In2assets Blog: Commercial property auction news

In2assets will be auctioning a retail and residential development site in Morningside. The auction will take place at Mount Edgecombe Country Club on November 17 at 11am.

By Grant Gibson grant@feverthree.co.za Often when chatting to friends and colleagues, a general misconception is a fear of borrowing money. Forgive me if I am a bit biased after my previous career, but I believe the above could not be further from the truth. It also comes down to understanding debt, what it can unlock and using it wisely. For example, it is never a good idea to run up a massive credit card debt if you do not have the means to settle it immediately. But debt supported by properties can be a good thing, despite what happened in 2007/2008 and the world economic crisis. But new controls in the banking space should hopefully prevent this from happening again.

In2assets will be auctioning an industrial property at 42 Sylvester Ntuli Road, South Beach. The auction will take place the Mount Edgecombe Country Club on October 20 at 11am. Situated in the Durban Central Business District, the property has good exposure to high volumes of passing traffic.

An opinion piece by Tom Hodgson of In2assets I am often asked by friends and family for my opinion as to why they cannot seem to sell their property and what they can do differently to change that. Without trying to sound blunt, I tactfully inform them that they require a paradigm shift when it comes to property sales and in that regard, I encourage people to understand the importance of an effective marketing campaign and a sales mechanism that drives prices realization and decision making on a stringent timeline.

Why In2assets Property Auctions are far away from "Fire Sales" or Properties in Distress. In the past, property auctions, unlike art and antique auctions, have faced unfounded negative perception in the marketplace.