In2assets Blog: Commercial property auction news

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.

“It has always left me feeling perplexed when pondering the notion of why a farmer will choose to sell his top string of bulls on auction and not his farm. Farmers, my family included, believe so strongly in the core principles of true market value exploration through auction that a stud sale becomes a key highlight of the yearly calendar”, says Tom Hodgson of In2assets, the national property auction company.

In2assets will be auctioning three prime properties on October 20 at 11am. The live, as well as online, sale will be held at Mount Edgecombe Country Club.