We, at Swindon Property, are pleased to officially announce the launch of our new online property auction platform, Swindon Auctions - a service designed to offer a streamlined and secure way to buy and dispose of property online. The service, led by a team of property experts and supported by a free, easy-to-use app, will feature attractive commercial and industrial property offerings from across South Africa.
Our first online commercial property auction will take place on 04 November 2020 at https://auctions.swindon.co.za.
Sellers who are interested to sell on auction with us should contact ryans@swindon.co.za.
Digital Transactions for Tech-Savvy Property Investors
Swindon Auctions enables buyers and sellers across the globe to transact digitally via a secure, purpose-built platform. Thanks to the detailed virtual viewings available on the platform, investors need not physically visit a property in order to familiarise themselves with it. The transaction is completed online, supported by an app that offers live bidding functionality and real-time updates.
"Our platform will empower bidders to make confident, timely and smart decisions throughout the buying process," says Andrew Dewey, Managing Director of Swindon Property. He explains that the platform was designed to ensure transparency and security for buyers, sellers and agents within the commercial, office, industrial and retail sectors across multiple industries.
"Auctions are not new territory to us, but having an exclusive, dedicated auction platform under the Swindon umbrella enables us to meet the needs of our mobile-forward, tech-savvy clients," explains Dewey. "Our clients are ready and eager to transact online, and we're poised to be beside them as they do. We want to ensure that they're able to complete their transactions efficiently, reliably and with confidence."
Our new auction offering adds to our existing range of services, which includes commercial and industrial sales and leasing, client advisory services, professional RICS-accredited valuations, and property management across South Africa and Sub Saharan Africa.
Removing the Spectre of 'Ghost Bidding'
Dewey says that Swindon's online auction division was established in response to the notable rise in online property transactions, and to provide adaptive, updated technology that better serves our clients.
"We're exceptionally observant of the shift in digital property trading volumes and the subsequent upsurge in online investment deals and asset disposals," says Dewey. "We can now offer our clients a full bouquet of acquisition and disposal platforms, from private treaty to auction. Our platforms remain fully transparent and secure, and our clients' peace of mind is our top priority."
The auction industry was previously tarnished by 'ghost bidding' and the uncertainty of false bidding in the traditional ballroom- type auctions. However, thanks to our digital system that verifies and registers every bidder with full FICA and audit compliance, these risks are removed.
Auctions on App: Property Transactions in the Palm of Your Hand
Our auction platform is supported by a dynamic, user-friendly app that has been designed to offer secure bidding in real-time. It enables users to watch and participate in our auctions on the go and provides live bidding updates, including notifications when a user is outbid. Users have the option to 'set and forget' a maximum bid, allowing the platform to automatically submit the lowest possible winning bid on their behalf without exceeding their cap.
The app is available for free download on the iOS and Android platforms.
The Benefits of Selling Online with Swindon Auctions
Gone are the days of crowding into a building to put forward your best offer. In fact, gone are the days of crowding into any space - so our online auction platform couldn't have launched at a better time. And the benefits to sellers are clear: there are no upfront fees to market a property, and the reserve price is kept confidential, which means that the minimum selling price is protected and there is no price ceiling on what can be achieved on the day. Additionally, the seller commission rate is an attractive 2% on transfer.
Furthermore, successful offers at auction are conclusive with no suspensive conditions. We market every property to a national database of engaged, high net-worth qualified buyers. We facilitate the entire process from due diligence, viewings, marketing, the conclusion of sale agreement to transfer.
Get in Touch with Swindon Property
With over 250 years of collective experience, we provide solutions for our clients with excellent acumen and in accordance with the highest standard of regulatory compliance.
To find out more about Swindon Property Auctions, contact:
CPT office: +27 (21) 422 0778
JHB office: +27 (11) 268 6315
KZN office: +27 (31) 324 3540
To speak directly to our auction's division about your property auction requirements, contact:
KZN office: +27 (31) 324 3540
Mobile number: +27 (67) 263 1357
Email: ryans@swindon.co.za
To register for our next auction, visit
https://auctions.swindon.co.za