One of the most recommended ways to acquire real estate when you do not really have a particularly large budget is to attend a property auction. Recently gaining more popularity in the Philippines, a property auction is a great way to learn more about real estate and to get your dream home -- most of the time, at hefty discounts.
The common misconception in a property auction is that you have to allocate a big sum in order to compete for a lucrative investment, but in truth you can get a decent, value-for-money property that is not readily available elsewhere. In the Philippines, these events are organized by banks, government agencies, financial institutions and real estate brokerage firms and the properties they offer are often priced below market value.
This year, Lamudi Philippines and partner banks RCBC Savings Bank and Philippine National Bank are opening up the chance for the public to participate in a property auction at the Lamudi Housing Fair.
RCBC and PNB will offer various foreclosed properties for auction at the biggest housing fair to happen in the country. The event is scheduled on November 18 to 20, 2016, at Megatrade Hall 3, SM Megamall in Mandaluyong City. Attendees of the fair can take part in the auction and some will be fortunate enough to go home with his dream investment under his name.
Some of the bank properties that are up for grabs at the Lamudi Housing Fair are townhouses and house and lots with land sizes ranging from 80 to more than 2,000 square meters. Some of the featured property locations are Cavite, Laguna, Pangasinan, Pampanga, Bacolod, and myriad others.
One property up for auction at the fair is the 183 square meter, two-story house and lot in Barangay Tagapo, Sta. Rosa, Laguna by RCBC. This property is perfect for families who are looking for ample space for their growing needs and a good neighborhood near the metro but do not have a hefty amount to spare.
Apart from the auction, the Lamudi fair will also feature the widest selection of properties and offer exclusive discounts to home buyers and property investors. Investment and homebuying seminars and virtual reality application in real estate can also be learned and experienced at the event.
For more information visit www.lamudi.com.ph/housing_fair/
Lamudi is a leading global property portal focusing exclusively on emerging markets. It offers sellers, buyers, landlords and renters a secure and easy-to-use platform to find or list properties online. Lamudi was established in 2013 in Berlin, Germany and it is currently available in Latin America (Mexico, Colombia and Peru), Asia (Philippines, Bangladesh, Indonesia, Myanmar, Pakistan, Sri Lanka) and Middle East (Jordan, Qatar, Saudi Arabia, United Arab Emirates). Within fewer than three years, Lamudi has established its presence as a key online real estate marketplace in the countries where it is operating. For more information, visit Lamudi Philippines on Facebook, Twitter, Google+, LinkedIn, and Instagram.
Established in September 2010, MyProperty.ph is one of the leading Philippine real estate online and print brand that brings property buyers and sellers together. The website’s main offerings are listings of pre-selling properties and properties for sale and for rent. Both website and magazine also provide relevant and updated industry news and information for its clients and consumers. And with the release of its mobile version, finding or selling a home is made even easier. For more information, visit MyProperty on Facebook, Twitter, Google+, and Instagram.