The inevitable is coming… though delayed; energy costs will indeed achieve heights that will have us all in a financial crunch. When buying a new private property or repossessed house as your new home, be sure to go green from start. The majority of repossessed houses may require some renovating, which is a good excuse [...]

11/20/09 4:10 PM Filed under: repossessed houses by admin

Has there been less interest in repossessed house purchase lately? A report from the National Credit Regulator, published today, shows how lending on cars and furniture surpassed new mortgage lending for the first time in quarter 1 and quarter 2 of this year as banks tightened mortgage lending and consumers kept from borrowing. Surely all [...]

11/19/09 6:04 PM Filed under: repossessed houses by admin

The year nears its end similarly to the change in the repo rate neared its end a couple of months ago. Unfortunately no new excitement was permitted by the Reserve bank for you to hunt down that Bank Repossessed house purchase. Many bank repossessed houses remain available and are still up for grabs. People are [...]

11/19/09 12:34 PM Filed under: Bank Repossessed Property, repossessed houses by admin

So, you bought your awesome new property in possession (PIP) at a below market value price and you just moved in. All is good with your new starting life in the spacious property in possession (PIP) found from the FNB repo list since you moved in and all is in place. Nothing could go wrong… [...]

10/27/09 6:40 PM Filed under: Bank Repossessed Property by admin

FNB stated on Friday that the current property recovery may be relatively short-lived and of limited magnitude. FNB repo list contains many repossessed property priced below market value. The year 2010 could show a small peaked increment in the property cycle, the bank said in a statement. According to FNB home loans strategist John [...]

10/24/09 4:26 PM Filed under: Bank Repossessed Property by admin

When considering bank repossessed property or private property for sale, the starting point is the financing. Many of you might be wondering how you can finance the purchase of a repossessed property or a property for sale without being able to buy a property with cash. The answer to your pondering is the following: [...]

10/22/09 8:00 PM Filed under: Bank Repossessed Property by admin

Infrastructure installations such as water, electricity, sewerage and communications are being worked on currently at Menlyn Maine in the Menlyn node in Pretoria’s affluent eastern suburbs. This comes as now surprise when considering the upcoming popularity of this area. There are still a number of repossessed property and private property available in the area and [...]

10/20/09 10:57 PM Filed under: Bank Repossessed Property by admin

There exits a very valuable trick in the property trade market. South African trend watchers believe that the UK property market gives a foresight into the local property market future. Before investing in private property or repossessed property they have a look at how the foreign property market is performing. If the UK market indicates [...]

10/15/09 7:49 PM Filed under: Bank Repossessed Property by admin

Are you considering buying property with the purpose of lease? Have you considered bank repo property? So many available bank repo properties on the bank repo lists exist from FNB, Standard bank, ABSA etc. will get anyone’s imagination overwhelmed with possibilities. This idea of buying bank repo and leasing has been a good idea for [...]

10/13/09 7:07 PM Filed under: Bank Repossessed Property by admin

The accumulation in the provision of affordable property is achieving ultimate figures, according to a report by the Banking Association of South Africa (Basa) which shows more than 661 000 affordable private residences need to be built. This while many Property in Possessions remain available in banks’ repo lists. The problem is that most of [...]

10/12/09 7:33 PM Filed under: Bank Repossessed Property by admin