Mar
2012
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.
You will need to do research. Firstly, you will need to decide on the type of property you are interested in as well as the location. Then you will need to decide on the single property you want to buy on auction. When you have done this, you will need to do some research on the property you are interested in.
When you have finished with the research, you will need to view the property. The owners of the property or the banks will give you access to the property with prior arrangement.
After viewing the property, get your finance in place if you haven’t done it already. When finance is already in place, it makes the process easier and faster. You can also make better financial decisions when finance is already in place since you have an idea of what your budget is.
After this, you will need to register in order to participate on an auction. Myroof offers you live online auctions. Be sure to have your green bar-coded ID document ready when you want to bid on the auction.
One of the most important factors you need to keep in mind is to put emotions aside while you are in the bidding process. Do not overspend your budget because you think the property is your dream home. If you are not the highest bidder, there will be another property going on auction that will suit your needs.
Visit www.myroof.co.za to view all the repossessed properties going on auction and find your dream home.
