property auctions in cape town
Property auctions in south africa – cape town
Property auctions in Cape Town can help you buy a house at a low price, with less hastle!
The painfully-slow business of house buying can be avoided by the increasingly popular route of snapping up a home at Property auctions in Cape Town – but the process is not for the faint-hearted.
The upsides are that the process can take a month or less, you can see rival purchasers and know what they will pay. The downsides are that Property auctions in Cape Town can attract ‘problem’ homes which, say, need renovation, have sitting tenants or are hard-to-sell like flats above shops.
But Property auctions in Cape Town frequently allow canny buyers to pay lower-than-average prices so long as they do their research and stay calm in the pressure of the bidding room.
Top tips for buying a house at an auction in cape town
1.Visit Property auctions in Cape Town without bidding to see if you like the experience;
2.If you go ahead, order a catalogue for a future auction (available three weeks in advance);
3.View Property auctions in Cape Town you like – the auctioneer arranges visits for individuals or groups;
4.Get a survey done, even if one is included in the seller’s ‘legal pack’ – the agent may do this to avoid multiple surveyors from rival bidders;
5.Sort finances – successful bidders pay 10 per cent immediately, the rest within 28 days;
6.Instruct a conveyancing solicitor familiar with auction purchases;
7.Set a personal spending limit including legal, transaction and renovation costs;
8.Take all legal, mortgage and ID paperwork to the auction;
9.Once bidding begins, make clear hand signals and verbal bids on your ‘lot’;
10.Avoid being carried away in a bidding war and exceeding your limit.
Property auctions in Cape Town is here to safe guard your interests, we know just how hectic buying a house is that is why we took time to write this article to educate first time buyers at property auctions in cape town.
Keep informed and do your research !
Make sure you not what all costs are involved before bidding !
Get more auction news at Auctions in Durban