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Western Cape

Situated in the south western corner of South Africa, the Western Cape is one of the country’s most popular locations and destinations. Boasting the exquisite allure of the Winelands, the Karoo and the splendour of the Garden Route, the province also houses Cape Town – the Mother City – a haven for its culturally practised and tasteful residents.


Also known as the Garden province as a result of its coastal sub-tropical climate, KwaZulu-Natal has always been one of South Africa’s favourite holiday destinations. While the coastline is dotted with picturesque small towns, the province’s interior consists mainly of inspiring and spectacular rolling hills.

Eastern Cape

The Eastern Cape includes such diverse landscapes – from the arid Karoo to the wet and windy Grahamstown – that any person can find their nirvana here. This province also boasts South Africa’s only snow skiing resort, which is situated in the Southern Drakensberg.

Free State

With Bloemfontein as its capital city, the Free State is found in the very heart of South Africa. The lovely climate and fertile land have made the province a thriving agricultural community. The Free State’s chief tourist attraction is the Golden Gate Highlands National Park nestled in the foothills of the breathtaking Maluti Mountains.


Meaning literally “the place where the sun rises”, Mpumalanga is divided into scenic highveld and savannah lowveld. Main attractions in the province include the Kruger National Park, the Sudwala Caves and the Blyde River Canyon.


As the northernmost province in South Africa, Limpopo shares its borders with Botswana on the west, Mozambique on the east and Zimbabwe in the north. Limpopo’s proximity to these African countries has gifted it with the beauty and contrasting landscapes that has made it a favourite among travellers and adventure seekers.

North West

The North West province is a picture of authentic African bushveldt beauty that encourages adventure. From the quiet beauty of the Pilansberg Nature Reserve to the bold decadence of Sun City, the North West offers both culture and comfort.

Northern Cape

The Northern Cape is the biggest and most sparsely populated province in South Africa, dominated by the Karoo Basin. This natural gem includes the Kalahari Gemsbok National Park, the Augrabies Falls as well as the famous Namaqualand region.

Standard Bank lists repossessed and mandated properties for sale via ONLINE AUCTION as well as online offers. Standard Bank will settle all arrears rates and taxes on a property, in addition to paying all rates and taxes due until the date of registration. To make the process even easier on the pocket, there are no transfer duties payable by the buyer when purchasing a repossessed Standard Bank property.


When buying repossessed property through Absa in a personal capacity, the buyer will not be held liable for payment of transfer duties on the property. An added bonus is that should you finance your new home through Absa Home Loans you will enjoy the benefit of discounted attorney fees. Why not start your search for your dream home today?


FNB takes the majority of the work out of buying repossessed properties by offering buyers up to 100% bond financing. The buyer will not be liable for any transfer duties, and FNB will furthermore pay any outstanding property rates and taxes up until the date of registration.

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MyRoof does not charge any commission to sell your property online. What we mean with no commission is exactly that – no fees are ever payable to us at any stage for the FREE listing option. As we do not charge commission, you can accept a lower offer but still get the same amount of money in your pocket. This will result in more interested buyers in your property.

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You may upload as many photos as you wish onto our website. This will help you in selling your property faster. The more photos, the better idea a buyer gets of your property. Remember that photos can give the buyer a desire to own your property! You can also add the best things your property has to offer on the extra notes section. Buyers enjoy looking at the additional notes to make a decision on whether to view the property or not

Floor plans

All privately owned properties on our website have floor plans in the main centers. Just imagine if you were a buyer and could get an idea of the layout of a property even before visiting the home! Not only will the buyer get an idea of how big the property is, but he or she will also get the chance to view the sizes of the individual rooms and see where they might want to add or remove a wall. The buyer will also have the opportunity to compare the sizes and asking prices of different properties per square meter. Lastly, the floor plan gives the prospective buyer a clear understanding of how the property looks as the arrows on the floor plan show from which angle each photo was taken. The buyer now gets a real feel for the property and can immediately see if this is what they were looking for. This means that only serious buyers will make offers on your property.

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On top of the unlimited photos and the added floor plan, we also offer you a large client base where alerts are sent out to buyers who are looking for a property like yours. Alerts are sent to prospective buyers who have indicated that they are interested in property in a specific area at a specific price range. Alerts will also be sent out should you lower your asking price or arrange a show day with us. This has been found to work well to communicate with many potential buyers at once. And it also keeps buyers interested in your property!

Until sold

We will keep your property on our website until the day it is sold – whether this will take a day or a year. MyRoof has hundreds of thousands of property buyers and send out tens of thousands of alerts daily to keep these buyers updated on new properties they might be interested in buying. Don’t worry if you’ve heard that selling your property is difficult because you are in our capable hands – this is what we do, all day, every day. Our system has been proven to work by many satisfied sellers like you – all of this at no cost to you!

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MyRoof offers the complete online experience for buyers. How do we do it? With our front page displays, many photos of your property, detailed floor plans, MyRoof For Sale board, MyRoof On Show boards and alerts we send out to our large data base. If you combine this with our world-wide marketing resulting in thousands of online offers on a daily basis, you know your property transaction is in good hands.

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Repossessed properties, or ‘Properties in Possession’, comprise such properties that have been bought by the bank after the current owner defaults on the bond that the bank holds. Distressed properties can be classified as such when a homeowner misses home loan repayments to the extent that the holder of the bond, usually the bank, issues a foreclosure order or sites the property as ‘for sale’.

These properties are then valuated by the bank and sold to recoup costs and minimize the defaulting owner’s indebtedness. The market is thus the ideal investment playground for those with the means, as a result of the low interest rate on bonds as well as the considerable volume of repossessed and distressed properties available.

As with any investment, it is prudent for would-be buyers of repossessed or distressed properties to be as well informed as possible. Before bidding on such a property it is advisable to find out important information such as the property’s market value, location, conditions of sale as well as title deeds of the property.

The main advantage of investing in repossessed property is that more often than not you can find homes at discounted prices. In a seller’s ideal market properties are sold for their assessed market value, but in the current buyer’s market these properties are usually sold for prices well below their calculated value.

An added financial bonus when buying properties in possession is the fact that no transfer duties are payable, which represents a significant saving in terms of initial monetary outlay. It is wise to keep in mind that the standard bond registration and attorney fees are still applicable to the purchase of repossessed homes. Further, most of the major banks will settle the outstanding rates and taxes or levies until the property’s date of registration.

Prospective buyers should be aware that when dealing with distressed or repossessed property the transfer process may take longer than a standard transfer, as a result of the fact that the procedure is more intricate and complex.

Once buyers have found the property or properties that are suitable investments and meet their requirements, they must ensure they have the funds or approval for funds available before they place an offer on a distressed or repossessed property. Should the offer then be accepted by the seller or the bank and the deposit has been paid, the process is very similar to the purchase of a normal property.

Since the repossessed property market is currently very active properties available in popular areas are sold very quickly, and as such it is important to be prepared, educated and decisive when entering this market.

Making use of companies that specialise in the sale of properties in possession is much more sensible than attempting to negotiate the network of information by oneself.

MyRoof.co.za offers those interested in purchasing repossessed property – be it for an investment or for a new home – a regularly updated, secure and easily understandable means of buying repossessed property. The website itself offers a vast number of properties to choose from and allows users the ability to organise and make notes on any properties that are suitable. The trained and enthusiastic consultants can also help prospective buyers with everything from submitting an offer to the bank and applying for bond financing on the buyer’s behalf.

So make sure to visit MyRoof.co.za to browse repossessed property for sale by ABSA, repossessed property for sale by FNB and repossessed property for sale by Standard Bank.

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