Property Seekers

Comprehensive Guide To Real Estate In South Africa

ABSA Repossessed Houses

ABSA Repossessed Houses, also known as an ABSA property in possession, is a cancelled home loan agreement. The bank has have to repossessed the property as a result of the previous owners not being able to pay off the full outstanding home loan amount.

These properties are sold by ABSA or by agents working on behalf of ABSA, at prices well below their normal market value.

There are a number of excellent reasons to be shopping in the bank repo market:

Low Prices and 100% Home Loans

Besides getting a potentially great deal on the price of these repo houses, the bank is often willing to offer you a full 100% bond when applying for a home loan to by a bank repo house.

No Transfer Duties

If you buy the house in your personal capacity, you will be exempt from paying property transfer duties.

No Arrear Property Rates & Taxes

ABSA will settle all outstanding Rates & Taxes before selling you the property. This could amount to many thousands of Rands.

Discounted Attorney Costs

By financing your new home through Absa Home Loans, you'll enjoy the benefit of discounted attorney fees. (Check with the bank, as this benefit may not aways be available)

100% home loans are also available on Nedbank Repo Houses and FNB Repo Properties

Featured Bank Repossessed Houses

PhotoProvinceAreaSuburbPriceBedsBaths
GautengJohannesburgEnnerdale Ext 5R 250,000.0021
GautengKrugersdorpMunsievilleR 250,000.0031
Eastern CapePort ElizabethMotherwellR 75,000.0021
GautengPretoriaBooysensR 700,000.0032
GautengGermistonKatlehong(Moseleki East)R 165,000.0031
GautengGermistonRoodekop Ext 21R 150,000.0021
GautengVanderbijlparkVanderbijlpark CW 5R 225,000.0031
Western CapeCape TownKhayelitshaR 125,000.0032
Western CapeCape TownKhayelitshaR 150,000.0032
GautengGermistonRoodekop Ext 21R 140,000.0021
GautengGermistonRoodekop Ext 31R 250,000.0031
GautengJohannesburg EastBellevue EastR 125,000.0021
Western CapeCape TownKhayelitshaR 100,000.0021
GautengGermistonRoodekop Ext 31R 250,000.0031
GautengPretoriaSoshanguve (Bloks)R 225,000.0032

Nedbank Repo HousesFNB Repo HousesABSA Repo HousesStandard Bank Repos
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