Lets face it, we all love bargains. It's every buyers dream to come across that property that is listed thousands of dollars below its current market value.
But do these listings really exist? Some analysts predict that 10% of the market is currently priced below market value.
- But why would somebody want to sell a property below its market value? There are many reasons but some of the most common reasons include:
- They can't afford the bank repayments so they need to sell their property fast.
- They are moving overseas, so they need to sell their property fast.
- They have just settled a divorce and want to sell fast.
- They just found out a new baby is on the way they so they need to upgrade. e.g bigger house
- Someone had passed away, so the family wants to sell the estate fast.
- They have given (or been won) a property they don't need, and they want to sell. (Rare but its does happen)
- They just want to sell fast.
So with patience and a bit of good luck, you too could find one of these deals. But how do we find these deals? Some great places to search include:
BMVclassifieds.com - A great site which only lists items priced below market value.
Ebay.com - Lists many great deals. To save time go to the search tab at the top of the page and type in what you are looking for.
Enjoy and good luck!
