Want to Auction a House? We Offer Essential Advice on the What, the How, and the Why

If you are looking to auction a house, we at Dynamic Auctioneers will assist you with professional services that put you first and simplify the selling process. Selling a property is not generally something most homeowners look forward to doing. It’s an emotionally taxing process that can take weeks or months and requires a lot of time, effort, and money to market the home to the right buyers. Unlike selling a home through ordinary listings or a real estate agency, however, there is another option that is gaining popularity in South Africa – property auctions. This is one of the easiest, swiftest, and hassle-free ways to sell a house without delay.

Understanding What it Means to Auction a House

A property auction is a public sale process in which a home is sold to the highest bidder. It begins with a reserve price, or a minimum price, set by the seller. The auctioneer then begins the bidding, with an incremental increase in the bid as the process progresses. The auctioneer will continue to accept bids until no further bids are offered. The last person to make an offer is then considered the highest bidder, and the property is sold to them. While an auction is a public sale, some auctions can be done online too. Properties are sold voetstoots during these auctions, which means the highest bidder will buy the property as is, and bidders must do their homework to avoid buyer’s remorse. Apart from voluntary auctions which most often favour the seller, there are also other kinds of auctions. Bank auctions happen when a seller is in arrears with their bond and their bank organises an auction. A sheriff’s auction happens when a bank applies to the court to auction a property to cover debt currently unobtainable from the bondholder.

Some of the Benefits of Selling Your House on Auction

If you want to auction a house through us at Dynamic Auctioneers, the main benefit will be the quick turnaround time of the process. Generally, a sales cycle takes between three to four weeks. You can set up agreements on your terms and conditions before you auction your house, and even keep the reserve and value of the house hidden from the market. Our services also promote each property to a vast, interested market and enable a platform that fosters competition between qualified, determined buyers. Additionally, the commission gets paid by the buyer, and the seller will not have to spend any cash when the auction happens. You can also opt for an online auction.

5 Simple Steps to Getting Started with Us

Our services streamline the sale, reducing the intimidation and challenges behind the process. To auction a house with us at Dynamic Auctioneers, all it takes is the following five, easy-to-follow steps to get the ball rolling:

1.  Getting in touch with us for a consultation.

2. We market the house and receive out-of-hand offers.

3. We propose the marketing budget and material for the client’s approval.

4. We set the date and prepare for the auction together with the client.

5. The house is sold on auction day.

To auction a house through a reputable company with a stellar reputation, speak to us today.