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November 2012

New Home Buyers Hot Tips Part 29: Types of Property Ownership:

November 30, 2012 by · Leave a Comment 

New Home Buyers Hot Tips: Part 29 Types of Property Ownership P.) A license to occupy is another form of ownership. This gives you the right to live in the place but you have no right to the title. This type of ownership can be commonly used by retirement villages. I have also seen this being […]

New Home Buyers Hot Tips Part 28: Types of Real Estate Property Ownership:

November 29, 2012 by · Leave a Comment 

New Home Buyers Hot Tips: Part 28: Types of Real Estate Property Ownership: O.) Tenants in common are another form of ownership. This is where you stipulate your share of the property with one or more others. If you die, your share of the property becomes part of your estate and then dispersed to who […]

New Home Buyers Hot Tips: Part 13 Risks of Mortgagee Property Auctions

November 28, 2012 by · Leave a Comment 

New Home Buyers Hot Tips: Part 13: Risks of Mortgagee Property Auctions:  a)      The actual state of the title for ownership of the property The title is deemed to have been accepted with no requisition.  What is a title Requisition?  A title requisition relates to any defects in the ownership title for the property. These include […]

New Home Buyers Hot Tips: Part 27 Types of Property Ownership

November 28, 2012 by · Leave a Comment 

New Home Buyers Hot Tips:   Part 27: Types of Property Onwership  N)                Joint tenancy is where the property is owned by two people and when one person dies the ownership of the property automatically passes onto the living person. This means that the person who has past on, their share of the property never […]

New Home Buyers Hot Tips Part 26: Tips to Bidding at the Property Auctions:

November 27, 2012 by · Leave a Comment 

New Home Buyers Hot Tips: Part 26 : Tips to Bidding at the Property Auctions: m) Know the Auctioneers Tricks. As you visit the auctions the Auctioneer has a bag of tricks to get your bids rolling in on the particular property. They have the gift of the gab normally and use a lot of flattery […]

New Home Buyers Hot Tips Part 25: Tips to Bidding at Property Auctions:

November 26, 2012 by · Leave a Comment 

New Home Buyers Hot Tips: Part 25: Tips to Bidding at Property Auctions: L)  Know what a vendors bid is?  A vendors bid is where the auctioneer actually bids on behalf of the owner especially where the price in the bidding has stalled and the top bid is no where near the reserve price. Some real […]

New Home Buyers Hot Tips Part 24: Tips to Bidding at Property Auctions:

November 25, 2012 by · Leave a Comment 

New Home Buyers Hot Tips: Part 24: Tips to Bidding at Property Auctions: K) Some people have put in a preauction bid to buy the property so that they won’t have to go through all the hassles of bidding at an auction. Sometimes I have seen this work where the vendor does actually accept the bid. […]

New Home Buyers Hot Tips Part 23: Tips to Bidding at Property Auctions:

November 24, 2012 by · Leave a Comment 

New Home Buyers Hot Tips: Part 23: Tips to Bidding at Property Auctions H)  If the price of the property goes over your limit walk away. There will always be another property out there for you. I) Never Break Rule H J) Attend as many auctions as you can before you go to the one to buy a […]

New Home Buyers Hot Tips Part 22: Tips to bidding at Property Auctions:

November 23, 2012 by · Leave a Comment 

New Home Buyers Hot Tips : Part 22 Tips to Bidding at Property Auctions: f.) Never tell the real estate agent what your top price is as a bidder. They are working for the seller who is paying their commissions. g.) If the property is passed in at the auction it is normally the top/ highest bidder […]

New Home Buyer Hot Tips Part 21: Tips to bidding at Property Auctions

November 22, 2012 by · Leave a Comment 

New Home Buyer Hot Tips: Part 21: Tips to bidding at Property Auctions: e.) The most important tip would be joining the auction when the bidding gets down to $1000.00 increments. This means you are getting close to the end of the auction. If you join when the bidding when the auction starts at $20,000.00 or $10000.00 […]

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