How to become rich through property auctions in Singapore

Many Singaporeans want to make money and become rich quick but very few bother to acquire the investment knowledge needed to build wealth. Recently, there was an online article in Yahoo Singapore which illustrated how a Singaporean managed to afford a HDB flat despite having little investment knowledge and drawing an average salary. Apparently, he shared that the landed property was bought for a low price because it was a bank fire sale. He further shared that bank sales can be a good source of deals and revealed that he made a profit of $850,000 after selling it in 2011.

After reading the article, I was really impressed by how he built his wealth and was also heartened that he unselfishly shared his money secrets to Singaporeans . Unfortunately, there were many cynical and negative remarks given by readers in the Yahoo website. Many of them were jealous of his achievement and took the chance to throw brick bats at government policies that restricted them from becoming rich through property investments. Usually these naysayers are those people that would never ever become rich because they don’t appreciate good advices given to them for free.

Singaporeans must realize that to become rich, you must adopt the habits of rich people and arm yourself with knowledge. To learn how to make money through properties, you must first build up your investment knowledge. The key to successful investments is never about timing, nor through sheer luck. It is all about educating yourself on the nuances, tricks and avoiding the usual traps. To this end, one of the local finance bloggers, Property Soul is organizing an education seminar on Everything You Want to Know About Property Auctions and Mortgagee Sales.

Synopsis
Do you know why some seasoned investors like to buy and sell their properties at auctions?

What are the differences of selling your property at an auction versus selling by a property agent? Which are the ideal types of properties to sell in an auction?

How can buyers find bargains at auctions? Are auctions for first-time buyers? How to play the ‘bidding game’? Are you aware of all the legal implications when you buy or sell at auctions?

What are the tricks of buying mortgagee sale properties? Are there potential dangers and legal issues behind buying such properties?

Come and learn first-hand from experienced industry experts who will share with you all the useful tips and highlight the hidden traps with real-life case studies.

Seminar details

Date       : 5 July 2014 (Saturday)
Time       : 9.30 a.m. – 12.30 p.m.
Venue     : YMCA @ One Orchard
Tan Chin Tuan Function Room 1
1 Orchard Road, S238824
(Dhoby Ghaut MRT Station Exit A)
Agenda
09:00 Registration and networking
09:30 Welcome
09:40 Leveraging property auctions to market your properties to buyers
Sharon Lee, Director & Head, Auction, Knight Frank
10:20 Tips and tricks of buying at property auctions
Jean Calalang, Manager, Auction, Knight Frank
11:00 Tea break
11:30 Potential risks and legal issues of auction properties and mortgagee sales
(Conveyancing lawyer from legal firm)
12:10 Group discussion and networking session
(all speakers and attendees)
12:30 End of seminar