‘Flash auctions’ hit the spot for hard-pressed sellers
C L A R E M A R T Au c t i o n Group’s recently launched “flash auctions” are a big success. Proof that the new mechanism works lies in the high confirmation rate seen at the July flash auction hosted at the Mount Nelson Hotel.
Brainchild of the innovative ClareMart Auction Group, flash auctions came about as a result of a market need which, according to chief executive J o n a t h a n S mi e d t , b e c a me more and more apparent once the global financial crisis hit South Africa.
The group’s flash auctions are geared to sell up to 30 properties within an hour and all the properties on offer fall within the R200 000 to R2 million bracket. The flash auction portfolio includes forced and distress sales and is ideal for investors wishing to build buyt o-l et por t f ol i os. I ndividual home buyers are also catered for.
Upcoming attractions in the August flash auction portfolio include flats, family homes, plots and leisure properties.
For more information, visit www.claremart.com or call 021 425 8822.