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 [...]

03/6/12 6:41 AM Filed under: Bank Repossessed Property, Investment, Property Owner Advice by MRBlogger

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: 1. Moving expenses: You will have to budget for the movement of all your belongings from your old house to your new house. Be sure to make [...]

03/1/12 9:43 AM Filed under: Bank Repossessed Property by MRBlogger

While buying a repossessed property on auction, you might tend to  wonder why you need to own a property instead of renting one. Everybody needs to be a homeowner at some point or another. There are many advantages when you own a home instead of renting from another homeowner. Owning your own home will give [...]

02/16/12 7:19 AM Filed under: Bank Repossessed Property by MRBlogger

Believe it or not, but in a recent survey taken by the UK’s “Daily Telegraph”, South Africa was rated as the sixth location where it is safe to invest in property. Keeping in mind that the South African property market is sought after by foreigners, this makes the idea to buy a repossessed property so [...]

02/16/12 7:12 AM Filed under: Bank Repossessed Property by MRBlogger

Looking to invest your money in a long-term investment? There is no better time than right now to invest in repossessed property. The worst part of the recession seems to be behind us and the property sector is busy recovering. 2012 looks very promising in terms of property investment, and here are the reasons why: [...]

02/16/12 6:56 AM Filed under: Bank Repossessed Property by MRBlogger

We all know that when you buy a repossessed property on auction, you pay less than the market value of the property. ABSA issued its newest residential report, indicating the price difference between newly built properties and existing properties. According to ABSA’s newest residential report, prospective buyers will pay an average of 34,5% less (compared [...]

02/16/12 6:45 AM Filed under: Uncategorized by MRBlogger

The New Year has arrived, and you have set some goals for yourself. One of these goals is to buy yourself a place you can call home. You are somewhat skeptical, thinking that it is more expensive to own your own place than to rent from someone else. This is not necessarily the case, since [...]

02/16/12 6:24 AM Filed under: Bank Repossessed Property by MRBlogger

Useful Terms and Terminology Explained When a property owner voluntarily gives up his rights of ownership or interest. This usually occurs when the owner can no longer afford the monthly payments or interest rates and chooses to rather opt out. Abandonment Value The value a project, property or car will have if it gets liquidated [...]

01/1/12 8:30 AM Filed under: Bank Repossessed Property by MRBlogger

When money on a home loan has not been repaid, the bank will get a court order to sell the relevant property. This will only be done by the bank when there i…

01/1/12 12:00 AM Filed under: Bank Repossessed Property by MRBlogger

There are obviously certain things you will need (to get in order) if you are interested in selling bank repossessed properties. Bank repossessed properties …

01/1/12 12:00 AM Filed under: Bank Repossessed Property by MRBlogger