Real Estate Investment

Ideas to find the right property !

Work at it! Find a motivated property seller for that perfect real estate transaction.

Ask real estate agents. If a real estate agent is part of your team they will alert you to good property deals ­remember there is a commission waiting for them after each successful property deal.

Look at the property repossessions (properties in possession or PIPs) at Property Home real estate portal. Most banks no longer keep their own property repossessions (foreclosures), they give them to real estate agents to sell property, so you have to look around for a property for sale. Remember a property repossession results from someone not being able to maintain the bond repayments on a house and the bank takes it back and advertise property as a house sale. They are more interested in recovering the amount outstanding than the market value of the property for sale. Clearly they'll go for the best they can get, but if you offer them cash quickly, they'd prefer that to waiting around for months to get a better price on the property sale.

Read the newspapers. Look for all sorts of information i.e. private property, home for sale, real estate listings and houses for sale. The more obvious ones are houses for sale and property for sale auctions, but notice which is being transferred by his/her company, look at the death notices, keep your eyes open for signals of motivated sellers.

Look at Property Home property portal  This is where people sell properties directly and you may be able to negotiate special deals on property for sale. There is no commission payable to a real estate agent if you buy private property for sale.

Go to property for sale auctions. Attending property sale auctions is an educational experience. You need not buy real estate property or anything to begin with, but attend and learn the way things are done especially the way a house sale is concluded. Identify the possibilities and see how people work to win the bid. Once you are familiar with the property sale system and the tricks, you will start picking up property bargains. One of the first rules is always to do your homework before the time: find out as much as possible about the property deal before the day of the property for sale auction. Do the calculations based on the bargain property for sale program ­taking all costs into consideration (such as commissions, VAT, arrear levies, water and lights or any municipal fees). Above all, do not get emotionally involved in the property sale and do not get caught up in the hype of the real estate event - know your limits.

Let your network of attorneys, accountants, bank managers, real estate agents and friends know that you are looking for property for sale.

Author: Realtors House Sale | Sponsor: South Africa Private Property