auctions to facilitate sales

Posted

Video length: 4 mins.

France 2

Article written by

C. De La Guérivière, A. Belderrain, Y. Moine, J. Sarfati, F. Goncalves, C. Ricco, N. Bergot – France 2

France Televisions

Interactive auctions seem to boost the real estate sector. It is a fairly recent, secure process that offers incredible opportunities. More and more owners are being seduced.

Buy real estate at auction on the internet. With a simple click, outbid in a limited time. Why are these new interactive real estate sales multiplying today? In a Parisian building, in three months, a third apartment was sold at online auction. Alice Bassah has been trying to buy in vain for a year. It was attracted by the starting price of 700,000 euros, or 100,000 euros less than the other 90 m2 currently sold in the district.

No legal obligation to follow up

The client should position herself on this first offer, by connecting to a virtual auction room. Visits are closed, bidding can begin. The auction platform manager orchestrates the sale. The rule is simple: everyone can bid in increments of 4,000 euros. These virtual auctions are not an effective sale, there is no legal obligation to follow up. It is above all a question of indicating to the seller the maximum price he can expect, and thus of confronting him with the reality of the market.


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