Both buyers and investors find the idea to buy repossessed property on auction attractive. It is a common fact that repossessed properties are bargain buys.
Bids are being placed constantly on Myroof’s online auctions where many of the potential buyers or investors become property owners in the process. You too can become a property owner by viewing the repossessed properties on www.myroof.co.za.
Here are some advantages house buyers will benefit from:
- It is the ideal way to buy property since you get more house for less money; and
- You save thousands and get property for well-below market value.
- It is an ideal opportunity for house buyers to get onto the property ladder and build your property portfolio.
On the other hand, this is how investors will benefit from repossessed properties:
- Investors can buy more properties since it is more affordable; and
- Investors will build their property portfolio greatly in the process.
Furthermore, the investor can rent out the property he has bought with the eye on reselling it later on.
Some of the advantages of auctions include:
- The prices are much more affordable than the normal, retail prices of property.
- You can expect to get properties for well-below market value.
- Repossessed property provides bidders with excellent property opportunities at great prices.
The decision to buy a repossessed property on auction is very smart. Many “happily ever after” stories take place everyday by people who invest their money in repossessed property. Are you attracted by auctions on repossessed property?