SYDNEY, AUSTRALIA– April 8, 2011 – A new marketing company specialising in distressed properties has opened a niche market for bargain hunters.
Whilst most people believe they can buy properties at bargain prices at mortgagee auctions, experts caution that this is not usually the case. Property buyers are very aware of the nature of a mortgagee auction and that most mortgagees (the mortgagee selling the property) are very keen to sell for the highest price.
Mortgagee property specialist Oliver Talbot says that, unless a buyer of a property at a mortgagee auction is holding a sworn bank valuation in their hands, they will possibly pay too much for the property.
Mr Talbot says the properties listed by his business at www.MortgageeProperty.com have current bank valuations and are sold simply by making an offer in writing.
"This is unlike buying at auction, which is usually stressful and may result in you bidding too high," Mr Talbot says. "While we market the properties, licensed Real Estate Agents do the hard work to assist the buyers to make the right choices.
Real Estate Industry Forecasts a Major Price Waterfall or Raging Fire
The markets in Queensland and NSW have already seen some major pain delivered by banks foreclosing on owners and falling property values. The industry rumour is that every market segment in Australia is likely to see a fall in property values with the highly geared owners seeing their properties listed at www.MortgageeProperty.com
MortgageeProperty.com is a leading online marketing company for real estate agents and investors seeking distressed property. The listings on our database provide visitors with a choice of apartments, townhouses, units and houses across Australia. Unlike mortgagee property auctions, the properties listed here have current bank valuations and are posted by administrators, banks, liquidators, and receivers. Our listed properties will be sold without the stress and risks associated with buying at auction.
P: 1 300 861 889
M: 0400 985 800