Do you want to buy or sell a property? Either you are trying to do it yourself or you are planning to use the services of a real estate agent. Did you know you have another option? This is the auction, which is not yet so widespread, but is often advantageous for the buyer.
Selling a property via auction?
Why not?! You can also purchase a property at auction. This is a form of competitive bidding for the most advantageous offer, where the auctioneer sets one or more conditions for its selection.
The final price is then determined by bidding among the participants in the auction, who must have fulfilled certain conditions beforehand. The result is a commitment to conclude a purchase contract for the subject of the auction, but the bidder does not have to take advantage of this offer.
You know that the whole process of auctioning a property starts with an appraisal (expert opinion) and continues with setting the asking price, advertising, inspections, the auction itself and the decision, ending with the sale of the property and the signing of the contract documents.
Electronic real estate auctions
Land auctions, house auctions, apartment auctions and other auctions do not have to take place in person, electronic auctions are becoming increasingly common.