultant can now arrange with occupants for you to move in!!!!
Please be advised that this process can take three to four months, but is
worth the wait!!!!!!
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