Frequently Asked Questions
Everything you need to know about real estate auctions
How does participation in the auction work?
Participation in the auction requires a few basic steps: identification of the property, analysis of the documentation, preparation of the bid (revenue stamps, bank drafts for the deposit), filing the bid within the deadline, and finally participation in the sale hearing. We guide you through each step.
Can I buy at auction even without immediate liquidity?
Yes, you can also participate in the auction by applying for a mortgage. Many banks offer mortgages specifically for auction purchases. However, it is important to have at least the deposit available (usually 10 percent of the base price) and to arrange with the bank prior to participation.
What is the key delivery time?
The timing varies depending on the situation of the property. If the property is vacant, the keys are handed over after the decree of transfer (approximately 60-90 days after adjudication). If the property is occupied, further proceedings may be necessary for release.
What costs should I consider in addition to the award price?
In addition to the adjudication price, you need to consider: registration tax (or VAT if applicable), mortgage and cadastral taxes, any outstanding condominium fees, mortgage cancellation costs, and our service fee. We always provide you with a detailed estimate.
Can I visit the property before the auction?
Yes, in most cases it is possible to visit the property. Visits are arranged by the court custodian according to a set schedule. We can help you book the visit and, if you wish, accompany you personally.
What happens if I don't win the auction?
If you do not win the auction, the deposit is returned to you in full within a few days. There are no penalties or additional costs. You will be able to participate in other auctions without any problem.
Have more questions?
Contact us for a free consultation. Our experts are ready to answer all your questions.