Auctions @ M Worx Property Partners
The word "auction" creates emotions. We as Property Practitioners and you as a seller share the same goal, a successful sale of your property. A good faith offer from a willing and qualified buyer, paying the maximum price available in the market. And not a cent less.
M Worx Property Partners Auctions is not the promise of a price, rather it is the promise of a process that leads to market value. Our Auction campaign has been designed to run over a period of six weeks. The primary focus is data to you as the seller. Two weeks of preparation, and four weeks of active marketing. In the last week of the campaign it concludes with an online auction hosted by the professional auction team and platform of BidX1 South Africa. Our aim is to get as many buyers through the property in the initial marketing phase, so that we can collect accurate feedback from current in-the-market buyers, this in turn helps you to make an informed choice when it comes to the non-disclosed reserve price you set for the day of the auction.
Unlike traditional auctions, that advertise the auction day and try to conclude a transaction within 30 days after the auction event, we are approaching this from the other side. We first prequalify, and get the right buyers around the table, and then we take it to auction with actual qualified buyers, thus getting the maximum amount from these buyers through your home and shortening the timeline of your property being on the market.
As unique as your home may be, it is fundamental in understanding that it is never in the marketplace in isolation. Our aim is to use all the tools to our disposal to get the attention of all the buyers in the marketplace. By using the very best that property marketing has to offer, along with our auction model, we present your home in such a way that it makes your home stand out like a pole above water in the ocean of available properties, attracting all the current buyers. The number of buyers in the current marketplace is measurable and their interest in your home is the gauge we use to accurately give you feedback.
In our experience more than 89% of all properties marketed through our auction sales method are sold either before or on the day of the auction, with more that 92% of all properties receiving written offers during the initial auction phase.
Unlike traditional auctions charging a 10% plus VAT "buyer commission" and upfront marketing fees, M Worx Auction fees are included in the reserve price at the rate negotiated and the buyer will pay 2% plus VAT for the auction platforms, payable only on the successful sale of your property.
