Categories
- Advice
- Animals
- Automobiles
- Business
- Career
- Communications
- Computer Programming
- Computers
- Entertainment
- Environment
- Family
- Fashion
- Finance
- Food
- Health and Medical
- Home and Garden
- Humor
- Internet Business
- Internet Marketing
- Legal
- Leisure and Recreation
- Marketing
- Other
- Politics
- Reference and Education
- Religion
- Self Improvement
- Sports
- Technology and Science
- Travel
- Writing
Advertise here
Expert Authors
Most Rated Articles
Recent studies show that three quarters of companies do monitor employee’s usage of company owned communication devices and resources This includes surfing the internet, reviewing employee phone calls and employee e-mail monitoring
Pornography is gaining popularity among many internet users all around the world Many people are gaining access to child pornography, illicit images and malicious activities that are offensive, illegal and morally inappropriate
When it comes to making your business a success, there is something which is always crucial in order to ensure its survival-teamwork Having a team which can work closely together in an effective way can help not only make your business work in harmony, but can also help make your team of staff-and your business as a whole all the more stronger
If you are one of those people who greatly love the delicious taste derived from eggplants then the option of growing eggplant in greenhouse will surely be a sensational choice to consider There are many types in which eggplants come and they consist of various sizes and shapes
When you get a hankering for a classic, traditional meal that doesn’t take a lot of time to put together, a smart choice is to make a meatloaf with mashed potatoes dinner This is an all-time favorite of many people because it’s simple, yet tasty, comfort food
When you’ve only got a few minutes to cook dinner and you don’t want to eat preservative laden pre-cooked meals, having a traditional meatloaf and mashed potatoes dinner is a great choice for a quick easy dinner meal Making an investment in several packages of ground beef, while shopping at your local supermarket, is a good idea as well
When you don’t feel like making a big effort to make dinner for the night, you need a simple dinner plan that you can count on to deliver a tasty meal There’s nothing easier to prepare than the humble pork chop
Macaroni and cheese is the ultimate home style meal that can be served as a main or side dish It’s a classic, simple dish made with elbow shaped macaroni noodles and any type of favorite cheese
What is affiliate marketing Affiliate marketing is a way for businesses to spread the word about their business through people who are willing to advertise for the company if the company pays a percentage or set price to the person who is advertising
Decorative Moldings Will Make Any Paint Job Look Even Better You are planning to have someone paint the inside of your home, now give it an even more stylish look by adding crown molding and decorative trim A little bit of woodwork in a home can give it an element of sophistication and class
»
Finance
Rate Author : Current :
2.73 /5
Rate this Article : Current :
3.00 /5
Buying and selling property at an auction is something many people don’t consider due to negative connotations like liquidations and insolvencies. Yet in countries like Australia, the largest percentage of residential sales happens through auctions.
Don’t be fooled by the perception that you are going to get a bargain – not all sales at an auction are forced. It is therefore vital that you are prepared before purchasing any property on auction.
It is important to distinguish between Property in Possession and Sale in Execution: A repossessed property is when a homeowner has a substantial amount of money outstanding on his home loan and the bank then takes the necessary legal steps to serve the owner with a summons, take judgement, and in time attach the property. If the owner stays in debt during these stages, the bank will call on a sheriff of the court to sell the property on public auction or sale in execution. Here, the bank is also entitled to attend the auction and ‘purchase the property back’ if at any stage they feel that the bidding at the sale pose a loss to the bank. It is when the bank ‘buys the property back’ that a property becomes a Property in Possession (PIP).
Always take in consideration that prospective buyers need to register before the start of a public auction and pay a refundable deposit.
On the fall of the hammer you will be required to pay a deposit (usually equal to 10% of the purchase price), and the sheriff’s commission. You will also be obligated to agree on the balance of the purchase within 14 to 30 days. As the buyer you will be responsible for any outstanding rates and/or levies, and the eviction of any occupiers.
A big advantage of buying property at an auction is that you will always know you didn’t overpay, seeing that bidders who lost to your bid where prepared to pay almost the same amount for the property. You can also be guaranteed that the seller wants to sell (and is not just testing the market), and that no lengthy negotiation will be necessary.
Before you decide to buy on auction, attend a couple of auctions just to observe. This will give you the necessary knowledge on how it works and also the confidence that you will need when bidding on property.
Another good idea is to go and view the property before the sale to assess if there are any maintenance problems that may affect your bid. Also, try and determine the market value of the property. You definitely do not want to overpay.
Make sure that the seller doesn’t owe the council any money for rates and taxes – one of the terms and conditions of the sale may be that the buyer is responsible for any of these outstanding amounts.
Pre-arrange your finance for you will be required to pay a deposit at the auction along with other auctioneer fees.
Ask to see a copy of the contract that you will be required to sign, and consult an attorney if anything is unclear. The auctioneer will read out the terms and conditions of the sale before the auction begins.
By Elizabeth McLachlan
A&H Prestige advertises Cape Town property for sale on auction. Visit http://www.ahprestige.co.za for more information
Don’t be fooled by the perception that you are going to get a bargain – not all sales at an auction are forced. It is therefore vital that you are prepared before purchasing any property on auction.
It is important to distinguish between Property in Possession and Sale in Execution: A repossessed property is when a homeowner has a substantial amount of money outstanding on his home loan and the bank then takes the necessary legal steps to serve the owner with a summons, take judgement, and in time attach the property. If the owner stays in debt during these stages, the bank will call on a sheriff of the court to sell the property on public auction or sale in execution. Here, the bank is also entitled to attend the auction and ‘purchase the property back’ if at any stage they feel that the bidding at the sale pose a loss to the bank. It is when the bank ‘buys the property back’ that a property becomes a Property in Possession (PIP).
Always take in consideration that prospective buyers need to register before the start of a public auction and pay a refundable deposit.
On the fall of the hammer you will be required to pay a deposit (usually equal to 10% of the purchase price), and the sheriff’s commission. You will also be obligated to agree on the balance of the purchase within 14 to 30 days. As the buyer you will be responsible for any outstanding rates and/or levies, and the eviction of any occupiers.
A big advantage of buying property at an auction is that you will always know you didn’t overpay, seeing that bidders who lost to your bid where prepared to pay almost the same amount for the property. You can also be guaranteed that the seller wants to sell (and is not just testing the market), and that no lengthy negotiation will be necessary.
Before you decide to buy on auction, attend a couple of auctions just to observe. This will give you the necessary knowledge on how it works and also the confidence that you will need when bidding on property.
Another good idea is to go and view the property before the sale to assess if there are any maintenance problems that may affect your bid. Also, try and determine the market value of the property. You definitely do not want to overpay.
Make sure that the seller doesn’t owe the council any money for rates and taxes – one of the terms and conditions of the sale may be that the buyer is responsible for any of these outstanding amounts.
Pre-arrange your finance for you will be required to pay a deposit at the auction along with other auctioneer fees.
Ask to see a copy of the contract that you will be required to sign, and consult an attorney if anything is unclear. The auctioneer will read out the terms and conditions of the sale before the auction begins.
By Elizabeth McLachlan
A&H Prestige advertises Cape Town property for sale on auction. Visit http://www.ahprestige.co.za for more information