South Africa has entered a particularly positive period where inflation is at an all time low and the possibility of further interest rate cuts possible. Comments Craig Berman of Auction Alliance, “Now is the time to be selling property. Interest rate cuts are essential to sentiment and property revolves around positive sentiment. Why wait for 2011 to sell your property when now is the perfect time to take advantage of positive economic conditions?”

An auction is like a stock market; it determines the real market value of a property and most importantly it is a non-suspensive deal. Auctions are growing throughout the world because they are real deals for sellers who really want to sell.

2010 has continued to see increased growth and confidence in the auction mechanism as a method of property sale, with the auction sector registering as the fastest growing sector of the property market. “The auction mechanism derives opportunity for both buyer and seller. It suits people who are cautious, astute and are attracted to the auction platform because of its transparency and seriousness,” says Berman. With auctions each transaction takes place transparently, with all terms and conditions available for public scrutiny. Interested buyers have to pre-register which means that only pre-qualified, focused and serious buyers participate. Auctions therefore offer a high degree of certainty that a deal will be achieved on a given day, negating the usual uncertainty when selling property in a tough market.

Auction Alliance achieved some excellent results in the past year, including the sale of the Klein Genot Country & Wine Estate in Franschhoek, which sold for R35million, and Shenandoah, in Constantia, considered one of the Western Cape’s finest properties, which sold for R30million. Results in Gauteng were as impressive, with a lock up and go apartment in Melrose Arch fetching an impressive R 4,275million and luxury mansions in Hartebeespoort Dam and Dainfern going for close to R4million each.

Upcoming October and November auctions will see more outstanding properties being brought to the auction floor, including a Kwa-Zulu Natal mansion in Zimbali and an exclusive Clifton beachfront bungalow. “Auction events are always filled with an exciting array of lots, which draw audiences from far and wide. Now is the time to assess investment opportunities with our dedicated team of property Business Development Managers nationwide,” continues Berman.

If you are interested in selling your property via the auction mechanism contact Auction Alliance on 0861 255 42623