Why it’s beneficial to buy a property on auction

When purchasing a property, whether it’s a residential or commercial property, it’s imperative to weigh up your options and have all your facts checked. It’s important to keep in mind that buying a property at an auction doesn’t necessarily mean you’ll get a better deal in comparison to purchasing real estate the conventional way; saying this if buyers/bidders do the necessary ‘homework’ and familiarise themselves with the auction process it is possible for them to pick up a home at a better deal or purchase an excellent investment property.

Is it good to buy an auction property?

Skoko Sebola, principal at Leapfrog, Midrand, mentioned to News24, read more here, that there has been an increase in the number of enquiries, in the past few years, for people looking to buy property on auction, looking to ‘bag a bargain.’ He further discusses, in the article, some of the due diligence to take before purchasing a property on auction, but what are the benefits involved with purchasing such a property?!

Here are some of the pros involved when buying real estate on auction:

• Negotiation periods for real estate bought on auctions are less lengthy
• Competition for a specific property could be less during auctions
• The possibility of purchasing a house for less than market value or scoring a great property investment opportunity
• Sellers during an auction are completely invested in selling their property
• With Van’s Auctioneers’ online auctions, you can bid on and buy properties from the comfort of your desk chair.

Why buying real estate on auction is a good investment choice

Research conducted by experts has stipulated that investors can save between 10 - 30% on a property when buying it during an auction compared to purchasing property through an estate agent, read more here. If you are savvy and knowledgeable about investing in property, you can easily bag a bargain, which can lead to a great return on investment.

At Van’s Auctioneers, we are focused on transparency and integrity when it comes to our auctions to ensure we offer the very best there is to offer. Our knowledgeable and professional team is here to address all queries, questions, and requests for advice before the commencement of the auction.

Why Van’s Auctioneers is your best bet when it comes to buying a house at auction

With Van’s Auctioneers, we lessen the risk involved when purchasing property during our online and live property auctions due to the seamlessness of our auction processes. We’ve been operating since 1964, and there is virtually nothing that we haven't sold yet! Our commitment to exceptional client service drives our everyday business decisions, and our people are experts at what they do, working tirelessly to do it better than anyone else in the industry.

Our focus on service excellence, professionalism, and building long-term relationships contribute to our auction experience being transparent which guarantees a quality experience for our clients.

The Bottom line

With Van’s Auctioneers, we lessen the risk involved when purchasing property during our online and live property auctions due to the seamlessness of our auction processes.

Should you be interested in purchasing property at an auction or if you are on the lookout to purchase real estate as an investment opportunity, it is important to be well-educated about the properties on which you intend to bid on. At Van’s Auctioneers, we ensure that all details are available for the properties you intend on bidding on, and our well-trained and knowledgeable team is here to guide you along the way to ensure you are aware of everything involved with this process. Read more about Van’s Auctioneers, here.