Many investors and home buyers are making use of auctions as a way of discovering the next great bargain. Bidders will find everything from entry level homes to vacant land and multi-million rand mansions available on auction. But, before you rush to start waving your bidding paddle in the air make sure to do your homework before buying a property on auction – be it at a physical auction or an online auction – as there are certain things any bidder should be aware of. ...read more
Want to buy a repossessed property on auction, but afraid you will not qualify for a home loan? We all know that right now is a good time to invest in property. So, why not save some more money and buy yourself a repossessed property? ...read more
With the South African interest rates at its lowest in 30 years, the property market has become very favourable for young- as well as first-time buyers. Furthermore, they have the added advantage of buying a repossessed property on auction, where they can get their hands onto a property for below market value. ...read more
Do you know the difference between insolvency and bankruptcy? People tend to confuse these two terms. However, they do have different meanings and different purposes. Together, insolvency and bankruptcy form part of a process. ...read more
As you get older, you will need to retire sooner or later. But do you have the adequate back-up in place to retire comfortably? Only a few people in South Africa can afford to retire on their retirement fund only. So, do you have any more ideas on how to retire comfortably? ...read more
Struggling to decide whether to buy or rent? Here are five good reasons why buying repossessed property on auction is better than renting: ...read more
The South African Reserve Bank (SARB) made the decision that the repo rate should remain unchanged at 5.5%. The SARB has kept the rates unchanged for 16 months, and it is the lowest in 30 years. This decision leaves the Rand less volatile. ...read more
Both buyers and investors find the idea to buy repossessed property on auction attractive. It is a common fact that repossessed properties are bargain buys. ...read more
Interested in buying a repossessed property on auction, but want to know how to get the best out of the deal? Here is what you can do to make the process go smoother, and what you can expect. ...read more
With the many repossessions taking place in South Africa, the market has reached a point where property has become relatively cheap. This is good news for would-be owners, enabling them to get their hands onto repossessed properties at a good price. ...read more
When buying a repossessed property on auction, you will uncover a great deal that will suit your needs as well as your budget. But how do you go about buying on auction? Here are some handy tips. ...read more
When you buy a repossessed property on auction, there are also some post-sale expenses that you will need to take into consideration. Here are a few of them: ...read more
A property auction is a thrill, it sounds cheap when the bidding starts, but I'd make up my mind on what I'd be willing to pay after VAT and Auctioneers commission before the auctioneer starts working the crowd.
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These days it seems there are more property on auction boards than Property for Sale. Does this mean you'll buy a bargain at an auction - read to find out...
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