Auctions
Auction is a process which allows interested parties to make competitive bids thereby establishing the current market value of the property at that time, in an open, transparent and public forum utilizing the skills of an experienced auctioneer.
The sale of property by means of auction is fast becoming very popular amongst property owners in South Africa for a number of reasons:
- The whole sales process is very swift – from the fall of the hammer until confirmation of the sale.
- Only serious buyers attend an auction.
- Sellers are motivated and do no waste time ‘testing the market’
- Market price is determined on the day
- Creates a sense of urgency, which motivates the purchasers to action.
- The auction marketing campaign delivers maximum exposure within the first few weeks on the market – The Star and Sunday Times have dedicated sections in their newspaper every week.
- The competitive auction environment benchmarks the true value of a property.
- Auction is used as the preferred method of sale by Government, Banks, Private companies, and other top financial institutions.
- Gives investors the opportunity to gauge the market in the commercial, retail and industrial sectors.
SkyRise is aligned with Africa’s leading Auction House – Aucor.
Aucor is a company that has been in existence for more than 40 years with an extensive presence across 16 fully operational vertical sectors. This stands testimony to their broad industry expertise and acumen and places Aucor at the forefront of Auctioneering within South Africa. Aucor represents both the buyer and the seller, providing support to both parties without the presence of an intimidating auction house personality.
SkyRise property consultants boast immense knowledge and expertise in the auction industry from their past experiences. This gives our clients the edge when it comes to understanding the auction process.
