Procedure for an Auction: Complete Step by Step Guide
If you are interested in acquiring a property through an auction, It is important that you know the procedure to take possession of a property in this way.
In this article, We present you a complete step-by-step guide so you know how the process works, What aspects you should consider and how we can help you.
Select a property from the list
The first thing you should do is select a property from Your Real Estate Agent's auction list.. You can review the properties available on our website and find the one that best suits your needs.
Visit the property to see the surroundings
It is recommended that you visit the property to see the surroundings and verify that it meets your expectations.. Please note that you will not be able to see the interior of the property before the auction.
Sign up for our program
To begin the property investigation process, you must enroll in our program. The registration fee is the only $3,500 and allows us to investigate the property of your interest.
Receive the report with exclusive property information
If the property is viable, that is to say, If the operation involves a minimum of 30% of benefit including expenses and fees, You will receive a report with exclusive information about the property, including a law firm, a market study, a financial analysis and an auction strategy.
If it is not feasible, Search and choose another property on our list
If the property is not viable, We invite you to search and choose another property on our list. You do not need to register again to do so.
Sign representation contract with Certeza Inmobiliaria
If you find a viable property, You must sign a representation contract with Your Real Estate Agent, in which a schedule of partial payments of fees and expenses is established.
Acquire the Ticket 10% of the value of the Judicial Appraisal
To be a bidder in the auction, You must purchase the Ticket 10% of the appraisal value