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:
1. Repossessed property bought on auction is low-priced: there is an oversupply of repossessed property. If you are in a position to buy a property, you should definitely make use of this opportunity. When buying a repossessed property on auction, you get great value for money.
2. Interest rates are at a 30 year low: home loan interest rates are lower than it was in 1974. With the interest rate being stable the past few months, there is no better time to invest in repossessed property than now.
3. Buy-to-let: should you want to invest your money in repossessed property, and already have a house you are paying off, why not buy-to-let? When buying a repossessed property on auction, why not let it out? Many people do not qualify for a home loan and need to rent. This will assist you in paying the home loan every month.
If you can invest in the property market right now, why not do it? Why not make that long-term investment now?