Update- US Residential Property Have we at Newealth heard of Zillow which allows US vendors to list their property and buyers to search, compare and buy without going through an agent? Yes. Did we know about Auction.com? No, never heard of it and what an idea. It is effectively the eBay of property using the same clock countdown formula to close a deal. Due diligence takes place upfront with documents including property inspection reports available online to review during a pre-bidding period. Founded in 2007, Auction.com has sold over 100,000 properties worth US$26 billion to buyers from over 100 countries. Their bread and butter sale has been distressed US property but with the US property market recovering they have opened offices in Germany, the UK and Spain to get access to European distressed real estate. WARNING, this does not constitute Personal Advice and past performance is no guarantee of future performance. To discuss if this is an appropriate strategy for your given circumstances please do not hesitate to contact us directly. Newealth we are always looking to innovate and improve our ongoing services wherever possible and if you have any ideas or comments, please feel free to email me via ‘Contact Us’ at www.newealth.com.au or to call me on +61 2 9267 2322.
17th-October-2013 | 
