Bargain hunters urged to weigh risks of distressed sales
Mortgage holidays are set to end, government support is being scaled down and analysts are saying distressed sales are likely to rise. Are the coming months a good time to try to find a bargain, or are there risks in chasing an under-market value acquisition in the post-COVID economy?
Analysts warn many investors may find themselves forced to sell properties if they can't service their debts. Photo: Shutterstock (Image source: Shutterstock.com)
Mortgage holidays are set to end, government support is being scaled down and analysts are saying distressed sales are likely to rise. Are the coming months a good time to try to find a bargain, or are there risks in chasing an under-market value acquisition in the post-COVID economy?
For seasoned property investors, acquiring a property for less than what it’s worth is a tantalising and sought after prospect.
Many scour listings for key terms …
