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How Come You're Still Not A Home Owner???Didn't You Know It's Much Cheaper To Buy Property On Auctions Than Those Sold On Market Value ???
Every Month End we have been hosting Auctions and we have noticed an ongoing increase in both in the number of properties on auction as well as in the demand for such investment opportunities.
It is a testament to the strength of the auction mechanism that it can out-perform the traditional market under both good and bad economic circumstances, and most notably has been responsible for the sale of many a property that has been listed too long on the market by estate agents incorrectly pricing sellers’ property at the outset.
Rand Corporation Auction Group outlines the benefits of selling or buying on auction: Call or Whats App Us On 0678934326
The misconceptions that auctions are reserved for distressed properties or that it is a hunting ground for bargains, is steadily being corrected as more and more people opt for the auction floor as opposed to traditional real estate channels. The auction process has seen much success in the property market for many years and selling on auction can realise more for your asset due to its competitive mechanism. It provides the seller with fair market related prices and creates opportunities for buyers to acquire property at a price they are comfortable with.
Then and now
Given the financial climate 10 years back, many property auctions occurred as a result of company closures or liquidations where the creditors, appointed liquidators or trustees preferred to use the auction method to dispose of assets.
Banking institutions have for some time been using the auction process to sell property successfully, based on its transparent and arms-length process and have achieved excellent results. These results are achieved through a larger pool of buyers and investors, with a low cost to creditors.
Qualified buyers
Normally, the lack of financing is a common hurdle to selling property out of hand or through a broker where a high percentage of deals may not be approved by finance companies or banks and therefore fail, leaving the seller without a result.
Auctions open up the market for a seller on a cash with qualified buyers coming fully prepared to make property investments. While buyers may still obtain finance to pay for the property, making the purchase is not subject to them obtaining finance because they can pay cash via EFTs.
To Register :
Registration Fee R5000 (100% Refundable)
ID copy
3 months bank statements
3 payslips
Call Or WhatsApp 0678934326
[email protected]
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