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-storey house and lot in 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/
