Auction Houses Make A Comeback
November 3, 2008
With the housing market falling, more and more homes have been repossessed with owners struggling to keep up with payments. The increasing amount of repossessions has given first-time buyers the chance of getting on the property ladder, as auctions are making a comeback.
Auctions used to be a way for home owners to sell a house in need of a lot of renovation and repair work. They slowly declined over the years, as the cost of surveying fees and solicitor fees, as well as research time proved to be unpopular with investors. With the amount of repossessed homes increasing by almost half in the recent months, more and more homes are being sold on the auction table. This is opening many doors for first time buyers who may just be able to get a deal that they can afford.
Auctions are proving to be the answer for both buyers and sellers in the housing market today. Sellers who have been unable to sell homes through real estate agents are turning to auctions houses for help. The auctions are seeing a greater range of prospective buyers including investors and first-time buyers hoping to get a good deal.
Thinking Of Becoming A Landlord?
October 24, 2008
Are you considering taking on the role of a landlord and buying a home to rent out? Investing in a rental property can be a great venture as long as you do all your research beforehand. [Read more]