Distress sales properties in South Africa are available all over, but they aren’t always made very public. These distressed homes could be bank repossessed houses, but they could also be because they are below market value and people aren’t really interested in them. If you are interested in places like these only in the Western Cape, then that is exactly what you should look for because there are ones available. You have to be specific about what you want though, as there are many different houses on the market. You might find something bigger than what you wanted for the same price; you never know what you may get when it comes to distressed sales.
Many people run when they hear about distress sales properties in South Africa because it just sounds like something you don’t want to invest in. It sounds far from a good investment, but the truth is that if you know what you are looking for and you know how to buy these places, then it will work out just fine and you would have got a really good bargain. Getting bank repossessed houses or plots are normally more worthwhile than getting places that are below market value, so if you can rather get your hands on the repo auctions, then that is what you should do.
The Western Cape isn’t the only area in which you can find these properties, so if you are interested in distressed sales, but not for houses in the Western Cape, that is fine as there are many other places that you could look into. Don’t head for the hills when you come across distress sales, rather see what it is about, and maybe you would have found what you have been looking for all along. Find the distress sales properties in South Africa that you are most interested in and choose just one of them.