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When a potential investor or buyer hears the term “mortgagee sale” or “repossession” you can often see the dollar signs in their eyes. There is a common view that mortgagee sales come with a lower than market value price. This can be correct in some cases, however thorough due diligence should be conducted before purchasing this type of property. Below we will look into the usual process in WA for mortgagee sales, as well as the pros and cons of purchasing a mortgagee in possession property.
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Have you maximised profit in your previous property dealings? Or have you ever lost out on the property of your dreams and felt like nothing better would ever come along? Buying property in Perth can be an emotional experience, especially for those who are inexperienced, so how do we override emotion in a Perth property purchase?
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AuthorAll blogs are written by the team at Archives
September 2015
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BUYING PROPERTY PERTH – Free Information for Perth Home Buyers
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