If yes ,you can check on the Auction property .
This is the property market which no many people want to involve ,simple as nobody want to buy old,unfurnish, sometime no door unit ,bla bla bla..and maybe some of the unit have 'dead body ' inside the fride ( you know what i am talking..hehe)
I recently attend a auction preview talk by Alan Poon, an experienced auction property expert .
I do agree on 2015 will have more auction property in markert as expected economy will no good .
Some of the highlight will like to share with you from his sharing :
1)Familiar the area of auction property.
2)Understand the property itself
3)POS/COS
4)Timeliness
5)Initial bidding
6)stoping point
Through out my journey of a real estate agent , I met 1 landlord who is buying auction property and make huge money by very short time. deduct all the fee she need to paid , still making over 100k less than a year.
What I can recommence is need to really study the POS (* POS Proclamation of Sale) and * COS (Conditions of Sale) , time frame for bank payment carefully .
Happy weekend ,and have a wonderful year ahead .
