Repossessed house sales in SA are great to be a part of, whether you have been to auctions before or not doesn’t matter, now is the time for you to get to one. Repossessions are great for those buying as they are often sold at much cheaper prices, so there are many bargains to be scored. The best place for you to look is at the banks; Nedbank, Absa, Fnb and Standard Bank are popular ones to hold auctions, get in touch with them for more detailed information. You should have one, or more, of these branches near to where you live, go and have a word with the bank manager and see if they can give you a list of their auction days and venues.
It is very safe to choose to take part in repossessed house sales in SA, but many people are still sceptical about it. They see it as purchasing from auctions is not like purchasing a house the real way, which is true, but you can save a lot of money by visiting an auction to buy a house. Visit your nearest Fnb, Nedbank, Asba or Standard Bank and enquire about their auctions. Banks deal in repossessions because people borrow money from them to purchase a house and then if these new homeowners do not pay the bank back the money they borrowed, the bank will repossess the house and sell it off to get back the money they are owed.
When you go to an auction, you have to know what price range you can afford; otherwise you might see yourself in a bit of trouble. Once you bid on a house and you win that bid, the house is yours and you have to pay for it, there is no turning back. Repossessed house sales in SA is something you do want to be a part of, who wouldn’t want to?