Bank Repos & Urgent Sale Bargains
Private Sale is opposing estate agents – No Agent does not take commission.
Platinum Private Sale Members
Private Sale has privileged information regarding repo properties (PiP’s) and other distressed estates prior to it been made public. These repos are top-end properties, vacant, well maintained & secured and then videographed. Benefits include browsing for the current bargains on DVD in your own leisure and frequenting your favourites on appointment.
When buying such investment properties you would need (1) proof of funds (preferably with a bond and in some instances without a deposit) and (2) submit an offer to purchase. There are no transfer duties or outstanding rates and taxes when purchasing a PiP.
Bank’s funds derive from bonds, not by selling houses. They are now rather investing to retain their bonds instead of cash auctions. The banks want you to “buy” the bond.