Busy property-hunting, but need to know about all the potential expenses? You can save some money when buying a repossessed property. Many properties that are being sold nowadays are repossessed properties on auction. This means that you can get your hands on a nice property for well-below market value.
The good news when buying a repossessed property is there are no transfer duties payable. Furthermore, property rates and taxes are being paid by the bank until date of registration.
When buying a repossessed property on auction, you should have a good idea of how much you can spend, and what type of property you are interested in. This will narrow down your search.
Try to have a cash deposit on hand, since this will greatly count in your favour when applying for a home loan.
A good place to search for a property would be online. This can be done anytime of day, from the comfort of your own home. Furthermore, you can place a bid on a property with the online auctions we offer you. All the listed properties have pictures as well as floor plans included, making the decision easier for you.
With all these advantages of online auctions, wouldn’t you rather search for the perfect property online instead of using all your hard earned money for petrol instead of a deposit?