Property auctions in durban
Property is probably the most stable form of investment that is out currently, unlike a car a house or building or rather a fixed asset as many will say is guaranteed to bring you income and add onto your wealth unlike a car. The cost of houses or property in South Africa is very steep as many know that in this economy its almost impossible to purchase one, the easiest way to buy a property will be to go through an auction and eliminate the real estate agents that benefit from profit while exploiting you. Property auctions in durban would probably offer you the best price at purchasing a dream home by simply bidding. When you make a bid for a property it is way simpler than paperwork that would stress you for months while trying to get hold of title deeds. Unlike this though at an auction the title deeds are readily available and there is less paperwork.
First thing that you would need to do is inspect the property that you would like to bid for, this will give you an upper hand when you are bidding. Most bidders only notice they made a loss when they have purchased the property. Its very easy to do such mistakes and wind up in debt. So for the most part of it if the property is intact it would be a good buy.
Also check the plumbing of the home, open the taps and check the pressure from the pipes to make sure you are safe. You do not want a situation where you buy a house and the stench blows up and floods your yard with sewage, we sure you get the memo.
Also if you can attend an auction before you actually bid so that you can have an idea of the process and ask for advice from those that have been at auctions as bidders before, this will elevate your state of mind and prepare you before hand!
For more auctions news read: Auctions in Johannesburg