ClareMart - Auction Group

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31 THIRD BEACH ROAD, CAPE TOWN, WESTERN CAPE

DIVORCE SETTLEMENT

Welcome

The New Year is over and it is back to business as usual across all sectors. The property market has certainly seen a thriving start to 2012 with some unexpected results already so early in the year. As I mentioned last month, we are living in unpredictable times. Holding on to certain attitudes without expecting the unexpected may result in lost opportunities.

Recently there was a commentary made by an industry member on the state of the property market in 2012. The statement reflected the opinion of that auction house which was that South African sellers of property are in a “doomsday” situation. Due to recession and personal financing, they will have to accept that the market will only pay below value prices for their property. This gross sensationalism is often used as a scare tactic to coerce sellers into placing their property on the market at low prices and accepting lower offers.

To be frank, although this statement does have an element of truth, it unfortunately does not create a sense of understanding amongst sellers that they need to be open to market related offers. What it does do, is create a sense of panic, whereby sellers “read between the lines” and come to the conclusion that they should not be selling property in 2012 at all.

This is damaging for the entire industry as it creates a stale-mate whereby purchasers are keen to buy properties that are not on the market and sellers, desperate to sell, are holding on to properties in the hope of 2013 being “the promised year” for a market upswing.

No one knows how the markets will react and our Group already in 2012 has sold various properties for higher than their market evaluations. My message to buyers and sellers of property for 2012 is this: Auctions allow for competitive bidding in a transparent forum. Those buyers who want a particular property will bid for it and pay what they see the value to be. Should it not meet the sellers expected price, then a regroup of ideas may be necessary. In these circumstances, opportunities to sell should not be lost in the hope of securing an uncertain outcome.

Yours sincerely,
Jonathan Smiedt

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Services

TYPES OF AUCTIONS

INDIVIDUAL ON-SITE AUCTIONS
The ClareMart Auction Group frequently conducts individual auctions when properties will benefit more from being showcased on an individual platform. Our experienced team will assess and advise you as to which process will be most suited to your property. A dedicated advertising and publicity campaign ensures that these auctions continue to attract large crowds.

MULTIPLE AUCTIONS
ClareMart Auction Group is the pioneer of the multiple auction process and since the early eighties have conducted these multiple auctions with unparalleled success. Our unique presentation style, incorporating video footage, big screen power point presentations, live video, both internally and from other locations if required, as well as a full telephonic commission bid process on hand, is unmatched by any other auctioneer.

FLASH AUCTIONS
The Flash Auction portfolio includes residential, forced and distress sales and is ideal for investors wishing to build buy-to-let portfolios. Individual home buyers are also catered for and a 2% deposit instead of the standard 5% deposit is required to secure bids. Our attendances are unequalled and we regularly exceed our own attendance records for multiple auctions. The portfolio of properties we represent at these multiple auctions are carefully selected by our expert sales team, who will advise you as to the most suitable auction method for your property.

BOARDROOM AUCTIONS
ClareMart Auction Group conducts private boardroom auctions for clients wanting to dispose of both movable and immovable assets. These auctions are normally attended by only pre-qualified bidders.

CHARITY & BENEFIT AUCTIONS
Conducting auctions as fundraising events for charitable causes is not only a way of assisting charities to reach their financial goals, but also an excellent platform for educating the audience on how an auction works. ClareMart Auction Group realises the importance of giving back to the public that has supported us for decades. By donating their time and skills, our leading auctioneers add the unmistakable energy and entertainment value of an auction to a charitable event. We are requested to conduct numerous charity auctions each year as part of our social responsibility commitments. ClareMart Auction Group have been favoured with instructions to sell a broad spectrum of properties and assets.

OUR EXPERIENCE IN SUCCESSFUL SALES INCLUDE:

IMMOVABLE PROPERTY SALES
Deposits and auctioneers commission are payable on the fall of the hammer. The ClareMart Auction Group will only accept bank guaranteed cheques and electronic transfers. The balance is payable on transfer.

MOVABLE PROPERTY AUCTIONS
Serving on the panels of major financial institutions and liquidation companies, the ClareMart Auction Group is respected as experts in the sale of movable property. As a trusted auction house, ClareMart Auction Group, acting on behalf of some of the country’s largest financial institutions, has been responsible for the disposal of repossessed and used motor vehicles for over 10 years. This reputation has prompted private sellers and collectors to use our specialised services.

CONTRACT AUCTIONS
ClareMart Auction Group also represents sellers and investors in the international market, regularly conducting auctions beyond the country’s borders. Our highly skilled team has in-depth knowledge of the market, with specialist experience in all types of auctions.