Not sure if you should follow the route of buying a repossessed property on auction? Buying a repossessed property can save you a lot of money. When you are looking for a property that will suite your needs, but only have limited funds available, this is the way to go.
When you buy a repossessed property, you can be rest assured that the outstanding rates and taxes will be paid by the bank. The bank will also cover the rates and taxes up until the date of registration of the property. You also pay no transfer duties when buying a repossessed property.
You are bound to find the perfect property on auction for your needs on www.myroof.co.za. Many unique repossessed properties are listed on this website from which you can pick and choose.
Furthermore, these properties are being sold for below market value. Since there are so many repossessed properties available, you will find something that will suit your emotional as well as financial needs.
Buying a repossessed property on auction is a great long-term investment. Would you, as an individual, look at the option to buy a repossessed property on auction?