Bringing the option of property auctions to you!
The property market is one of the most competitive industries in a growing economy. To stay ahead of the curve and give our clients modern solutions to property investment acquisitions, Newpoint Property Group has made the art of property auctioneering more accessible than ever before. Discover why property auctions are a vital part of the real estate world and how you can join this dynamic marketplace.
The nature of property auctions in commercial and industrial real estate
Auctions are often used for properties that may be difficult to sell using traditional avenues. This may include properties that need redevelopment, distressed properties or assets on the brink of insolvency. However, in an auction, the property is sold within a specified time frame and can be conducted live or online. Newpoint Property Group has a mobile app that can be downloaded from the Google Play or App Store and allows you to view upcoming and past auctions, sign up to bid and be part of the action. Simply download the app and sign up/log in to access your account.
Embrace the advantages
Time management: Swift transaction processing is a welcome benefit of auctions. Properties are sold in weeks and are an ideal solution for those who need liquid cash or who are looking to expand their portfolio quickly.
Price transparency: Since bidders determine prices, this showcases the true market value and is an indicator of the economy.
Accessibility: Online and international auctions open up a world of possibilities. It broadens the reach of potential buyers and attracts investors, leading to more exposure. This often results in the best outcome for the sellers.
Reduction of risks: Owners of distressed or vacant properties can minimise holding costs like taxes and maintenance. This greatly reduces their risk of prolonged market exposure
Bargain buys: Auctions are a gold mine for commercial and industrial investors. Properties in high demand can be picked up at competitive prices, especially if some drawbacks are noted beforehand.
Be prepared to compete!
While property auctions offer you the chance to pick up an investment at a steal, they also come with unique challenges. As a bidder, you must be prepared to join the competition. This can sometimes drive initial prices above estimates, but you can avoid this by sticking to your budget and negotiating opportunities as they come. You must also come to terms with limited time for site inspections during physical auctions before the bidding begins.
Online auctions are a fantastic choice for the modern property investor
The digital revolution has now made property auctions more accessible than ever. Utilising available technologies, international bidders and local buyers can participate in online auctions that facilitate real-time bidding. Hybrid models that combine live and online bidding are also becoming more popular as they offer the benefit of both platforms. Newpoint Property Group offers you the best of online auctions with our mobile-friendly app. Now, you can view, bid and invest from the comfort of your home or on the go! Contact us today for more information and to view our latest industrial and commercial listings.
26 May 2025
Author Newpoint Property Group