Auction Bazaar

Online property auctions have revolutionized the way people buy and sell properties. AuctionBazaar is a leading online platform that provides a seamless experience for buyers and sellers to participate in online property auctions. They are particularly beneficial for banks and financial institutions that need to sell properties quickly and efficiently. In this blog, we'll explore the benefits of online property auctions for buyers and sellers on Auctionbazaar. Benefits of Online Property Auctions for Buyers 1. Access to a wide range of properties : Online property auctions provide buyers access to various properties across different locations. Buyers have a greater chance of finding the property that suits their needs and budget. 2. Competitive pricing : Online property auctions are known for their competitive pricing, as properties are sold to the highest bidder. Buyers can purchase a property at a lower price than its market value. 3. Transparency...

Investing in auction properties can be an intelligent financial decision, but it is essential to approach it with caution and careful consideration. A property's value rises over time, considering its attributes and location. The cost of each unit is the only obstacle. That merely corresponds to the average investor's spending power. “ Global Auction Sales Soared to a Record 1039285.8 Billion Rs/- in 2021. The figure was 70.2% higher than 2020, and 2.3% higher than the previous peak in 2018 .”   Bank auction properties are what savvy investors look for. Public and private banks often sell non-performing assets to recover defaulted loan amounts. To promote this auction, banks usually keep the price of assets lower than the market rates and quickly accomplish the process. Here are do’s and don’ts of auction properties to keep in mind when investing in real estate: “As a buyer” - Do's of buying an auction property   ●      Research the prop...

Bank auction property in Mumbai is a great way to find a bargain deal in the real estate market. Bank auctions offer access to properties (often in a desirable location) for 20–30% less than the going rate. Because the underlying property is typically ready to move into, there is a realistic price point for owning a property through a bank auction, attracting more interested buyers. Residential sales in India H1 2022 , Mumbai - In the first half of 2022, around 44 thousand housing units were sold in Mumbai, India's most demanding residential housing market. All of the eight biggest metropolitan areas of India recorded a significant increase in housing sales. There were a total of 158,705 residential properties sold during the period. Bank auction properties in Mumbai frequently draw much attention because the units are frequently priced below going market rates. This is a perfect option for buyers to obtain properties at a lower cost. However, buying a property at an a...

Banks eliminate capital stress by selling NPAs in the market to recover defaulted loans. Bidders bid on the enlisted properties and avail of these advantages to uncover possible investments and grow their wealth. Are you looking for investment opportunities in the real estate market? If so, consider bank properties for sale . These properties are foreclosed homes that have been repossessed by banks or financial institutions due to the inability of the owner to repay their loan. As an investor, purchasing bank-owned properties can be a wise decision due to their potential for high returns. Why Invest in Bank-Owned Properties? One of the main advantages of investing in bank-owned properties is the potential for significant cost savings. These properties are typically sold at a discount, often below market value, which can provide a profitable investment opportunity. Additionally, banks and financial institutions generally are motivated to sell these bank properties up for sale...

In India, an online auction is in its infancy and is developing rapidly in this digitized world. Online auctions assist in buying and selling real estate at advantageous pricing in today's internet-friendly environment. According to a recent study, online auctions have seen a significant increase in participation, with up to 50% more bidders than traditional auctions. “ Source : The online auction market is estimated to grow at a CAGR of 11.35% between 2022 and 2027. The size of the market is forecast to increase by USD 2,506.13 million .” The statistics demonstrate the many benefits of online auctions, including increased participation, faster sales, lower costs, higher conversion rates, and increased transparency. These factors make online auctions attractive for buyers and sellers in today's fast-paced and digital world. Online auctions facilitate faster and more profitable sales that help reduce the steps and outlay involved. Many online portals allow potential b...

Due to the COVID119 pandemic and consecutive economic crises, many borrowers could not repay the loan on time and were included in the defaulter list. Most cases belong to the home loan department of the public and private sector banks. Mortgages linked to these defaulted loans are possessed by these banks and are sold in e-auctions to recover capital from the market. These financial institutions attract bidders by conducting online auctions and reducing the price of these properties by as much as 15%. Investors in appropriate locations look for such auctioned properties and bid online. “ Source : The global Auction House market size was valued at USD 40323.0 million in 2021 and is expected to expand at a CAGR of 12.79% during the forecast period, reaching USD 83032.0 million by 2027. ” If you are an interested real estate investor, then bank auction houses will be the best bet for better ROI. Here is what you need to focus on to make a successful bank auction property inve...

Time and again, it has been proven multiple times that investing in real estate properties gives one of  the best returns. All you have to do is to arrange finance and invest in value for money properties. Many savvy investors in urban cities, such as Hyderabad, look for bank property auctions conducted online. For starters, there are many advantages of investing in bank properties.   Here is a list of insider tips to invest in a bank auction property in Hyderabad . Insider tips related to bank auction properties 1.            NPAs are increasing, and banks are getting rid of them Loans disbursed by banks get defaulted when the borrowers are unable to repay. The latest report released by the RBI suggests that there are over 17,000 properties mortgaged to bad loans . These properties are non-performing assets (NPAs) for the leading public sector banks. The borrowers failed to repay the loan amount, and the banks...