In some cases, you can save up to 30% when buying a repossessed property. 

But the thing is, repossessed properties are hard to find. So it all boils down to knowing where to look for good deals and how to go about buying them.

Auctions

If you keep an eye on auction websites, you’ll find many repossessed properties being offered at an unusually low price.

However, buyers rarely get to purchase at those prices, especially when the bidding wars begin.

Estate Agents 

Mortgage companies often offload their repossessions to estate agents to try and get a higher sale price. 

Those agents then market these properties as they would a normal house, so you wouldn't even know they’re repos unless you ask. 

LPA Receivers 

Sometimes an LPA receiver is appointed to take control of a mortgaged asset and recover monies for the lender by selling it.

The risk of going this route is that you cannot expect confirmation or replies to your queries as they often don't have personal knowledge of the property. 

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We’ve already prepackaged our expert sourcing strategy. All you need to do is click the “Repossessions” button. 

Key in your preferences, including your budget, area or location, and property type.
 

We list down all the property deals that match your preferences. You’ll find all the best below market properties with just a click! 

Click on a property you like and get an instant property analysis! You’ll get an overview of your possible ROI, including recurring costs, net monthly income, and cash flow.