Pri­vate treaty auc­tion preview days now more pop­u­lar than tra­di­tional show days – agent

Weekend Argus (Saturday Edition) - - AUCTIONS -

P R I VAT E t r e a t y a u c t i o n preview days at­tract more buy­ers than tra­di­tional show days, ac­cord­ing to Martin Freed­man of Re/Max Liv­ing.

Only one per­son at­tended a s h ow d ay d u r i n g t h e s i x months a Camps Bay prop­erty was on the mar­ket un­der a t r a d i t i o n a l s a l e s man­dat e, F r e e d m a n s a i d . ( Re / M a x Liv­ing is rep­re­sent­ing the prop­erty in con­junc­tion with Yel­low Ham­mer.)

On the two preview days lead­ing up to the auc­tion, 17 po­ten­tial bid­ders viewed the prop­erty, Freed­man said.

“This sales plat­for m not only al­lows me to of­fer a new ser­vice to my clients, but also at­tracts a greater pool of qual­i­fied buy­ers who are ready to make in­vest­ments without any sus­pen­sive con­di­tions.

“This too is a great ad­van­tage to all of my sell­ers.”

A de­ceased es­tate in Plum­stead also achieved great suc- cess, with 15 reg­is­tered bid­ders at the auc­tion, and a sale price higher than the re­serve was ob­tained, he said.

An exclusive Con­stan­tia res­i­dence, on the mar­ket for a lengthy pe­riod of time, had a turn-out of more than 17 po­ten­tial buy­ers at the preview day, held in con­junc­tion with Iris Kratschmar of Realty Pro­fes­sion­als.

Kelly Har r i s, operati ons man­ager for Yel­low Ham­mer, said the suc­cess of preview days and sub­se­quent auc­tions could be at­trib­uted to the close work­ing re­la­tion­ship be­tween es­tate agents and Yel­low Ham­mer.

“It is vi­tal that the agents are part of the process – all of th­ese and many other suc­cess sto­ries are di­rectly cred­ited to the ground work done by the area spe­cial­ists.

“Agents are spe­cial­ists in their spe­cific farm­ing ar­eas and both sell­ers and buy­ers have the re­as­sur­ance they have ex­pe­ri­enced prop­erty pro­fes­sion­als avail­able to as­sist them in mak­ing in­formed prop­erty in­vest­ment de­ci­sions.”

Since its start ear­lier this y e a r, Ye l l o w H a mme r h a d al­ready brought more than 60 prop­er­ties to auc­tion and con­tin­ued to grow its port­fo­lio, Har­ris said.

For more in­for­ma­tion, call 021 702 4977 or visit www. yel­lowham­

AP­PEAL­ING: This Camps Bay prop­erty at­tracted 17 po­ten­tial bid­ders to two preview days lead­ing up to the auc­tion.

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