An Assessment on the Auction Market in Selangor

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Abstract


The real estate market was an effective way of selling real estate (Chyi, 2015). However, the pro of buying auctioned-property is that the house price is affordable by the purchaser while the downside purchasing an auction property is that the buyer is not allowed to visit and access the premises for inspection before making a purchase. It is important to note that this is the purpose of this study. First, to determine the selected location of real estate for sale by respondents in Selangor. Next, to identify the factors that influence the acquisition of auctioned properties. Finally, to identify issues and problems in real estate-buying, listed by all respondents during the study. The significant issues and challenges identified in this study were the unreasonable times taken in the process of bank lending to buyers.

 


Keywords


Auction, Purchaser, Property, Selangor

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DOI: https://doi.org/10.21834/e-bpj.v4i12.1935

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