‘Flash auc­tions’ hit the spot for hard-pressed sell­ers

Weekend Argus (Saturday Edition) - - AUCTIONS -

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.

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