Many good reasons to go the auction route

figure, then arrive at the sale 30 minutes before the advertised time to register and reacquaint himself/herself with their prospective auction property purchase and to ask any pertinent questions. We then publicly read the conditions of sale. Bidding is brisk and the property is usually knocked down after one to two minutes.

The concept is great and most first world countries are beginning to prefer this method for selling property. Australia is a huge advocate for property auctions. their properties. They understand the concept and like to know that on a specific day and time they can expect an unconditional offer to come forth. A: Families, investors, developers, institutions, holiday-makers and just about any person who has an interest in property. A: You know you are dealing with a serious seller, and now and then you might have the opportunity to purchase a nice fix-me-upper, where you can add value and reap the future rewards either by holding on long-term and living in or renting out or by adding value and selling it on immediately. You need to have vision, patience and a plan. Vision will come with time and experience and confidence. A: I don’t like to do more than one a week, at a push maybe two. Auctions are intense and specific – they require absolute focus and precision as you only have one shot to sell a property in 60 seconds. A: Don’t be afraid to ask questions, you may even find property auctions become addictive. Check to see your property auctioneer is a member of the Estate Agents Affairs Board and that he/she holds a valid and up to date fidelity fund certificate.

The house at 17 Byron Street, Cambridge will be auctioned on Wednesday at 10am. For more information contact 083 789 2550. — nicolettes@dispatch.co.za