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Selling Your Residential Or Commercial Property On Auction

This piece will explore selling commercial and residential property via auction.

Posted: 06 April 2021

When selling residential or commercial property in South Africa, buyers and sellers are faced with many possible options.  The options for selling residential and commercial property include property for sale via private sale or via auction. This piece will explore selling commercial and residential property via auction.

There are many benefits of selling residential or commercial property on auction:

  • Maximum marketing exposure results in a larger reach of potential buyers
  • Only qualified purchasers participate in auction
  • Property is sold in a fraction of the time vs private sale
  • No suspensive conditions attached to offers
  • No commission payable by the seller

Selling property on auction is ideal for the following property types:

  • Houses
  • Clusters
  • Development land
  • Office blocks
  • Shopping centres
  • Wharehouses
  • Factories
  • Blocks of flats

The various types of auction include on-site and online auctions. On-site auctions take place at the property. Bidders gather at the property and bidding takes place live at the property. On-line auctions are conducted via an app or website. Both methods are very popular and are attracting crowds at the auction.

Once you have made the decision to place your commercial or residential property on auction, it is important to select a reputable company that will provide you with attention that your property deserves.

Contact AuctionInc today for a no obligation market assessment on your residential or commercial property: https://www.auctioninc.co.za/sell-your-property/

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