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Another blogger had this to say about the banked forced auction in Simon’s Town: 
If the first auction in March didn’t meet the reserve price, then I’m sure auctioning it again in June when the market has deteriorated further will do the trick.
This is a sarcastic comment but I am sure you get the idea.
ProMO SimonsTownRealty: Phone today at 021-7864028 or 082 870 2004 if you want to sell a Simon’s Town house, want to “a house to buy in Simon’s Town” or if you want FREE Real Estate advice.
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According to a memo sent out by Lew Geffen (the head of Sotheby’s Realty).
For your info the following quote:
There are 60% less buyers in the market than recorded at the same time last year. Attendances at showhouses are generally poor (Echoes of Sharpeville) and only when the Agent has convinced the seller to use the most aggressive parameters i.e. 40% below asking price, does the showhouse receive 10 couples or more leading to a subsequent sale. All the guns are loaded against us in this market and it will take your own courage and perspecuity in order to survive.
This morning I told a member of my own family to drop his price by 25% in order to get a quick sale and I would advise you to tell your clients the same.
Interesting times when you are trying to sell a home.
ProMO SimonsTownRealty: Phone today at 021-7864028 or 082 870 2004 if you want to sell a Simon’s Town house, want to “a house to buy in Simon’s Town” or if you want FREE Real Estate advice.
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