During the next two weeks, Aucor will be auctioning a number of residential properties.
The property market has taken a pounding. Interest rates have gone up an additional 5 percent since June 2006, which means that home owners pay an additional R3555 on an R1m bond.
The market has been further battered by financial institutions having to tighten up lending as a result of the National Credit Act.
But the good news is the drop in property prices has brought renewed stability.
The stable interest rates of the current quarter coupled with further expected decline in debt to disposable income ratio has seen a small, steady improvement in the market.
Growing indications of the market shifting from a sellers to the buyers market is finally enabling many people to buy property that previously may have been too expensive to buy.
"Prices have become more realistic" says Paul Winterstein, head of the property division at Aucor.
"Now is the opportune time for buyers to break into the market," he says.
On November 12 Aucor will offer a Tuscan Villa with three separate homes on one adjoining stand. October 18 will see a well situated home in Bez Valley, Johannesburg, coming under the hammer.
This double-storey house, which can be converted into a commercial property, has four bedrooms, two bathrooms, a jacuzzi en suite and a large entertainment area with a sun room.
In Midrand a prime stand totaling 1043m² in the Blue Valley Golf Estate will be sold on site on October 20. A three-bedroom house with double garage in Roodepoort, Kenmare Ext 4, will also be auctioned on October 23. Set on a 1000m² stand, it has a large pool.
Repo properties include a three-bedroom house in Sonlandpark, Vereeniging. It has an additional garden flat. A two-bedroom home with old world charm in Brakpan Central will also be auctioned.
Repossessed residential properties in Pomona, Kempton Park, Amandasig and Montana will also be auctioned
For additional information, call our call centre call on 0861-28-28-46 or visit www.aucor.com.