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Swindon Auctions: the new, secure way to sell and buy commercial property online

Andrew Dewey
Andrew Dewey, Managing Director of Swindon Property.

Swindon Property has recently announced the launch of its new online property auction platform, Swindon Auctions.

A service designed to offer a streamlined and secure way to buy and to dispose of property online, Swindon Auctions is led by a team of property experts and supported by a free, easy-to-use app which will feature attractive commercial and industrial property offerings across South Africa.

Swindon Property’s first online commercial property auction will take place on Wednesday, the 4th of November 2020 here. Sellers who are interested in the auction can contact Ryan – 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. With the detailed virtual viewing available on the platform, investors need not physically visit a property to familiarize themselves with it. The transaction is completed online, supported by an app that offers live bidding functionality and real-time updates.

Managing Director of Swindon Property, Andrew Dewy says the platform will empower bidders to make confident, timely and smart decisions throughout the buying process. 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 meet the needs of our mobile-forward, tech-savvy clients,” he says. “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.”

Swindon’s new auction offering adds to the company’s 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 its clients.

We’re exceptionally observant of the shift in digital property trading volumes and the subsequent upsurge in online investment deals and asset disposals,” he says. “Swindon can now offer its 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 traditional ballroom-type auctions. However, thanks to a digital system that verifies and registers every bidder with full FICA and audit compliance, these risks are now removed.

Auctions on app: property transactions in the palm of your hand

Swindon Auction’s 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 to participate in Swindon auctions on the go, providing 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. Swindon Property’s online auction platform could not have launched at a better time. 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. Swindon Property markets every property to a national database of engaged, high-net worth, qualified buyers, facilitating the entire process from due diligence, viewings, marketing, conclusion of sale agreement to transfer.

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 Swindon’s auction division about your property auction requirements, contact:

KZN office:                  +27 (31) 324 3540

Mobile number:         +27 (67) 263 1357

Email:                          ryans@swindon.co.za