Mortgages, eh. They’re one of life’s bittersweet realities – there’s the immediate relief in securing one … quickly followed by the more sobering reality of servicing the blessed loan.
On the face of it, buying bare land might seem a far simpler task than purchasing a home. In reality, though, there are often just as many considerations and potential traps for the unwary. Buying a property tends to be an emotional experience for most of us, and even some of the fundamentals can get overlooked in the heat of the moment.
Of all the methods to buy a property, winning at auction tends to come down to a little luck and a lot of homework – but it can also bring risks for the uninitiated.
With property prices appreciating at record levels, not surprisingly, real estate is piquing the interest of many who haven’t traditionally invested in bricks and mortar.
I’ve had an active interest in property transactions for many years from different vantage points, both as a lawyer and as a bank lender. So I’ve seen property transactions go both good and bad, and everything in between, from a number of perspectives.
Once upon a time, not so many years back, it would have been rather inconceivable that the mere mention of one particular letter could evoke such concern, distaste and, often, even fear.
