AUCTIONS

Contrary to popular belief, auctions are not just distress sales or last resort actions. The highest priced thoroughbred race horses, and collectors cars are also sold at auction. Why? Because experienced sellers appreciate the convenience and effectiveness of the competitive atmosphere raised by an auction. Other benefits include:
 
·         Auctions create competition amongst buyers, ensuring the highest price possible

·         Auctions create excitement and heighten interest

·         Eliminate time wasters, only serious buyers attend

·         Brings buyers to a decision, buy now or risk losing the property

·         Rapid exchange process means sale is finalised on the day

·         Auctions eliminate lengthy negotiations

·         Auctions fetch the highest price the market is offering, the owner decides when to sell after  
          having viewed the open forum 

 WHAT IS THE PROCESS?
 
·         Evaluate your property
 
·         Select a date
 
·         Create a marketing plan
 
·         Select an accredited auctioneer
 
·         Schedule viewings with interested parties
 
·         Decide a reserve price
 
·         Register qualified bidders
 
·         Conduct the auction
 
·         Hammer falls to the highest bidder over reserve price
 
·         Collect non refundable 10% deposit
 
·         Execute contract on the day