Visiting Cape Town banks house repo auction events will make many reasonably priced homes available to you for purchase. If you are checking the market for properties, know that by looking at repossessed houses will give you a whole lot more options for the price you are able to afford. All you have to do is contact Nedbank, ABSA, FNB or any Standard Bank branch and they will tell you everything you need to know about auctions and perhaps provide lists of where they are selling houses in the Western Cape or any other region in which you are interested in.
When houses are repossessed the Cape Town banks house repo auction events sell them off to bidders for cheaper prices then they would normally go for if sold normally on the market through an agent or even privately from the owner. You don’t have to only use the bank that you bank with, you can go to any Standard Bank, FNB, ABSA or Nedbank branch and find out what you need to know about the auctions where they are selling repossed properties. If you are only interested in houses in the Western Cape, then mention that when you are asking the bank about the auctions you want to attend so that they don’t give you details of auctions selling homes in areas you don’t even wish to live in.
If you haven’t visited an auction yet, it is a simple procedure and after being at one for five minutes you will know exactly what you need to do. These events are usually busy; there are always people on the market for repo houses, so you have to be quick and sharp when it comes to bidding. Visit as many of the Cape Town banks house repo auction events as you can if you want a shot at all of the bargains that are up for grabs.