Interested in visiting Gauteng property auctions? Know that this is where you will find some excellent houses at such affordable prices; you will wonder why you didn’t think of it years ago. Residential properties are quite expensive these days, not only in Gauteng but also in other cities like Johannesburg, Cape Town and Pretoria. There are also auctions that take place in other cities in the Western Cape if that is somewhere you would prefer to visit, and you will find plenty of cheap houses there too. There is no need to worry if you are unable to purchase a house in your favourite city, visit an auction and see what you can find there. The houses will not be dirt cheap, but they will definitely be a lot cheaper than they would be under normal circumstances when they are found at Gauteng property auctions. You have many options to… Read More

FNB repossessed houses from First National Bank are available in Cape Town, Durban, Gauteng and other cities in South Africa. You can bid on and buy FNB houses on auction to renovate and sell or for you and your family to make a new home. Properties in possession of the bank means that the owner was not able to pay their bond payments. Therefore the bank took the house back and is selling it to pay the rest of the costs due to them. Auction events are held quite often and in different areas all the time. For you to find out where the next and nearest auction will be, you should go into your nearest FNB branch. They should be able to tell you. The houses are all of different shapes, sizes and colors when you are interested in FNB repossessed houses from First National Bank. These houses are… Read More

Buying Gauteng houses for sale at auctions has become increasingly cheap as the number of bank repossessions has gone up. The economic recession has meant that many people can no longer afford the expensive property they were living on which has increased the number of repossessed homes on the market in both Johannesburg and Pretoria. This means that auctions happen with increased frequency, and as lending institutions seek to recoup their funds, the prices of these incredible properties gets lower and lower. There are so many reasons why you should purchase Gauteng houses for sale at auctions, not least of all because they are incredibly cheap. Property in Johannesburg and Pretoria has continued to become more and more expensive and the development in that area hasn’t stopped since South Africa was born. But when bank repossessions started happening in the wake of the economic downturn, these extremely expensive properties lost… Read More

When looking for homes for sale in Gauteng, you are certainly not short of options. There are different houses on the market, so you shouldn’t have a problem finding something that suits you and your family, or even you on your own. Your best bet would be to first visit your nearest estate agents office and see what they can offer you with the specifications you give them. You should also look out for property auctions in your area and definitely visit auctions where they are selling off homes from bank repossessions. Repossessed residential properties go for cheap prices at auctions because the bank just wants to get back the money that the previous owner still owes on the house so they sell it at a good price. Have the specifications of your dream home handy when you are looking for homes for sale in Gauteng. This way you will… Read More

Real estate property listings are available to prospective buyers to look at when interested in buying a house or properties. If you are looking for a repossessed house then you should be able to find one in one of the free lists that are available online. In order to search for homes you should give yourself enough time to look at all the options available to you. You could also enquire at estate agents and see what they have to offer, they might even be able to point you in the direction of other investors who would be able to help you and they could even have land that you might be interested in. If you search online you shouldn’t find it difficult to get your hands on real estate property listings. When you search for homes you might just have to know what it is that you are looking… Read More

It is a great time to buy a house and the most affordable way to do it is to look at the bank repo homes for sale in SA. The financial crisis has meant that many more people have been unable to pay their mortgage and bonds and so there has been an increase in the number of repossessions made by banks. The houses that are repossessed are normally sold at auctions, as is. Bank repo homes for sale in SA are sold by all South African banks to recover costs from unpaid home loans, or mortgage payments. Banks need the money quickly, so that they don’t go into debt which gives the potential buyer the opportunity to get an extraordinary house for an extremely low price. Normally banks require you to take specific information with you before you can start bidding. Before you attend auctions, make sure that you… Read More

Cape Town repossessed property auctions for those looking at buying land, houses or business premises at a competitive price in the Western Cape are great to utilise as a starting point. In times of financial difficulty many banks are forced to repossess homes, properties and other assets when owners have defaulted on their payments or were simply no longer able to afford them. Many of this real estate is then sold at auctions for a much cheaper price. Whether you’re a first time home buyer or are simply looking to buy vacant plots or premises, auctions are a great place to get started. So now is the time to get bidding! The Western Cape is a beautiful place and Cape Town repossessed property auctions are a way for you to share in that beauty. You may not have all the funds you need but if you approach your credit provider… Read More

Buying a house that has been repossessed can be a quick way to avoid the expense of purchasing a new property. Bank repossessed homes are normally repossessed because the owner has not paid their loan or mortgage. In times of financial stress many people are unable to make their bond and mortgage payments and so repossessions become more common. The reason that they are cheap is that the bank wants quick money in order to pay off the owners’ debts. All South African banks including Standard Bank, FNB, Absa and Nedbank have a different route of selling these homes, but most banks will hold auctions to allow the buying public to purchase these properties. If you are an investor, then buying a house that has been repossessed can be an excellent way to purchase property that you plan to develop. A number of the houses on sale often require minimal… Read More

There are plenty of houses sold on auction in Cape Town on a regular basis, so if you are looking for an affordable home in the Cape, this is what you should do. Homes sold on auction could be done this way because they have been repossessed, or the agents might hold an auction because it is the easiest way to sell their properties. If homeowners cannot pay their mortgage, the banks take the properties back and sell them to pay off the homeowner’s debt. Houses in the Western Cape that are sold can be big or small and range in price. If you don’t have all that much money to spend but you would like to buy a house in the Western Cape area, you should do as much research as you can on houses sold on auction in Cape Town. You are sure to discover more than a… Read More

ABSA Standard Bank and FNB Bank repossessed properties are for sale in the Western Cape, Gauteng and Natal on a regular basis in South Africa. With successful bidders picking up some great investments at bank repo auctions. We look at the following bank repossessions in South Africa: ABSA Bank Repossessed Houses Standard Bank Repossessed Houses FNB House Repossessions Bank repossessed properties do not only come in the form of houses. Vacant land or plots and liquidated businesses are among other investment opportunities for potential buyers in SA. Vacant land, plots and liquidated businesses that do not get sold at the regular bank repo auctions are then put on property in possession lists and websites. This may also interest you: Nedbank Repossessed Houses For Sale in South Africa Cape Town auctions are popular. As well as events being held in Johannesburg, Pretoria, Durban, Port Elizabeth and Bloemfontein. Just to name but… Read More