Real Estate Investment Secret

Top tips for our property investors. 5 tips for buying Auction Property outside the auction. It’s very unusual for our sourcing teams to purchase a property at auction because the rules of auction are that the exchange takes place there are then in the room which is usually not practical for clients. However, very often we will be able to buy an auction property outside the auction by either offering before, or if it fails to meet the reserve on the night. Both options can be very lucrative for the buyer but there are a few key things to be aware of if you buy an auction property even if you don’t buy whilst in the actual auction room. The advantages of buying an auction property are often that you can get a really great deal (for example we secured a property in October valued at £400k and actually purchased by the client for £255k) Remember all the searches have been done so it also means you have a fast purchase – usually the purchase is done and dusted within 4 weeks from start...

A condominium unit at The Marina Collection in Sentosa Cove was to be put up for auction a third time by Edmund Tie & Co ( ET&Co) on March 29. However, it was sold prior to the auction, at a price believed to be around $3 million. The unit was a mortgagee sale, and the recent buyer, a foreign investor. The latest transaction translates to a 42.8% discount to the previous owner’s purchase price of $5.24 million ($2,800 psf), based on a caveat lodged for the unit in December 2011. The 1,873 sq ft unit on the second level has a direct view of the marina and contains three bedrooms and a study. The unit is currently tenanted at a rental rate of about $6,000 a month. Last December, a similar-sized unit on the third level (above the one that just sold) of The Marina Collection fetched $3 million ($1,602 psf) as well. It shows that prices of condos at Sentosa Cove have finally bottomed. “These transactions demonstrate that at the current price levels, buyers are finding it att...